The Graveyard › Banks › 1987
Montgomery County Bank, N.A.
The Woodlands, TX · failed January 29, 1987 · FDIC certificate 20694
Montgomery County Bank, N.A. of The Woodlands, TX failed on January 29, 1987. It opened on May 17, 1972, 14 years before. At its last report before that it held $48.5 million in assets and $47.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $62.3 million. The FDIC estimates that the FDIC's insurance fund lost $13.9 million on it.
1984-031986-12
Assets at the end$48.5 millionlast report before January 29, 1987
Deposits at the end$47.6 million
Estimated loss to the fund$13.9 millionFDIC
Largest in the quarterly reports$62.3 millionJune 30, 1984
Equity to assets-0.2%December 31, 1986
Loans not being repaid7.6%noncurrent, December 31, 1986
Return on assets-3.81%a year's rate, December 31, 1986
Staff46full time, December 31, 1986
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.