The Graveyard › Banks › 1987

Banctexas Sulphur Springs, N.A.

Sulphur Springs · assisted July 17, 1987 · FDIC certificate 19014

Banctexas Sulphur Springs, N.A. of Sulphur Springs was given assistance by the FDIC on July 17, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on January 24, 1964, 23 years before. At its last report before that it held $18.3 million in assets and $18.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $31.8 million. The FDIC estimates that the FDIC's insurance fund lost $2.7 million on it.

1984-031987-06

Assets at the end$18.3 millionlast report before July 17, 1987

Deposits at the end$18.0 million

Estimated loss to the fund$2.7 millionFDIC

Largest in the quarterly reports$31.8 millionMarch 31, 1985

Equity to assets0.9%June 30, 1987

Loans not being repaid3.0%noncurrent, June 30, 1987

Return on assets-3.06%a year's rate, June 30, 1987

Staff20full time, June 30, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.