The Graveyard › Banks › 1996
First NB of the Panhandle
Panhandle, TX · failed June 14, 1996 · FDIC certificate 3382
First NB of the Panhandle of Panhandle, TX failed on June 14, 1996. It opened on May 6, 1927, 69 years before. At its last report before that it held $68.1 million in assets and $68.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1995, it held $96.4 million. The FDIC estimates that the Bank Insurance Fund lost $16.3 million on it.
1984-031996-03
Assets at the end$68.1 millionlast report before June 14, 1996
Deposits at the end$68.0 million
Estimated loss to the fund$16.3 millionBIF
Largest in the quarterly reports$96.4 millionMarch 31, 1995
Equity to assets-0.3%March 31, 1996
Loans not being repaid21.2%noncurrent, March 31, 1996
Return on assets-4.12%a year's rate, March 31, 1996
Staff35full time, March 31, 1996
Also ended in 1996
- Fairfield First Bank & Trust Co · Southport, CT · $57.3 million in assets
- Metrobank of Philadelphia · Philadelphia, PA · $40.4 million in assets
- Union Federal Bank, FSB · Los Angeles, CA · $32.6 million in assets
- Peoples Bank and Trust · Borger, TX · $22.7 million in assets
- Commonwealth Thrift and Loan · Torrance, CA · $11.5 million in assets
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.