The Graveyard › Banks › 1987
The Southwestern Bank, N.A.
Houston, TX · failed April 9, 1987 · FDIC certificate 24791
The Southwestern Bank, N.A. of Houston, TX failed on April 9, 1987. It opened on October 24, 1983, 3 years before. At its last report before that it held $14.7 million in assets and $14.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $18.3 million. The FDIC estimates that the FDIC's insurance fund lost $5.4 million on it.
1984-031987-03
Assets at the end$14.7 millionlast report before April 9, 1987
Deposits at the end$14.5 million
Estimated loss to the fund$5.4 millionFDIC
Largest in the quarterly reports$18.3 millionSeptember 30, 1986
Equity to assets0.0%March 31, 1987
Loans not being repaid15.4%noncurrent, March 31, 1987
Return on assets-1.14%a year's rate, March 31, 1987
Staff10full time, March 31, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million 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.