The Graveyard › Banks › 1989

Hearne Building and Loan Association

Hearne, TX · failed August 17, 1989 · FDIC certificate 30452

Hearne Building and Loan Association of Hearne, TX failed on August 17, 1989. It opened in 1899, 90 years before. At its last report before that it held $27.1 million in assets and $25.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $31.9 million. The FDIC estimates that the Resolution Trust Corporation lost $6.0 million on it.

1984-031989-06

Assets at the end$27.1 millionlast report before August 17, 1989

Deposits at the end$25.9 million

Estimated loss to the fund$6.0 millionRTC

Largest in the quarterly reports$31.9 millionMarch 31, 1986

Equity to assets-3.1%June 30, 1989

Loans not being repaid2.2%noncurrent, June 30, 1989

Return on assets-11.36%a year's rate, June 30, 1989

On the FDIC's list: HEARNE BUILDING & LOAN ASSOC..

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Also ended in 1989

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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.