The Graveyard › Banks › 1989

First Consolidated Bank - Pleasant Run

Lancaster, TX · failed October 20, 1989 · FDIC certificate 25782

First Consolidated Bank - Pleasant Run of Lancaster, TX failed on October 20, 1989. It opened on November 15, 1984, 4 years before. At its last report before that it held $19.3 million in assets and $19.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $27.5 million. The FDIC estimates that the Bank Insurance Fund lost $6.1 million on it.

1984-121989-06

Assets at the end$19.3 millionlast report before October 20, 1989

Deposits at the end$19.8 million

Estimated loss to the fund$6.1 millionBIF

Largest in the quarterly reports$27.5 millionMarch 31, 1986

Equity to assets-4.5%June 30, 1989

Loans not being repaid7.3%noncurrent, June 30, 1989

Return on assets-19.62%a year's rate, June 30, 1989

Staff27full time, June 30, 1989

Take today's blind test

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.