The Graveyard › Banks › 1989
First National Bank of Richardson
Richardson, TX · failed June 30, 1989 · FDIC certificate 19069
First National Bank of Richardson of Richardson, TX failed on June 30, 1989. It opened on March 27, 1964, 25 years before. At its last report before that it held $44.5 million in assets and $46.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $64.1 million. The FDIC estimates that the FDIC's insurance fund lost $8.8 million on it.
1984-031989-03
Assets at the end$44.5 millionlast report before June 30, 1989
Deposits at the end$46.7 million
Estimated loss to the fund$8.8 millionFDIC
Largest in the quarterly reports$64.1 millionMarch 31, 1986
Equity to assets-5.7%March 31, 1989
Loans not being repaid13.7%noncurrent, March 31, 1989
Return on assets-23.09%a year's rate, March 31, 1989
Staff36full time, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.