The Graveyard › Banks › 1988
Bank of the Mid-South
Bossier City, LA · failed August 25, 1988 · FDIC certificate 22845
Bank of the Mid-South of Bossier City, LA failed on August 25, 1988. It opened on April 16, 1979, 9 years before. At its last report before that it held $41.8 million in assets and $41.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $48.7 million. The FDIC estimates that the FDIC's insurance fund lost $6.8 million on it.
1984-031988-06
Assets at the end$41.8 millionlast report before August 25, 1988
Deposits at the end$41.1 million
Estimated loss to the fund$6.8 millionFDIC
Largest in the quarterly reports$48.7 millionDecember 31, 1984
Equity to assets-2.9%June 30, 1988
Loans not being repaid16.0%noncurrent, June 30, 1988
Return on assets-10.99%a year's rate, June 30, 1988
Staff24full time, June 30, 1988
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion 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.