The Graveyard › Banks › 1987
Lake Austin National Bank
Austin, TX · failed May 21, 1987 · FDIC certificate 24487
Lake Austin National Bank of Austin, TX failed on May 21, 1987. It opened on April 28, 1983, 4 years before. At its last report before that it held $43.7 million in assets and $43.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $50.1 million. The FDIC estimates that the FDIC's insurance fund lost $14.1 million on it.
1984-031987-03
Assets at the end$43.7 millionlast report before May 21, 1987
Deposits at the end$43.3 million
Estimated loss to the fund$14.1 millionFDIC
Largest in the quarterly reports$50.1 millionJune 30, 1985
Equity to assets0.3%March 31, 1987
Loans not being repaid9.8%noncurrent, March 31, 1987
Return on assets-0.75%a year's rate, March 31, 1987
Staff37full time, March 31, 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.