The Graveyard › Banks › 1988
Oak Park Bank
Oak Park Heights, MN · failed April 29, 1988 · FDIC certificate 21787
Oak Park Bank of Oak Park Heights, MN failed on April 29, 1988. It opened on October 7, 1974, 13 years before. At its last report before that it held $21.1 million in assets and $19.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $22.3 million. The FDIC estimates that the FDIC's insurance fund lost $5.9 million on it.
1984-031987-09
Assets at the end$21.1 millionlast report before April 29, 1988
Deposits at the end$19.7 million
Estimated loss to the fund$5.9 millionFDIC
Largest in the quarterly reports$22.3 millionDecember 31, 1986
Equity to assets5.9%September 30, 1987
Loans not being repaid12.5%noncurrent, September 30, 1987
Return on assets-0.13%a year's rate, September 30, 1987
Staff18full time, September 30, 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.