The Graveyard › Banks › 1990
Iredell State Bank
Iredell, TX · failed July 12, 1990 · FDIC certificate 15274
Iredell State Bank of Iredell, TX failed on July 12, 1990. It opened in 1904, 86 years before. At its last report before that it held $10.0 million in assets and $10.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $11.8 million. The FDIC estimates that the Bank Insurance Fund lost $2.4 million on it.
1984-031990-03
Assets at the end$10.0 millionlast report before July 12, 1990
Deposits at the end$10.1 million
Estimated loss to the fund$2.4 millionBIF
Largest in the quarterly reports$11.8 millionSeptember 30, 1989
Equity to assets-1.3%March 31, 1990
Loans not being repaid7.0%noncurrent, March 31, 1990
Return on assets-7.05%a year's rate, March 31, 1990
Staff9full time, March 31, 1990
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.