The Graveyard › Banks › 2008

Franklin Bank, S.S.B.

Houston, TX · failed November 7, 2008 · FDIC certificate 26870

Franklin Bank, S.S.B. of Houston, TX failed on November 7, 2008. It opened on January 8, 1987, 21 years before. At its last report before that it held $5.1 billion in assets and $3.7 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $5.9 billion. The FDIC estimates that the Deposit Insurance Fund lost $614.1 million on it.

1987-032008-09

Assets at the end$5.1 billionlast report before November 7, 2008

Deposits at the end$3.7 billion

Estimated loss to the fund$614.1 millionDIF

Largest in the quarterly reports$5.9 billionMarch 31, 2008

Equity to assets3.4%September 30, 2008

Loans not being repaid15.1%noncurrent, September 30, 2008

Return on assets-9.17%a year's rate, September 30, 2008

Staff659full time, September 30, 2008

On the FDIC's list: FRANKLIN BANK, SSB.

Could you have seen it coming? Play The Crash of '08

Also ended in 2008

Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 billion 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.