The Graveyard › Banks › 1988
Williamstown Bank, N.A.
Houston, TX · failed June 2, 1988 · FDIC certificate 24190
Williamstown Bank, N.A. of Houston, TX failed on June 2, 1988. It opened on November 1, 1982, 5 years before. At its last report before that it held $23.0 million in assets and $22.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $40.5 million. The FDIC estimates that the FDIC's insurance fund lost $5.8 million on it.
1984-031988-03
Assets at the end$23.0 millionlast report before June 2, 1988
Deposits at the end$22.7 million
Estimated loss to the fund$5.8 millionFDIC
Largest in the quarterly reports$40.5 millionJune 30, 1985
Equity to assets-1.9%March 31, 1988
Loans not being repaid8.8%noncurrent, March 31, 1988
Return on assets-6.13%a year's rate, March 31, 1988
Staff20full 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.