The Graveyard › Banks › 1989
First American Bank
San Antonio, TX · failed June 8, 1989 · FDIC certificate 26547
First American Bank of San Antonio, TX failed on June 8, 1989. It opened on February 20, 1986, 3 years before. At its last report before that it held $13.3 million in assets and $13.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $18.1 million. The FDIC estimates that the FDIC's insurance fund lost $3.1 million on it.
1986-031989-03
Assets at the end$13.3 millionlast report before June 8, 1989
Deposits at the end$13.6 million
Estimated loss to the fund$3.1 millionFDIC
Largest in the quarterly reports$18.1 millionJune 30, 1988
Equity to assets-4.4%March 31, 1989
Loans not being repaid6.0%noncurrent, March 31, 1989
Return on assets-19.98%a year's rate, March 31, 1989
Staff15full time, March 31, 1989
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.