The Graveyard › Banks › 1990
First Fsa of Nacogdoches
Nacogdoches, TX · failed November 30, 1990 · FDIC certificate 28821
First Fsa of Nacogdoches of Nacogdoches, TX failed on November 30, 1990. It opened in 1933, 57 years before. At its last report before that it held $61.9 million in assets and $51.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $79.9 million. The FDIC estimates that the Resolution Trust Corporation lost $22.3 million on it.
1984-031990-09
Assets at the end$61.9 millionlast report before November 30, 1990
Deposits at the end$51.8 million
Estimated loss to the fund$22.3 millionRTC
Largest in the quarterly reports$79.9 millionMarch 31, 1989
Equity to assets0.0%September 30, 1990
Loans not being repaid5.3%noncurrent, September 30, 1990
Return on assets-1.18%a year's rate, September 30, 1990
Staff22full time, September 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.