The Graveyard › Banks › 1986
Texas Independence Bank
Pasadena, TX · failed September 18, 1986 · FDIC certificate 21149
Texas Independence Bank of Pasadena, TX failed on September 18, 1986. It opened on July 5, 1973, 13 years before. At its last report before that it held $12.3 million in assets and $12.0 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $3.2 million on it.
1984-031986-06
Assets at the end$12.3 millionlast report before September 18, 1986
Deposits at the end$12.0 million
Estimated loss to the fund$3.2 millionFDIC
Equity to assets0.4%June 30, 1986
Loans not being repaid12.2%noncurrent, June 30, 1986
Return on assets-7.53%a year's rate, June 30, 1986
Staff19full 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.