The Graveyard › Banks › 1988
Forest City Bank & Trust Co.
Forest City, IA · failed May 6, 1988 · FDIC certificate 15745
Forest City Bank & Trust Co. of Forest City, IA failed on May 6, 1988. It opened on July 1, 1895, 92 years before. At its last report before that it held $26.6 million in assets and $26.5 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $733,032 on it.
1984-031988-03
Assets at the end$26.6 millionlast report before May 6, 1988
Deposits at the end$26.5 million
Estimated loss to the fund$733,032FDIC
Equity to assets-0.6%March 31, 1988
Loans not being repaid13.9%noncurrent, March 31, 1988
Return on assets-4.29%a year's rate, March 31, 1988
Staff18full time, March 31, 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.