The Graveyard › Banks › 1989
Citizens State Bank
Earth, TX · failed January 26, 1989 · FDIC certificate 17063
Citizens State Bank of Earth, TX failed on January 26, 1989. It opened on December 10, 1951, 37 years before. At its last report before that it held $15.6 million in assets and $14.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $16.9 million. The FDIC estimates that the FDIC's insurance fund lost $4.3 million on it.
1984-031988-12
Assets at the end$15.6 millionlast report before January 26, 1989
Deposits at the end$14.9 million
Estimated loss to the fund$4.3 millionFDIC
Largest in the quarterly reports$16.9 millionDecember 31, 1987
Equity to assets3.1%December 31, 1988
Loans not being repaid14.2%noncurrent, December 31, 1988
Return on assets-0.70%a year's rate, December 31, 1988
Staff11full 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.