The Graveyard › Banks › 1988
First City, Texas - Gulfgate
Houston · assisted April 20, 1988 · FDIC certificate 20729
First City, Texas - Gulfgate 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 June 30, 1972, 15 years before. At its last report before that it held $168.1 million in assets and $154.4 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $262,716 on it.
1984-031988-03
Assets at the end$168.1 millionlast report before April 20, 1988
Deposits at the end$154.4 million
Estimated loss to the fund$262,716FDIC
Largest in the quarterly reports$170.7 millionJune 30, 1987
Equity to assets6.6%March 31, 1988
Loans not being repaid2.0%noncurrent, March 31, 1988
Return on assets0.37%a year's rate, March 31, 1988
Staff85full 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.