The Graveyard › Banks › 1988

Town and Country National Bank

Harlingen, TX · failed August 18, 1988 · FDIC certificate 24194

Town and Country National Bank of Harlingen, TX failed on August 18, 1988. It opened on November 8, 1982, 5 years before. At its last report before that it held $29.6 million in assets and $30.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $44.9 million. The FDIC estimates that the FDIC's insurance fund lost $11.1 million on it.

1984-031988-06

Assets at the end$29.6 millionlast report before August 18, 1988

Deposits at the end$30.8 million

Estimated loss to the fund$11.1 millionFDIC

Largest in the quarterly reports$44.9 millionSeptember 30, 1986

Equity to assets-14.7%June 30, 1988

Loans not being repaid21.1%noncurrent, June 30, 1988

Return on assets-18.23%a year's rate, June 30, 1988

Staff20full time, June 30, 1988

On the FDIC's list: TOWN & COUNTRY NATIONAL BANK.

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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.