The Graveyard › Banks › 1990
First National Bank of Grand Saline
Grand Saline, TX · failed May 10, 1990 · FDIC certificate 16108
First National Bank of Grand Saline of Grand Saline, TX failed on May 10, 1990. It opened on December 13, 1943, 46 years before. At its last report before that it held $28.6 million in assets and $28.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $39.6 million. The FDIC estimates that the Bank Insurance Fund lost $6.3 million on it.
1984-031990-03
Assets at the end$28.6 millionlast report before May 10, 1990
Deposits at the end$28.7 million
Estimated loss to the fund$6.3 millionBIF
Largest in the quarterly reports$39.6 millionMarch 31, 1986
Equity to assets-0.9%March 31, 1990
Loans not being repaid7.2%noncurrent, March 31, 1990
Return on assets-0.16%a year's rate, March 31, 1990
Staff25full 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.