The Graveyard › Banks › 1988
United Mercantile Bank
Shreveport, LA · failed January 21, 1988 · FDIC certificate 20650
United Mercantile Bank of Shreveport, LA failed on January 21, 1988. It opened on April 6, 1972, 15 years before. At its last report before that it held $86.3 million in assets and $78.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $104.3 million. The FDIC estimates that the FDIC's insurance fund lost $26.4 million on it.
1984-031987-09
Assets at the end$86.3 millionlast report before January 21, 1988
Deposits at the end$78.2 million
Estimated loss to the fund$26.4 millionFDIC
Largest in the quarterly reports$104.3 millionDecember 31, 1984
Equity to assets1.9%September 30, 1987
Loans not being repaid11.2%noncurrent, September 30, 1987
Return on assets-3.84%a year's rate, September 30, 1987
Staff72full time, September 30, 1987
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.