The Graveyard › Banks › 1990
Cove State Bank
Copperas Cove, TX · failed April 19, 1990 · FDIC certificate 18110
Cove State Bank of Copperas Cove, TX failed on April 19, 1990. It opened on November 21, 1959, 30 years before. At its last report before that it held $37.3 million in assets and $37.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $43.6 million. The FDIC estimates that the Bank Insurance Fund lost $6.0 million on it.
1984-031989-12
Assets at the end$37.3 millionlast report before April 19, 1990
Deposits at the end$37.5 million
Estimated loss to the fund$6.0 millionBIF
Largest in the quarterly reports$43.6 millionSeptember 30, 1988
Equity to assets-1.6%December 31, 1989
Loans not being repaid12.3%noncurrent, December 31, 1989
Return on assets-5.10%a year's rate, December 31, 1989
Staff35full 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.