The Graveyard › Banks › 1990
First State Bank
Lexington, OK · failed December 13, 1990 · FDIC certificate 9469
First State Bank of Lexington, OK failed on December 13, 1990. It opened on February 21, 1931, 59 years before. At its last report before that it held $7.5 million in assets and $7.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $11.2 million. The FDIC estimates that the Bank Insurance Fund lost $882,935 on it.
1984-031990-09
Assets at the end$7.5 millionlast report before December 13, 1990
Deposits at the end$7.6 million
Estimated loss to the fund$882,935BIF
Largest in the quarterly reports$11.2 millionDecember 31, 1985
Equity to assets-2.4%September 30, 1990
Loans not being repaid9.1%noncurrent, September 30, 1990
Return on assets-5.68%a year's rate, September 30, 1990
Staff5full time, September 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.