Hindsight Market

The Graveyard › 1992

First City Bancorp Tex-del

FBT · Banks · NYSE · in our data July 20, 1988 to November 3, 1992 (4.3 years)

The first trading day in our data for First City Bancorp Tex-del is July 20, 1988 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on June 7, 1990, the market valued it at $625 million. It ended in a collapse: the last trade was $0.12, -99.7% from its split-adjusted high. The delisting record says: likely failure.

1988-071992-11
Peak market value$625 millionJune 7, 1990
Highest split-adjusted share price$36.67October 6, 1989
Last share price$0.12November 3, 1992
From its split-adjusted high to the end-99.7%
Return over the days in our data-99.4%with dividends, before the last trade
Worst single day-73.3%November 2, 1992

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1988.

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Also gone in 1992: Banks