The Graveyard › Banks › 1988
First Capitol Bank
West Columbia, TX · failed July 28, 1988 · FDIC certificate 11146
First Capitol Bank of West Columbia, TX failed on July 28, 1988. It opened on July 22, 1925, 63 years before. At its last report before that it held $50.0 million in assets and $46.3 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $23.3 million on it.
1984-031988-06
Assets at the end$50.0 millionlast report before July 28, 1988
Deposits at the end$46.3 million
Estimated loss to the fund$23.3 millionFDIC
Largest in the quarterly reports$50.6 millionSeptember 30, 1987
Equity to assets3.0%June 30, 1988
Loans not being repaid13.4%noncurrent, June 30, 1988
Return on assets0.02%a year's rate, June 30, 1988
Staff35full 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.