Bank Failure
First Bank & Trust Co.
BankRegReports is independent of First Bank & Trust Co. and never asks for online banking logins or passwords.
Closed December 18, 1986 · Booker, TX · FDIC Cert #12294.
- Closing date
- December 18, 1986
- Headquarters
- Booker, TX
- FDIC Certificate
- 12294
- Total assets at closing
- $94.9M
- Total deposits at closing
- $84.6M
- Estimated loss to the insurance fund
- $35.8M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- First NB of Perryton
Context
On December 18, 1986, regulators closed First Bank & Trust Co., headquartered in Booker, TX. At closing, the institution held approximately $94.9M in assets and $84.6M in deposits. The FDIC record names First NB of Perryton as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $35.8M.
By assets at closing this is the 1234th largest of the 3,526 bank failures in the FDIC record, and the 26th of 162 in 1986. 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 First Bank & Trust Co. fail?
First Bank & Trust Co. was closed by regulators on December 18, 1986.
Who acquired First Bank & Trust Co.?
The FDIC record names First NB of Perryton as the acquiring institution in the resolution of First Bank & Trust Co.
How big was First Bank & Trust Co. when it failed?
First Bank & Trust Co. had approximately $94.9M in total assets and $84.6M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
| Dec 5, 1986 | Firstsouth FS&LA | $1.68B |
Explore: all failures · TX bank events · 1986 events · events hub