The Graveyard › Banks › 1988
First Industrial Bank of Rocky Ford
Rocky Ford, CO · failed December 16, 1988 · FDIC certificate 90047
First Industrial Bank of Rocky Ford of Rocky Ford, CO failed on December 16, 1988. It opened on January 2, 1965, 23 years before. At its last report before that it held $12.5 million in assets and $11.4 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $6.7 million on it.
1987-121988-09
Assets at the end$12.5 millionlast report before December 16, 1988
Deposits at the end$11.4 million
Estimated loss to the fund$6.7 millionFDIC
Largest in the quarterly reports$12.6 millionJune 30, 1988
Equity to assets7.3%September 30, 1988
Loans not being repaid6.2%noncurrent, September 30, 1988
Return on assets-1.21%a year's rate, September 30, 1988
Staff10full time, September 30, 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.