The Graveyard › Banks › 1989
First National Bank of Cedar Park
Cedar Park, TX · failed January 19, 1989 · FDIC certificate 23350
First National Bank of Cedar Park of Cedar Park, TX failed on January 19, 1989. It opened on February 2, 1981, 7 years before. At its last report before that it held $18.6 million in assets and $18.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $25.8 million. The FDIC estimates that the FDIC's insurance fund lost $6.9 million on it.
1984-031988-09
Assets at the end$18.6 millionlast report before January 19, 1989
Deposits at the end$18.9 million
Estimated loss to the fund$6.9 millionFDIC
Largest in the quarterly reports$25.8 millionJune 30, 1986
Equity to assets-2.6%September 30, 1988
Loans not being repaid22.0%noncurrent, September 30, 1988
Return on assets-3.18%a year's rate, September 30, 1988
Staff17full 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.