The Graveyard › Banks › 1988
First National Bank Austin
Austin, TX · failed August 18, 1988 · FDIC certificate 25811
First National Bank Austin of Austin, TX failed on August 18, 1988. It opened on November 30, 1984, 3 years before. At its last report before that it held $26.0 million in assets and $27.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $36.3 million. The FDIC estimates that the FDIC's insurance fund lost $12.1 million on it.
1984-121988-06
Assets at the end$26.0 millionlast report before August 18, 1988
Deposits at the end$27.2 million
Estimated loss to the fund$12.1 millionFDIC
Largest in the quarterly reports$36.3 millionMarch 31, 1986
Equity to assets-5.3%June 30, 1988
Loans not being repaid46.6%noncurrent, June 30, 1988
Return on assets-3.81%a year's rate, June 30, 1988
Staff9full time, June 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.