The Graveyard › Banks › 1990

First National Bank of Corpus Christi

Corpus Christi, TX · failed August 9, 1990 · FDIC certificate 18623

First National Bank of Corpus Christi of Corpus Christi, TX failed on August 9, 1990. It opened on November 1, 1962, 27 years before. At its last report before that it held $117.0 million in assets and $116.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $162.5 million. The FDIC estimates that the Bank Insurance Fund lost $19.7 million on it.

1984-031990-06

Assets at the end$117.0 millionlast report before August 9, 1990

Deposits at the end$116.5 million

Estimated loss to the fund$19.7 millionBIF

Largest in the quarterly reports$162.5 millionMarch 31, 1989

Equity to assets-2.1%June 30, 1990

Loans not being repaid11.9%noncurrent, June 30, 1990

Return on assets-0.94%a year's rate, June 30, 1990

Staff101full time, June 30, 1990

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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.