The Graveyard › Banks › 1988

Union Bank and Trust Company

Oklahoma City, OK · failed March 31, 1988 · FDIC certificate 17112

Union Bank and Trust Company of Oklahoma City, OK failed on March 31, 1988. It opened on May 26, 1952, 35 years before. At its last report before that it held $182.5 million in assets and $181.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $282.7 million. The FDIC estimates that the FDIC's insurance fund lost $11.1 million on it.

1984-031987-12

Assets at the end$182.5 millionlast report before March 31, 1988

Deposits at the end$181.8 million

Estimated loss to the fund$11.1 millionFDIC

Largest in the quarterly reports$282.7 millionDecember 31, 1984

Equity to assets-0.7%December 31, 1987

Loans not being repaid13.8%noncurrent, December 31, 1987

Return on assets0.00%a year's rate, December 31, 1987

Staff91full time, December 31, 1987

On the FDIC's list: UNION BANK & TRUST COMPANY.

Could you have seen it coming? Play Black Monday

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.