The Graveyard › Banks › 1986
Permian Bank
Odessa, TX · failed July 18, 1986 · FDIC certificate 20355
Permian Bank of Odessa, TX failed on July 18, 1986. It opened on January 29, 1971, 15 years before. At its last report before that it held $41.2 million in assets and $38.4 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $10.4 million on it.
1984-031986-03
Assets at the end$41.2 millionlast report before July 18, 1986
Deposits at the end$38.4 million
Estimated loss to the fund$10.4 millionFDIC
Equity to assets4.9%March 31, 1986
Loans not being repaid13.3%noncurrent, March 31, 1986
Return on assets-4.73%a year's rate, March 31, 1986
Staff44full time, March 31, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 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.