The Graveyard › Banks › 1989
First Consolidated Bank - Rosebud
Rosebud, TX · failed October 20, 1989 · FDIC certificate 5498
First Consolidated Bank - Rosebud of Rosebud, TX failed on October 20, 1989. It opened in 1900, 89 years before. At its last report before that it held $17.1 million in assets and $16.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $23.3 million. The FDIC estimates that the Bank Insurance Fund lost $4.5 million on it.
1984-031989-06
Assets at the end$17.1 millionlast report before October 20, 1989
Deposits at the end$16.5 million
Estimated loss to the fund$4.5 millionBIF
Largest in the quarterly reports$23.3 millionDecember 31, 1984
Equity to assets2.9%June 30, 1989
Loans not being repaid6.1%noncurrent, June 30, 1989
Return on assets-6.92%a year's rate, June 30, 1989
Staff13full 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.