The Graveyard › Banks › 1988
First State Bank
Oilton, OK · failed February 11, 1988 · FDIC certificate 19303
First State Bank of Oilton, OK failed on February 11, 1988. It opened on December 7, 1964, 23 years before. At its last report before that it held $13.2 million in assets and $13.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $15.7 million. The FDIC estimates that the FDIC's insurance fund lost $3.1 million on it.
1984-031987-12
Assets at the end$13.2 millionlast report before February 11, 1988
Deposits at the end$13.3 million
Estimated loss to the fund$3.1 millionFDIC
Largest in the quarterly reports$15.7 millionJune 30, 1986
Equity to assets-1.3%December 31, 1987
Loans not being repaid11.1%noncurrent, December 31, 1987
Return on assets-3.66%a year's rate, December 31, 1987
Staff14full time, December 31, 1987
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.