The Graveyard › Banks › 1989
First Consolidated Bank - Ferris
Ferris, TX · failed October 20, 1989 · FDIC certificate 1187
First Consolidated Bank - Ferris of Ferris, TX failed on October 20, 1989. It opened on January 23, 1906, 83 years before. At its last report before that it held $12.0 million in assets and $11.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $16.3 million. The FDIC estimates that the Bank Insurance Fund lost $3.2 million on it.
1984-031989-06
Assets at the end$12.0 millionlast report before October 20, 1989
Deposits at the end$11.2 million
Estimated loss to the fund$3.2 millionBIF
Largest in the quarterly reports$16.3 millionJune 30, 1985
Equity to assets6.0%June 30, 1989
Loans not being repaid10.4%noncurrent, June 30, 1989
Return on assets0.17%a year's rate, June 30, 1989
Staff11full 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.