The Graveyard › Banks › 1989
First Continental National Bank
Houston, TX · failed February 15, 1989 · FDIC certificate 24359
First Continental National Bank of Houston, TX failed on February 15, 1989. It opened on February 14, 1983, 6 years before. At its last report before that it held $9.0 million in assets and $8.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $18.3 million. The FDIC estimates that the FDIC's insurance fund lost $2.1 million on it.
1984-031988-09
Assets at the end$9.0 millionlast report before February 15, 1989
Deposits at the end$8.5 million
Estimated loss to the fund$2.1 millionFDIC
Largest in the quarterly reports$18.3 millionMarch 31, 1986
Equity to assets3.7%September 30, 1988
Loans not being repaid14.2%noncurrent, September 30, 1988
Return on assets-6.98%a year's rate, September 30, 1988
Staff7full time, September 30, 1988
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.