The Graveyard › Banks › 1989
First Consolidated Bank - Buda
Buda, TX · failed October 20, 1989 · FDIC certificate 24302
First Consolidated Bank - Buda of Buda, TX failed on October 20, 1989. It opened on January 17, 1983, 6 years before. At its last report before that it held $15.0 million in assets and $15.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $21.1 million. The FDIC estimates that the Bank Insurance Fund lost $5.5 million on it.
1984-031989-06
Assets at the end$15.0 millionlast report before October 20, 1989
Deposits at the end$15.2 million
Estimated loss to the fund$5.5 millionBIF
Largest in the quarterly reports$21.1 millionJune 30, 1985
Equity to assets-2.6%June 30, 1989
Loans not being repaid10.0%noncurrent, June 30, 1989
Return on assets-14.10%a year's rate, June 30, 1989
Staff16full time, June 30, 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.