The Graveyard › Banks › 1989
Industrial Bank
Houston, TX · failed March 23, 1989 · FDIC certificate 16131
Industrial Bank of Houston, TX failed on March 23, 1989. It opened on April 1, 1944, 44 years before. At its last report before that it held $64.8 million in assets and $65.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $99.3 million. The FDIC estimates that the FDIC's insurance fund lost $7.5 million on it.
1984-031988-12
Assets at the end$64.8 millionlast report before March 23, 1989
Deposits at the end$65.3 million
Estimated loss to the fund$7.5 millionFDIC
Largest in the quarterly reports$99.3 millionSeptember 30, 1984
Equity to assets-2.5%December 31, 1988
Loans not being repaid23.9%noncurrent, December 31, 1988
Return on assets-4.70%a year's rate, December 31, 1988
Staff50full 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.