The Graveyard › Banks › 1986
The First National Bank of Gorman
Gorman, TX · failed February 27, 1986 · FDIC certificate 3224
The First National Bank of Gorman of Gorman, TX failed on February 27, 1986. It opened in 1900, 86 years before. At its last report before that it held $14.5 million in assets and $13.6 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $5.7 million on it.
1984-031985-12
Assets at the end$14.5 millionlast report before February 27, 1986
Deposits at the end$13.6 million
Estimated loss to the fund$5.7 millionFDIC
Equity to assets2.0%December 31, 1985
Loans not being repaid18.4%noncurrent, December 31, 1985
Return on assets-2.11%a year's rate, December 31, 1985
Staff15full time, December 31, 1985
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.