The Graveyard › Banks › 1988
First National Bank of Kingswood
Kingswood, TX · failed May 26, 1988 · FDIC certificate 25248
First National Bank of Kingswood of Kingswood, TX failed on May 26, 1988. It opened on July 2, 1984, 3 years before. At its last report before that it held $16.1 million in assets and $16.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $22.5 million. The FDIC estimates that the FDIC's insurance fund lost $4.6 million on it.
1984-091988-03
Assets at the end$16.1 millionlast report before May 26, 1988
Deposits at the end$16.2 million
Estimated loss to the fund$4.6 millionFDIC
Largest in the quarterly reports$22.5 millionDecember 31, 1985
Equity to assets-1.5%March 31, 1988
Loans not being repaid9.2%noncurrent, March 31, 1988
Return on assets-2.69%a year's rate, March 31, 1988
Staff19full time, March 31, 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.