The Graveyard › Banks › 1986
First State Bank & Trust Company
Edinburg, TX · failed May 23, 1986 · FDIC certificate 16382
First State Bank & Trust Company of Edinburg, TX failed on May 23, 1986. It opened on April 9, 1945, 41 years before. At its last report before that it held $137.9 million in assets and $137.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $161.4 million. The FDIC estimates that the FDIC's insurance fund lost $21.7 million on it.
1984-031986-03
Assets at the end$137.9 millionlast report before May 23, 1986
Deposits at the end$137.0 million
Estimated loss to the fund$21.7 millionFDIC
Largest in the quarterly reports$161.4 millionMarch 31, 1985
Equity to assets-0.1%March 31, 1986
Loans not being repaid25.0%noncurrent, March 31, 1986
Return on assets-0.65%a year's rate, March 31, 1986
Staff111full time, March 31, 1986
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.