The Graveyard › Banks › 1990
Citizens National Bank of Walnut Ridge
Walnut Ridge, AR · failed February 2, 1990 · FDIC certificate 16816
Citizens National Bank of Walnut Ridge of Walnut Ridge, AR failed on February 2, 1990. It opened on August 3, 1949, 40 years before. At its last report before that it held $37.5 million in assets and $34.1 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $6.3 million on it.
1984-031989-12
Assets at the end$37.5 millionlast report before February 2, 1990
Deposits at the end$34.1 million
Estimated loss to the fund$6.3 millionBIF
Largest in the quarterly reports$39.0 millionSeptember 30, 1989
Equity to assets3.2%December 31, 1989
Loans not being repaid1.2%noncurrent, December 31, 1989
Return on assets-2.08%a year's rate, December 31, 1989
Staff21full time, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.