The Graveyard › Banks › 1990
First National Bank of DeSoto
Desoto, TX · failed May 10, 1990 · FDIC certificate 23699
First National Bank of DeSoto of Desoto, TX failed on May 10, 1990. It opened on January 15, 1982, 8 years before. At its last report before that it held $24.1 million in assets and $26.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $37.3 million. The FDIC estimates that the Bank Insurance Fund lost $8.6 million on it.
1984-031990-03
Assets at the end$24.1 millionlast report before May 10, 1990
Deposits at the end$26.5 million
Estimated loss to the fund$8.6 millionBIF
Largest in the quarterly reports$37.3 millionDecember 31, 1986
Equity to assets-11.2%March 31, 1990
Loans not being repaid21.0%noncurrent, March 31, 1990
Return on assets-10.98%a year's rate, March 31, 1990
Staff21full time, March 31, 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.