The Graveyard › Banks › 1989
Lexington State Bank
Lexington, TX · failed May 11, 1989 · FDIC certificate 11918
Lexington State Bank of Lexington, TX failed on May 11, 1989. It opened in 1931, 58 years before. At its last report before that it held $13.8 million in assets and $13.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $24.0 million. The FDIC estimates that the FDIC's insurance fund lost $3.1 million on it.
1984-031989-03
Assets at the end$13.8 millionlast report before May 11, 1989
Deposits at the end$13.9 million
Estimated loss to the fund$3.1 millionFDIC
Largest in the quarterly reports$24.0 millionJune 30, 1985
Equity to assets-1.5%March 31, 1989
Loans not being repaid4.4%noncurrent, March 31, 1989
Return on assets-11.38%a year's rate, March 31, 1989
Staff9full 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.