The Graveyard › Banks › 1989
MBank Alamo, National Association
San Antonio, TX · failed March 28, 1989 · FDIC certificate 5509
MBank Alamo, National Association of San Antonio, TX failed on March 28, 1989. It opened on March 2, 1891, 98 years before. At its last report before that it held $784.9 million in assets and $708.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $1.0 billion. The FDIC estimates that the FDIC's insurance fund lost $82.5 million on it.
1984-031988-12
Assets at the end$784.9 millionlast report before March 28, 1989
Deposits at the end$708.2 million
Estimated loss to the fund$82.5 millionFDIC
Largest in the quarterly reports$1.0 billionJune 30, 1987
Equity to assets0.2%December 31, 1988
Loans not being repaid10.5%noncurrent, December 31, 1988
Return on assets-5.06%a year's rate, December 31, 1988
Staff312full 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.