The Graveyard › Banks › 1988
First State Bank
Seminole, OK · failed September 29, 1988 · FDIC certificate 8979
First State Bank of Seminole, OK failed on September 29, 1988. It opened on April 1, 1906, 82 years before. At its last report before that it held $12.2 million in assets and $11.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $18.9 million. The FDIC estimates that the FDIC's insurance fund lost $1.6 million on it.
1984-031988-06
Assets at the end$12.2 millionlast report before September 29, 1988
Deposits at the end$11.3 million
Estimated loss to the fund$1.6 millionFDIC
Largest in the quarterly reports$18.9 millionSeptember 30, 1986
Equity to assets7.3%June 30, 1988
Loans not being repaid39.8%noncurrent, June 30, 1988
Return on assets-2.41%a year's rate, June 30, 1988
Staff12full time, June 30, 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.