Bank Failure
Federated National Bank
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Closed February 12, 1987 · Live Oak, TX · FDIC Cert #25193.
- Closing date
- February 12, 1987
- Headquarters
- Live Oak, TX
- FDIC Certificate
- 25193
- Total assets at closing
- $13.6M
- Total deposits at closing
- $12.4M
- Estimated loss to the insurance fund
- $4.9M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
Context
On February 12, 1987, regulators closed Federated National Bank, headquartered in Live Oak, TX. At closing, the institution held approximately $13.6M in assets and $12.4M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the FDIC insurance fund was approximately $4.9M.
By assets at closing this is the 2601st largest of the 3,526 bank failures in the FDIC record, and the 147th of 217 in 1987. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Federated National Bank fail?
Federated National Bank was closed by regulators on February 12, 1987.
How big was Federated National Bank when it failed?
Federated National Bank had approximately $13.6M in total assets and $12.4M in deposits at the time of failure.
Other failures in 1987
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1987 | First State Bank at Shoshoni | $4.6M |
| Dec 17, 1987 | Usbank | $86.0M |
| Dec 17, 1987 | Bank of Mabank | $43.8M |
| Dec 17, 1987 | American Bank of Commerce | $35.5M |
| Dec 11, 1987 | First Interstate Bank of Alaska | $367.7M |
| Dec 11, 1987 | Lewis and Clark State Bank | $20.3M |
| Dec 10, 1987 | Heritage National Bank | $53.2M |
| Dec 10, 1987 | Bancfirst-Austin, N.A. | $25.3M |
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