The Graveyard › Banks › 1988
Security Bank
Dallas, TX · failed October 20, 1988 · FDIC certificate 25855
Security Bank of Dallas, TX failed on October 20, 1988. It opened on January 2, 1985, 3 years before. At its last report before that it held $21.8 million in assets and $20.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $40.5 million. The FDIC estimates that the FDIC's insurance fund lost $6.6 million on it.
1985-031988-06
Assets at the end$21.8 millionlast report before October 20, 1988
Deposits at the end$20.9 million
Estimated loss to the fund$6.6 millionFDIC
Largest in the quarterly reports$40.5 millionDecember 31, 1986
Equity to assets0.7%June 30, 1988
Loans not being repaid10.0%noncurrent, June 30, 1988
Return on assets-4.61%a year's rate, June 30, 1988
Staff14full time, June 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.