The Graveyard › Banks › 1987
Heritage National Bank
Austin, TX · failed December 10, 1987 · FDIC certificate 25000
Heritage National Bank of Austin, TX failed on December 10, 1987. It opened on March 1, 1984, 3 years before. At its last report before that it held $53.2 million in assets and $51.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $64.6 million. The FDIC estimates that the FDIC's insurance fund lost $19.5 million on it.
1984-031987-06
Assets at the end$53.2 millionlast report before December 10, 1987
Deposits at the end$51.0 million
Estimated loss to the fund$19.5 millionFDIC
Largest in the quarterly reports$64.6 millionDecember 31, 1985
Equity to assets3.7%June 30, 1987
Loans not being repaid8.7%noncurrent, June 30, 1987
Return on assets-4.09%a year's rate, June 30, 1987
Staff37full time, June 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million 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.