The Graveyard › Banks › 1988
First American Bank & Trust of Baytown
Baytown, TX · failed March 10, 1988 · FDIC certificate 14241
First American Bank & Trust of Baytown of Baytown, TX failed on March 10, 1988. It opened on April 10, 1934, 53 years before. At its last report before that it held $38.2 million in assets and $41.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $53.4 million. The FDIC estimates that the FDIC's insurance fund lost $16.3 million on it.
1984-031987-12
Assets at the end$38.2 millionlast report before March 10, 1988
Deposits at the end$41.0 million
Estimated loss to the fund$16.3 millionFDIC
Largest in the quarterly reports$53.4 millionSeptember 30, 1986
Equity to assets-7.8%December 31, 1987
Loans not being repaid16.1%noncurrent, December 31, 1987
Return on assets-11.86%a year's rate, December 31, 1987
Staff42full 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.