The Graveyard › Banks › 1988

Mingo Trust and Savings Bank

Mingo, IA · failed September 1, 1988 · FDIC certificate 5798

Mingo Trust and Savings Bank of Mingo, IA failed on September 1, 1988. It opened on January 6, 1904, 84 years before. At its last report before that it held $12.1 million in assets and $11.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $13.2 million. The FDIC estimates that the FDIC's insurance fund lost $775,307 on it.

1984-031988-06

Assets at the end$12.1 millionlast report before September 1, 1988

Deposits at the end$11.4 million

Estimated loss to the fund$775,307FDIC

Largest in the quarterly reports$13.2 millionSeptember 30, 1984

Equity to assets2.4%June 30, 1988

Loans not being repaid2.2%noncurrent, June 30, 1988

Return on assets-1.89%a year's rate, June 30, 1988

Staff7full time, June 30, 1988

On the FDIC's list: MINGO TRUST & SAVINGS BANK.

Take today's blind test

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.