The Graveyard › Banks › 1989
Bennett National Bank
Bennett, CO · failed July 13, 1989 · FDIC certificate 24741
Bennett National Bank of Bennett, CO failed on July 13, 1989. It opened on August 25, 1983, 5 years before. At its last report before that it held $8.3 million in assets and $8.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $9.8 million. The FDIC estimates that the FDIC's insurance fund lost $2.8 million on it.
1984-031989-03
Assets at the end$8.3 millionlast report before July 13, 1989
Deposits at the end$8.0 million
Estimated loss to the fund$2.8 millionFDIC
Largest in the quarterly reports$9.8 millionJune 30, 1988
Equity to assets2.6%March 31, 1989
Loans not being repaid16.1%noncurrent, March 31, 1989
Return on assets-9.38%a year's rate, March 31, 1989
Staff8full time, March 31, 1989
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.