The Graveyard › Banks › 1988
Basin State Bank
Vernal, UT · failed February 12, 1988 · FDIC certificate 23395
Basin State Bank of Vernal, UT failed on February 12, 1988. It opened on April 1, 1981, 6 years before. At its last report before that it held $12.0 million in assets and $11.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $17.3 million. The FDIC estimates that the FDIC's insurance fund lost $3.4 million on it.
1984-031987-12
Assets at the end$12.0 millionlast report before February 12, 1988
Deposits at the end$11.5 million
Estimated loss to the fund$3.4 millionFDIC
Largest in the quarterly reports$17.3 millionJune 30, 1986
Equity to assets3.4%December 31, 1987
Loans not being repaid23.5%noncurrent, December 31, 1987
Return on assets-5.06%a year's rate, December 31, 1987
Staff15full time, December 31, 1987
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.