Bank Failure
Trinity National Bank
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Closed September 15, 1988 · San Antonio, TX · FDIC Cert #24762.
- Closing date
- September 15, 1988
- Headquarters
- San Antonio, TX
- FDIC Certificate
- 24762
- Total assets at closing
- $33.1M
- Total deposits at closing
- $33.8M
- Estimated loss to the insurance fund
- $10.7M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- First NB of Rio Grande C
Context
On September 15, 1988, regulators closed Trinity National Bank, headquartered in San Antonio, TX. At closing, the institution held approximately $33.1M in assets and $33.8M in deposits. The FDIC record names First NB of Rio Grande C as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $10.7M.
By assets at closing this is the 1964th largest of the 3,526 bank failures in the FDIC record, and the 117th of 232 in 1988. 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 Trinity National Bank fail?
Trinity National Bank was closed by regulators on September 15, 1988.
Who acquired Trinity National Bank?
The FDIC record names First NB of Rio Grande C as the acquiring institution in the resolution of Trinity National Bank.
How big was Trinity National Bank when it failed?
Trinity National Bank had approximately $33.1M in total assets and $33.8M in deposits at the time of failure.
Other failures in 1988
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1988 | First Industrial Bank of Rocky Ford | $12.5M |
| Dec 16, 1988 | First Southwest Bank | $9.8M |
| Dec 15, 1988 | Texas National Bank | $37.7M |
| Dec 15, 1988 | First National Bank in Center | $26.1M |
| Dec 15, 1988 | Crescent City Bank & Trust Company | $24.0M |
| Dec 15, 1988 | Texas Bank of Plano | $15.1M |
| Dec 15, 1988 | First National Bank in Bogata | $13.2M |
| Dec 9, 1988 | Silverado S&LA | $2.32B |
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