The Graveyard › Banks › 1988
Union Bank & Trust of Dallas
Dallas, TX · failed May 5, 1988 · FDIC certificate 22284
Union Bank & Trust of Dallas of Dallas, TX failed on May 5, 1988. It opened on June 15, 1976, 11 years before. At its last report before that it held $36.7 million in assets and $38.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $58.6 million. The FDIC estimates that the FDIC's insurance fund lost $8.3 million on it.
1984-031988-03
Assets at the end$36.7 millionlast report before May 5, 1988
Deposits at the end$38.5 million
Estimated loss to the fund$8.3 millionFDIC
Largest in the quarterly reports$58.6 millionJune 30, 1986
Equity to assets-5.6%March 31, 1988
Loans not being repaid19.1%noncurrent, March 31, 1988
Return on assets-27.13%a year's rate, March 31, 1988
Staff24full 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.