The Graveyard › Banks › 1990
First National Bank of Garland
Garland, TX · failed March 29, 1990 · FDIC certificate 24014
First National Bank of Garland of Garland, TX failed on March 29, 1990. It opened on August 5, 1982, 7 years before. At its last report before that it held $9.4 million in assets and $10.1 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $2.3 million on it.
1984-031989-12
Assets at the end$9.4 millionlast report before March 29, 1990
Deposits at the end$10.1 million
Estimated loss to the fund$2.3 millionBIF
Equity to assets-8.0%December 31, 1989
Loans not being repaid6.8%noncurrent, December 31, 1989
Return on assets-12.32%a year's rate, December 31, 1989
Staff16full time, December 31, 1989
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.