The Graveyard › Banks › 1990
Gateway National Bank
Phoenix, AZ · failed February 15, 1990 · FDIC certificate 26667
Gateway National Bank of Phoenix, AZ failed on February 15, 1990. It opened on May 12, 1986, 3 years before. At its last report before that it held $8.6 million in assets and $8.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $10.8 million. The FDIC estimates that the Bank Insurance Fund lost $5.9 million on it.
1986-061989-12
Assets at the end$8.6 millionlast report before February 15, 1990
Deposits at the end$8.2 million
Estimated loss to the fund$5.9 millionBIF
Largest in the quarterly reports$10.8 millionSeptember 30, 1989
Equity to assets2.6%December 31, 1989
Loans not being repaid7.1%noncurrent, December 31, 1989
Return on assets-8.16%a year's rate, December 31, 1989
Staff11full time, December 31, 1989
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.