The Graveyard › Banks › 1988
The Bank of Louisburg
Louisburg, KS · failed February 3, 1988 · FDIC certificate 5832
The Bank of Louisburg of Louisburg, KS failed on February 3, 1988. It opened in 1880, 108 years before. At its last report before that it held $20.7 million in assets and $20.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $30.7 million. The FDIC estimates that the FDIC's insurance fund lost $4.4 million on it.
1984-031987-12
Assets at the end$20.7 millionlast report before February 3, 1988
Deposits at the end$20.5 million
Estimated loss to the fund$4.4 millionFDIC
Largest in the quarterly reports$30.7 millionMarch 31, 1986
Equity to assets-0.4%December 31, 1987
Loans not being repaid12.5%noncurrent, December 31, 1987
Return on assets-5.38%a year's rate, December 31, 1987
Staff13full time, December 31, 1987
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.