The Graveyard › Banks › 1989
Citizens Bank Houston
Houston, TX · failed February 9, 1989 · FDIC certificate 22233
Citizens Bank Houston of Houston, TX failed on February 9, 1989. It opened on March 2, 1976, 12 years before. At its last report before that it held $40.2 million in assets and $37.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $61.4 million. The FDIC estimates that the FDIC's insurance fund lost $17.0 million on it.
1984-031988-12
Assets at the end$40.2 millionlast report before February 9, 1989
Deposits at the end$37.1 million
Estimated loss to the fund$17.0 millionFDIC
Largest in the quarterly reports$61.4 millionMarch 31, 1985
Equity to assets-13.2%December 31, 1988
Loans not being repaid25.8%noncurrent, December 31, 1988
Return on assets-14.72%a year's rate, December 31, 1988
Staff27full 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.