The Graveyard › Banks › 1988
Port City Bank
Houston, TX · failed January 28, 1988 · FDIC certificate 16489
Port City Bank of Houston, TX failed on January 28, 1988. It opened on October 4, 1946, 41 years before. At its last report before that it held $60.7 million in assets and $62.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $97.9 million. The FDIC estimates that the FDIC's insurance fund lost $13.2 million on it.
1984-031987-12
Assets at the end$60.7 millionlast report before January 28, 1988
Deposits at the end$62.3 million
Estimated loss to the fund$13.2 millionFDIC
Largest in the quarterly reports$97.9 millionSeptember 30, 1986
Equity to assets-4.7%December 31, 1987
Loans not being repaid19.4%noncurrent, December 31, 1987
Return on assets-10.42%a year's rate, December 31, 1987
Staff58full time, December 31, 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.