The Graveyard › Banks › 1989
Forestwood National Bank of Dallas
Dallas, TX · failed July 27, 1989 · FDIC certificate 23026
Forestwood National Bank of Dallas of Dallas, TX failed on July 27, 1989. It opened on January 2, 1980, 9 years before. At its last report before that it held $62.0 million in assets and $63.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $107.0 million. The FDIC estimates that the FDIC's insurance fund lost $24.3 million on it.
1984-031989-03
Assets at the end$62.0 millionlast report before July 27, 1989
Deposits at the end$63.2 million
Estimated loss to the fund$24.3 millionFDIC
Largest in the quarterly reports$107.0 millionMarch 31, 1987
Equity to assets-4.0%March 31, 1989
Loans not being repaid19.7%noncurrent, March 31, 1989
Return on assets-10.12%a year's rate, March 31, 1989
Staff37full 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.