The Graveyard › Banks › 1988
First Houston Bank, N.A.
Houston, TX · failed February 11, 1988 · FDIC certificate 24836
First Houston Bank, N.A. of Houston, TX failed on February 11, 1988. It opened on October 27, 1983, 4 years before. At its last report before that it held $33.2 million in assets and $34.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $60.2 million. The FDIC estimates that the FDIC's insurance fund lost $11.0 million on it.
1984-031987-12
Assets at the end$33.2 millionlast report before February 11, 1988
Deposits at the end$34.6 million
Estimated loss to the fund$11.0 millionFDIC
Largest in the quarterly reports$60.2 millionJune 30, 1986
Equity to assets-19.4%December 31, 1987
Loans not being repaid3.3%noncurrent, December 31, 1987
Return on assets-12.77%a year's rate, December 31, 1987
Staff24full time, December 31, 1987
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.