The Graveyard › Banks › 1988
Resource Bank, N.A.
Houston, TX · failed December 8, 1988 · FDIC certificate 24664
Resource Bank, N.A. of Houston, TX failed on December 8, 1988. It opened on August 15, 1983, 5 years before. At its last report before that it held $34.7 million in assets and $37.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $37.9 million. The FDIC estimates that the FDIC's insurance fund lost $12.4 million on it.
1984-031988-09
Assets at the end$34.7 millionlast report before December 8, 1988
Deposits at the end$37.3 million
Estimated loss to the fund$12.4 millionFDIC
Largest in the quarterly reports$37.9 millionJune 30, 1988
Equity to assets-9.3%September 30, 1988
Loans not being repaid18.8%noncurrent, September 30, 1988
Return on assets-3.00%a year's rate, September 30, 1988
Staff16full time, September 30, 1988
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.