The Graveyard › Banks › 1988

Oak Forest National Bank

Longview · assisted July 15, 1988 · FDIC certificate 25762

Oak Forest National Bank of Longview was given assistance by the FDIC on July 15, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on July 27, 1984, 3 years before. At its last report before that it held $7.4 million in assets and $7.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $16.1 million. The FDIC estimates that the FDIC's insurance fund lost $1.4 million on it.

1984-091988-03

Assets at the end$7.4 millionlast report before July 15, 1988

Deposits at the end$7.7 million

Estimated loss to the fund$1.4 millionFDIC

Largest in the quarterly reports$16.1 millionJune 30, 1986

Equity to assets-4.1%March 31, 1988

Loans not being repaid14.9%noncurrent, March 31, 1988

Return on assets-6.37%a year's rate, March 31, 1988

Staff8full time, March 31, 1988

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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.