The Graveyard › Banks › 1988
Tri-Cities Bank & Trust
Glenn Heights, TX · failed June 23, 1988 · FDIC certificate 26356
Tri-Cities Bank & Trust of Glenn Heights, TX failed on June 23, 1988. It opened on August 12, 1985, 2 years before. At its last report before that it held $9.2 million in assets and $10.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $10.1 million. The FDIC estimates that the FDIC's insurance fund lost $4.0 million on it.
1985-091988-03
Assets at the end$9.2 millionlast report before June 23, 1988
Deposits at the end$10.0 million
Estimated loss to the fund$4.0 millionFDIC
Largest in the quarterly reports$10.1 millionDecember 31, 1987
Equity to assets-8.4%March 31, 1988
Loans not being repaid7.8%noncurrent, March 31, 1988
Return on assets-66.04%a year's rate, March 31, 1988
Staff9full time, March 31, 1988
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.