The Graveyard › Banks › 1988
First City, Texas - Clear Lake
Houston · assisted April 20, 1988 · FDIC certificate 20979
First City, Texas - Clear Lake of Houston was given assistance by the FDIC on April 20, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on March 6, 1973, 15 years before. At its last report before that it held $79.8 million in assets and $74.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $1.4 million on it.
1984-031988-03
Assets at the end$79.8 millionlast report before April 20, 1988
Deposits at the end$74.7 million
Estimated loss to the fund$1.4 millionFDIC
Largest in the quarterly reports$83.2 millionDecember 31, 1986
Equity to assets4.8%March 31, 1988
Loans not being repaid5.6%noncurrent, March 31, 1988
Return on assets-0.19%a year's rate, March 31, 1988
Staff52full time, March 31, 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.