The Graveyard › Banks › 1988
Williston Basin State Bank
Williston, ND · failed January 21, 1988 · FDIC certificate 23042
Williston Basin State Bank of Williston, ND failed on January 21, 1988. It opened on January 2, 1980, 8 years before. At its last report before that it held $14.0 million in assets and $13.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $17.5 million. The FDIC estimates that the FDIC's insurance fund lost $4.4 million on it.
1984-031987-09
Assets at the end$14.0 millionlast report before January 21, 1988
Deposits at the end$13.6 million
Estimated loss to the fund$4.4 millionFDIC
Largest in the quarterly reports$17.5 millionSeptember 30, 1984
Equity to assets1.5%September 30, 1987
Loans not being repaid12.6%noncurrent, September 30, 1987
Return on assets-5.65%a year's rate, September 30, 1987
Staff13full 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.