The Graveyard › Banks › 1987

First State Bank of Bovina

Bovina, TX · failed October 22, 1987 · FDIC certificate 17510

First State Bank of Bovina of Bovina, TX failed on October 22, 1987. It opened on October 26, 1955, 31 years before. At its last report before that it held $20.1 million in assets and $17.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $22.3 million. The FDIC's list records no loss to the FDIC's insurance fund.

1984-031987-06

Assets at the end$20.1 millionlast report before October 22, 1987

Deposits at the end$17.4 million

Estimated loss to the fundnone recordedFDIC

Largest in the quarterly reports$22.3 millionDecember 31, 1986

Equity to assets8.3%June 30, 1987

Loans not being repaid0.0%noncurrent, June 30, 1987

Return on assets0.78%a year's rate, June 30, 1987

Staff8full time, June 30, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million 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.