The Graveyard › Banks › 1986
Texas Bank & Trust Company
Lubbock, TX · failed September 19, 1986 · FDIC certificate 21038
Texas Bank & Trust Company of Lubbock, TX failed on September 19, 1986. It opened on April 16, 1973, 13 years before. At its last report before that it held $39.3 million in assets and $35.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $46.9 million. The FDIC estimates that the FDIC's insurance fund lost $11.8 million on it.
1984-031986-06
Assets at the end$39.3 millionlast report before September 19, 1986
Deposits at the end$35.8 million
Estimated loss to the fund$11.8 millionFDIC
Largest in the quarterly reports$46.9 millionDecember 31, 1984
Equity to assets0.3%June 30, 1986
Loans not being repaid12.2%noncurrent, June 30, 1986
Return on assets-8.33%a year's rate, June 30, 1986
Staff48full time, June 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.