The Graveyard › Banks › 1990
First Bank & Trust Company
Cedar Hill, TX · failed April 5, 1990 · FDIC certificate 18793
First Bank & Trust Company of Cedar Hill, TX failed on April 5, 1990. It opened on June 8, 1963, 26 years before. At its last report before that it held $13.8 million in assets and $13.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $22.0 million. The FDIC estimates that the Bank Insurance Fund lost $1.7 million on it.
1984-031989-12
Assets at the end$13.8 millionlast report before April 5, 1990
Deposits at the end$13.1 million
Estimated loss to the fund$1.7 millionBIF
Largest in the quarterly reports$22.0 millionJune 30, 1989
Equity to assets2.4%December 31, 1989
Loans not being repaid14.0%noncurrent, December 31, 1989
Return on assets-5.67%a year's rate, December 31, 1989
Staff16full 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.