The Graveyard › Banks › 1988
Frontier National Bank
Round Rock, TX · failed October 27, 1988 · FDIC certificate 23454
Frontier National Bank of Round Rock, TX failed on October 27, 1988. It opened on June 1, 1981, 7 years before. At its last report before that it held $39.5 million in assets and $39.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $58.5 million. The FDIC estimates that the FDIC's insurance fund lost $11.5 million on it.
1984-031988-06
Assets at the end$39.5 millionlast report before October 27, 1988
Deposits at the end$39.3 million
Estimated loss to the fund$11.5 millionFDIC
Largest in the quarterly reports$58.5 millionMarch 31, 1986
Equity to assets-0.1%June 30, 1988
Loans not being repaid13.0%noncurrent, June 30, 1988
Return on assets-8.24%a year's rate, June 30, 1988
Staff30full 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.