The Graveyard › Banks › 1988
Louisiana Commercial Bank
Madisonville, LA · failed January 21, 1988 · FDIC certificate 24965
Louisiana Commercial Bank of Madisonville, LA failed on January 21, 1988. It opened on February 21, 1984, 3 years before. At its last report before that it held $26.8 million in assets and $25.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $29.4 million. The FDIC estimates that the FDIC's insurance fund lost $6.3 million on it.
1984-031987-12
Assets at the end$26.8 millionlast report before January 21, 1988
Deposits at the end$25.7 million
Estimated loss to the fund$6.3 millionFDIC
Largest in the quarterly reports$29.4 millionJune 30, 1987
Equity to assets1.6%December 31, 1987
Loans not being repaid14.9%noncurrent, December 31, 1987
Return on assets-4.47%a year's rate, December 31, 1987
Staff22full 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.