The Graveyard › Banks › 1993
First State Bank
Vega, TX · failed April 1, 1993 · FDIC certificate 11890
First State Bank of Vega, TX failed on April 1, 1993. It opened on October 5, 1908, 84 years before. At its last report before that it held $21.4 million in assets and $20.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1992, it held $25.6 million. The FDIC estimates that the Bank Insurance Fund lost $2.8 million on it.
1984-031992-12
Assets at the end$21.4 millionlast report before April 1, 1993
Deposits at the end$20.7 million
Estimated loss to the fund$2.8 millionBIF
Largest in the quarterly reports$25.6 millionJune 30, 1992
Equity to assets1.6%December 31, 1992
Loans not being repaid3.8%noncurrent, December 31, 1992
Return on assets-12.44%a year's rate, December 31, 1992
Staff10full time, December 31, 1992
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million 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.