The Graveyard › Banks › 1988
Mustang Community Bank
Mustang, OK · failed February 18, 1988 · FDIC certificate 22920
Mustang Community Bank of Mustang, OK failed on February 18, 1988. It opened on August 6, 1979, 8 years before. At its last report before that it held $9.4 million in assets and $9.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $10.6 million. The FDIC estimates that the FDIC's insurance fund lost $3.1 million on it.
1984-031987-12
Assets at the end$9.4 millionlast report before February 18, 1988
Deposits at the end$9.6 million
Estimated loss to the fund$3.1 millionFDIC
Largest in the quarterly reports$10.6 millionMarch 31, 1985
Equity to assets-2.6%December 31, 1987
Loans not being repaid7.3%noncurrent, December 31, 1987
Return on assets-6.55%a year's rate, December 31, 1987
Staff12full 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.