The Graveyard › Banks › 1986
Petrobank, N.A.
Houston, TX · failed June 12, 1986 · FDIC certificate 24296
Petrobank, N.A. of Houston, TX failed on June 12, 1986. It opened on January 3, 1983, 3 years before. At its last report before that it held $35.5 million in assets and $34.6 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $12.6 million on it.
1984-031986-03
Assets at the end$35.5 millionlast report before June 12, 1986
Deposits at the end$34.6 million
Estimated loss to the fund$12.6 millionFDIC
Largest in the quarterly reports$35.5 millionMarch 31, 1986
Equity to assets1.0%March 31, 1986
Loans not being repaid18.8%noncurrent, March 31, 1986
Return on assets-8.06%a year's rate, March 31, 1986
Staff20full 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.