The Graveyard › Banks › 1988
Southwest National Bank
Houston, TX · failed November 3, 1988 · FDIC certificate 26220
Southwest National Bank of Houston, TX failed on November 3, 1988. It opened on April 25, 1985, 3 years before. At its last report before that it held $14.0 million in assets and $16.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $19.6 million. The FDIC estimates that the FDIC's insurance fund lost $4.1 million on it.
1985-061988-09
Assets at the end$14.0 millionlast report before November 3, 1988
Deposits at the end$16.1 million
Estimated loss to the fund$4.1 millionFDIC
Largest in the quarterly reports$19.6 millionJune 30, 1987
Equity to assets-15.9%September 30, 1988
Loans not being repaid1.8%noncurrent, September 30, 1988
Return on assets-24.13%a year's rate, September 30, 1988
Staff14full 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.