The Graveyard › Banks › 1989
First State Bank
Rogers, TX · failed March 23, 1989 · FDIC certificate 15903
First State Bank of Rogers, TX failed on March 23, 1989. It opened on June 17, 1942, 46 years before. At its last report before that it held $9.0 million in assets and $9.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $11.3 million. The FDIC estimates that the FDIC's insurance fund lost $2.9 million on it.
1984-031988-12
Assets at the end$9.0 millionlast report before March 23, 1989
Deposits at the end$9.2 million
Estimated loss to the fund$2.9 millionFDIC
Largest in the quarterly reports$11.3 millionMarch 31, 1986
Equity to assets-3.2%December 31, 1988
Loans not being repaid7.4%noncurrent, December 31, 1988
Return on assets-11.25%a year's rate, December 31, 1988
Staff9full time, December 31, 1988
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.