The Graveyard › Banks › 1986
First State Bank
Memphis, TX · failed March 27, 1986 · FDIC certificate 11911
First State Bank of Memphis, TX failed on March 27, 1986. It opened in 1933, 53 years before. At its last report before that it held $17.0 million in assets and $16.3 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $4.7 million on it.
1984-031985-12
Assets at the end$17.0 millionlast report before March 27, 1986
Deposits at the end$16.3 million
Estimated loss to the fund$4.7 millionFDIC
Largest in the quarterly reports$17.0 millionDecember 31, 1985
Equity to assets2.9%December 31, 1985
Loans not being repaid12.8%noncurrent, December 31, 1985
Return on assets-8.01%a year's rate, December 31, 1985
Staff15full time, December 31, 1985
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 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.