The Graveyard › Banks › 1989
First National Bank of Vail
Vail, CO · failed October 5, 1989 · FDIC certificate 25190
First National Bank of Vail of Vail, CO failed on October 5, 1989. It opened on May 15, 1984, 5 years before. At its last report before that it held $3.6 million in assets and $3.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $6.7 million. The FDIC estimates that the Bank Insurance Fund lost $791,564 on it.
1984-061989-06
Assets at the end$3.6 millionlast report before October 5, 1989
Deposits at the end$3.5 million
Estimated loss to the fund$791,564BIF
Largest in the quarterly reports$6.7 millionDecember 31, 1987
Equity to assets1.9%June 30, 1989
Loans not being repaid14.1%noncurrent, June 30, 1989
Return on assets-3.06%a year's rate, June 30, 1989
Staff4full time, June 30, 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.