The Graveyard › Banks › 1989
Bright Banc
Dallas, TX · failed February 10, 1989 · FDIC certificate 31095
Bright Banc of Dallas, TX failed on February 10, 1989. It opened in 1958, 31 years before. At its last report before that it held $4.4 billion in assets and $3.0 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $4.7 billion. The FDIC estimates that the Resolution Trust Corporation lost $1.3 billion on it.
1984-031988-12
Assets at the end$4.4 billionlast report before February 10, 1989
Deposits at the end$3.0 billion
Estimated loss to the fund$1.3 billionRTC
Largest in the quarterly reports$4.7 billionJune 30, 1987
Equity to assets-11.5%December 31, 1988
Loans not being repaid8.6%noncurrent, December 31, 1988
Return on assets-6.78%a year's rate, December 31, 1988
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.