The Graveyard › Banks › 1992
First City, Texas - Sour Lake
Sour Lake, TX · failed October 30, 1992 · FDIC certificate 11914
First City, Texas - Sour Lake of Sour Lake, TX failed on October 30, 1992. It opened on February 15, 1909, 83 years before. At its last report before that it held $53.5 million in assets and $48.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1991, it held $73.0 million. The FDIC's list records no loss to the Bank Insurance Fund.
1984-031992-09
Assets at the end$53.5 millionlast report before October 30, 1992
Deposits at the end$48.8 million
Estimated loss to the fundnone recordedBIF
Largest in the quarterly reports$73.0 millionJune 30, 1991
Equity to assets7.8%September 30, 1992
Loans not being repaid0.1%noncurrent, September 30, 1992
Return on assets0.70%a year's rate, September 30, 1992
Staff13full 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.