The Graveyard › Banks › 1989
First State Bank
Deanville, TX · failed April 20, 1989 · FDIC certificate 17020
First State Bank of Deanville, TX failed on April 20, 1989. It opened in 1919, 70 years before. At its last report before that it held $9.4 million in assets and $9.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $12.2 million. The FDIC estimates that the FDIC's insurance fund lost $1.3 million on it.
1984-031989-03
Assets at the end$9.4 millionlast report before April 20, 1989
Deposits at the end$9.3 million
Estimated loss to the fund$1.3 millionFDIC
Largest in the quarterly reports$12.2 millionMarch 31, 1986
Equity to assets0.0%March 31, 1989
Loans not being repaid5.2%noncurrent, March 31, 1989
Return on assets-11.56%a year's rate, March 31, 1989
Staff8full time, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.