The Graveyard › Banks › 1988
The North American Bank
Phoenix, AZ · failed January 8, 1988 · FDIC certificate 23931
The North American Bank of Phoenix, AZ failed on January 8, 1988. It opened on August 2, 1982, 5 years before. At its last report before that it held $32.3 million in assets and $30.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $48.4 million. The FDIC estimates that the FDIC's insurance fund lost $3.6 million on it.
1984-031987-09
Assets at the end$32.3 millionlast report before January 8, 1988
Deposits at the end$30.7 million
Estimated loss to the fund$3.6 millionFDIC
Largest in the quarterly reports$48.4 millionJune 30, 1985
Equity to assets1.2%September 30, 1987
Loans not being repaid18.1%noncurrent, September 30, 1987
Return on assets-7.07%a year's rate, September 30, 1987
Staff27full time, September 30, 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.