The Graveyard › Banks › 1988

First City, Texas - Lake Jackson

Lake Jackson · assisted April 20, 1988 · FDIC certificate 16524

First City, Texas - Lake Jackson of Lake Jackson was given assistance by the FDIC on April 20, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on January 2, 1947, 41 years before. At its last report before that it held $85.8 million in assets and $78.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $101.9 million. The FDIC estimates that the FDIC's insurance fund lost $180,617 on it.

1984-031988-03

Assets at the end$85.8 millionlast report before April 20, 1988

Deposits at the end$78.8 million

Estimated loss to the fund$180,617FDIC

Largest in the quarterly reports$101.9 millionMarch 31, 1987

Equity to assets6.9%March 31, 1988

Loans not being repaid3.2%noncurrent, March 31, 1988

Return on assets0.45%a year's rate, March 31, 1988

Staff40full time, March 31, 1988

Could you have seen it coming? Play Black Monday

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.