The Graveyard › Banks › 1988
Unity Bank
Dayton, OH · failed April 22, 1988 · FDIC certificate 20229
Unity Bank of Dayton, OH failed on April 22, 1988. It opened on August 10, 1970, 17 years before. At its last report before that it held $7.1 million in assets and $6.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $13.8 million. The FDIC estimates that the FDIC's insurance fund lost $1.9 million on it.
1984-031987-12
Assets at the end$7.1 millionlast report before April 22, 1988
Deposits at the end$6.7 million
Estimated loss to the fund$1.9 millionFDIC
Largest in the quarterly reports$13.8 millionJune 30, 1987
Equity to assets4.3%December 31, 1987
Loans not being repaid17.5%noncurrent, December 31, 1987
Return on assets-0.52%a year's rate, December 31, 1987
Staff12full time, December 31, 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.