The Graveyard › Banks › 1990
First National Bank of Jackson
Jackson, TN · failed October 25, 1990 · FDIC certificate 4976
First National Bank of Jackson of Jackson, TN failed on October 25, 1990. It opened on April 2, 1923, 67 years before. At its last report before that it held $73.7 million in assets and $69.9 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $5.2 million on it.
1984-031990-06
Assets at the end$73.7 millionlast report before October 25, 1990
Deposits at the end$69.9 million
Estimated loss to the fund$5.2 millionBIF
Largest in the quarterly reports$73.7 millionJune 30, 1990
Equity to assets4.2%June 30, 1990
Loans not being repaid1.6%noncurrent, June 30, 1990
Return on assets-0.39%a year's rate, June 30, 1990
Staff42full time, June 30, 1990
Also ended in 1990
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- 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.