The Graveyard › Banks › 1987

Hub City Bank and Trust Company

Lafayette, LA · failed February 20, 1987 · FDIC certificate 19257

Hub City Bank and Trust Company of Lafayette, LA failed on February 20, 1987. It opened on October 24, 1964, 22 years before. At its last report before that it held $38.0 million in assets and $38.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $86.8 million. The FDIC estimates that the FDIC's insurance fund lost $12.9 million on it.

1984-031986-12

Assets at the end$38.0 millionlast report before February 20, 1987

Deposits at the end$38.2 million

Estimated loss to the fund$12.9 millionFDIC

Largest in the quarterly reports$86.8 millionJune 30, 1984

Equity to assets-4.6%December 31, 1986

Loans not being repaid25.0%noncurrent, December 31, 1986

Return on assets-4.87%a year's rate, December 31, 1986

Staff48full time, December 31, 1986

On the FDIC's list: HUB CITY BANK & TRUST COMPANY.

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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.