The Graveyard › Banks › 1988
Frenchman Valley Bank
Palisade, NE · failed March 10, 1988 · FDIC certificate 13254
Frenchman Valley Bank of Palisade, NE failed on March 10, 1988. It opened in 1887, 101 years before. At its last report before that it held $2.8 million in assets and $2.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $601,833 on it.
1984-031987-12
Assets at the end$2.8 millionlast report before March 10, 1988
Deposits at the end$2.7 million
Estimated loss to the fund$601,833FDIC
Largest in the quarterly reports$2.8 millionDecember 31, 1985
Equity to assets3.8%December 31, 1987
Loans not being repaid12.7%noncurrent, December 31, 1987
Return on assets-1.61%a year's rate, December 31, 1987
Staff4full 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.