The Graveyard › Banks › 1992
First State Bank
Bangs, TX · failed January 23, 1992 · FDIC certificate 11138
First State Bank of Bangs, TX failed on January 23, 1992. It opened in 1906, 86 years before. At its last report before that it held $16.5 million in assets and $16.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $22.0 million. The FDIC estimates that the Bank Insurance Fund lost $3.0 million on it.
1984-031991-09
Assets at the end$16.5 millionlast report before January 23, 1992
Deposits at the end$16.4 million
Estimated loss to the fund$3.0 millionBIF
Largest in the quarterly reports$22.0 millionJune 30, 1987
Equity to assets-0.0%September 30, 1991
Loans not being repaid4.2%noncurrent, September 30, 1991
Return on assets-2.17%a year's rate, September 30, 1991
Staff13full time, September 30, 1991
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.