The Graveyard › Banks › 1989
Independent Bank-East, National
Rockwall, TX · failed June 30, 1989 · FDIC certificate 21155
Independent Bank-East, National of Rockwall, TX failed on June 30, 1989. It opened on July 13, 1973, 15 years before. At its last report before that it held $40.6 million in assets and $35.8 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $14.5 million on it.
1984-031989-03
Assets at the end$40.6 millionlast report before June 30, 1989
Deposits at the end$35.8 million
Estimated loss to the fund$14.5 millionFDIC
Largest in the quarterly reports$40.6 millionMarch 31, 1989
Equity to assets4.2%March 31, 1989
Loans not being repaid4.5%noncurrent, March 31, 1989
Return on assets-1.23%a year's rate, March 31, 1989
Staff30full 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.