The Graveyard › Banks › 1990
Clifton National Bank
Clifton, TX · failed June 7, 1990 · FDIC certificate 25300
Clifton National Bank of Clifton, TX failed on June 7, 1990. It opened on June 14, 1984, 5 years before. At its last report before that it held $12.1 million in assets and $12.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $17.3 million. The FDIC estimates that the Bank Insurance Fund lost $1.6 million on it.
1984-061990-03
Assets at the end$12.1 millionlast report before June 7, 1990
Deposits at the end$12.2 million
Estimated loss to the fund$1.6 millionBIF
Largest in the quarterly reports$17.3 millionJune 30, 1988
Equity to assets-1.1%March 31, 1990
Loans not being repaid2.3%noncurrent, March 31, 1990
Return on assets-8.84%a year's rate, March 31, 1990
Staff7full time, March 31, 1990
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.