The Graveyard › Banks › 1989

Beaumont Bank - National Association

Beaumont, TX · failed October 19, 1989 · FDIC certificate 25061

Beaumont Bank - National Association of Beaumont, TX failed on October 19, 1989. It opened on March 15, 1984, 5 years before. At its last report before that it held $29.2 million in assets and $26.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $36.3 million. The FDIC estimates that the Bank Insurance Fund lost $5.4 million on it.

1984-031989-06

Assets at the end$29.2 millionlast report before October 19, 1989

Deposits at the end$26.9 million

Estimated loss to the fund$5.4 millionBIF

Largest in the quarterly reports$36.3 millionMarch 31, 1985

Equity to assets-0.0%June 30, 1989

Loans not being repaid22.6%noncurrent, June 30, 1989

Return on assets-2.50%a year's rate, June 30, 1989

Staff25full time, June 30, 1989

On the FDIC's list: BEAUMONT BANK-NATIONAL ASSOCIATION.

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Also ended in 1989

Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
City Savings, FSB · Somerset, NJ · $9.8 billion in assets
MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
University Federal Savings · Houston, TX · $4.5 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.