The Graveyard › Banks › 1987

Unitedbank - Houston

Houston, TX · failed April 30, 1987 · FDIC certificate 18595

Unitedbank - Houston of Houston, TX failed on April 30, 1987. It opened on October 11, 1962, 24 years before. At its last report before that it held $217.3 million in assets and $183.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $301.1 million. The FDIC estimates that the FDIC's insurance fund lost $110.8 million on it.

1984-031987-03

Assets at the end$217.3 millionlast report before April 30, 1987

Deposits at the end$183.4 million

Estimated loss to the fund$110.8 millionFDIC

Largest in the quarterly reports$301.1 millionDecember 31, 1984

Equity to assets-0.2%March 31, 1987

Loans not being repaid24.8%noncurrent, March 31, 1987

Return on assets-6.16%a year's rate, March 31, 1987

Staff124full time, March 31, 1987

On the FDIC's list: UNITEDBANK-HOUSTON.

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Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million 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.