The Graveyard › Banks › 1989
Citizens Bank
Houston, TX · failed February 9, 1989 · FDIC certificate 17326
Citizens Bank of Houston, TX failed on February 9, 1989. It opened on May 22, 1954, 34 years before. At its last report before that it held $100.1 million in assets and $102.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $147.9 million. The FDIC estimates that the FDIC's insurance fund lost $28.6 million on it.
1984-031988-12
Assets at the end$100.1 millionlast report before February 9, 1989
Deposits at the end$102.1 million
Estimated loss to the fund$28.6 millionFDIC
Largest in the quarterly reports$147.9 millionMarch 31, 1985
Equity to assets-4.5%December 31, 1988
Loans not being repaid23.7%noncurrent, December 31, 1988
Return on assets-10.06%a year's rate, December 31, 1988
Staff59full time, 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.