The Graveyard › Banks › 1996

Peoples Bank and Trust

Borger, TX · failed May 31, 1996 · FDIC certificate 18662

Peoples Bank and Trust of Borger, TX failed on May 31, 1996. It opened on December 1, 1962, 33 years before. At its last report before that it held $22.7 million in assets and $22.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1991, it held $34.6 million. The FDIC estimates that the Bank Insurance Fund lost $3.4 million on it.

1984-031996-03

Assets at the end$22.7 millionlast report before May 31, 1996

Deposits at the end$22.3 million

Estimated loss to the fund$3.4 millionBIF

Largest in the quarterly reports$34.6 millionSeptember 30, 1991

Equity to assets1.5%March 31, 1996

Loans not being repaid27.6%noncurrent, March 31, 1996

Return on assets-1.78%a year's rate, March 31, 1996

Staff23full time, March 31, 1996

On the FDIC's list: PEOPLE'S BANK & TRUST.

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Also ended in 1996

First NB of the Panhandle · Panhandle, TX · $68.1 million in assets
Fairfield First Bank & Trust Co · Southport, CT · $57.3 million in assets
Metrobank of Philadelphia · Philadelphia, PA · $40.4 million in assets
Union Federal Bank, FSB · Los Angeles, CA · $32.6 million in assets
Commonwealth Thrift and Loan · Torrance, CA · $11.5 million in assets

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.