The Graveyard › Banks › 1990
First SB of Hempstead
Hempstead, TX · failed September 14, 1990 · FDIC certificate 32590
First SB of Hempstead of Hempstead, TX failed on September 14, 1990. It opened on May 26, 1988, 2 years before. At its last report before that it held $35.4 million in assets and $30.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $47.6 million. The FDIC estimates that the Resolution Trust Corporation lost $1.7 million on it.
1988-061990-06
Assets at the end$35.4 millionlast report before September 14, 1990
Deposits at the end$30.9 million
Estimated loss to the fund$1.7 millionRTC
Largest in the quarterly reports$47.6 millionSeptember 30, 1988
Equity to assets-0.7%June 30, 1990
Loans not being repaid1.0%noncurrent, June 30, 1990
Return on assets-7.76%a year's rate, June 30, 1990
Staff14full time, June 30, 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.