The Graveyard › Banks › 1991
First State Bank
Weimar, TX · failed April 4, 1991 · FDIC certificate 11576
First State Bank of Weimar, TX failed on April 4, 1991. It opened in 1908, 83 years before. At its last report before that it held $26.0 million in assets and $26.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $30.4 million. The FDIC estimates that the Bank Insurance Fund lost $2.2 million on it.
1984-031990-12
Assets at the end$26.0 millionlast report before April 4, 1991
Deposits at the end$26.2 million
Estimated loss to the fund$2.2 millionBIF
Largest in the quarterly reports$30.4 millionDecember 31, 1986
Equity to assets-1.5%December 31, 1990
Loans not being repaid10.1%noncurrent, December 31, 1990
Return on assets-3.82%a year's rate, December 31, 1990
Staff12full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.