The Graveyard › Banks › 1987
First Commercial Bank of Texas,
Houston, TX · failed April 16, 1987 · FDIC certificate 24467
First Commercial Bank of Texas, of Houston, TX failed on April 16, 1987. It opened on April 18, 1983, 3 years before. At its last report before that it held $4.4 million in assets and $4.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $13.9 million. The FDIC estimates that the FDIC's insurance fund lost $1.9 million on it.
1984-031987-03
Assets at the end$4.4 millionlast report before April 16, 1987
Deposits at the end$4.7 million
Estimated loss to the fund$1.9 millionFDIC
Largest in the quarterly reports$13.9 millionMarch 31, 1985
Equity to assets-12.9%March 31, 1987
Loans not being repaid2.1%noncurrent, March 31, 1987
Return on assets-37.34%a year's rate, March 31, 1987
Staff7full time, March 31, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million 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.