The Graveyard › Banks › 1992
First City, Texas - Midland, NA
Midland, TX · failed October 30, 1992 · FDIC certificate 3344
First City, Texas - Midland, NA of Midland, TX failed on October 30, 1992. It opened on July 3, 1903, 89 years before. At its last report before that it held $313.1 million in assets and $290.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $488.6 million. The FDIC's list records no loss to the Bank Insurance Fund.
1984-031992-09
Assets at the end$313.1 millionlast report before October 30, 1992
Deposits at the end$290.0 million
Estimated loss to the fundnone recordedBIF
Largest in the quarterly reports$488.6 millionDecember 31, 1985
Equity to assets6.6%September 30, 1992
Loans not being repaid1.6%noncurrent, September 30, 1992
Return on assets0.20%a year's rate, September 30, 1992
Staff131full time, September 30, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.