The Graveyard › Banks › 1991

American Bank, National Association

Rio Rancho, NM · failed January 22, 1991 · FDIC certificate 23221

American Bank, National Association of Rio Rancho, NM failed on January 22, 1991. It opened on October 14, 1980, 10 years before. At its last report before that it held $20.7 million in assets and $23.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $31.3 million. The FDIC estimates that the Bank Insurance Fund lost $10.9 million on it.

1984-031990-09

Assets at the end$20.7 millionlast report before January 22, 1991

Deposits at the end$23.3 million

Estimated loss to the fund$10.9 millionBIF

Largest in the quarterly reports$31.3 millionDecember 31, 1984

Equity to assets-17.1%September 30, 1990

Loans not being repaid20.9%noncurrent, September 30, 1990

Return on assets-34.34%a year's rate, September 30, 1990

Staff18full time, September 30, 1990

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Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 billion in assets

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.