The Graveyard › Banks › 1991

Rockport Bank, National Association

Aransas County, TX · failed January 31, 1991 · FDIC certificate 25815

Rockport Bank, National Association of Aransas County, TX failed on January 31, 1991. It opened on December 7, 1984, 6 years before. At its last report before that it held $17.8 million in assets and $18.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $25.7 million. The FDIC estimates that the Bank Insurance Fund lost $3.0 million on it.

1984-121990-12

Assets at the end$17.8 millionlast report before January 31, 1991

Deposits at the end$18.0 million

Estimated loss to the fund$3.0 millionBIF

Largest in the quarterly reports$25.7 millionJune 30, 1989

Equity to assets-2.3%December 31, 1990

Loans not being repaid7.8%noncurrent, December 31, 1990

Return on assets-5.48%a year's rate, December 31, 1990

Staff11full time, December 31, 1990

Take today's blind test

Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 billion 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.