The Graveyard › Banks › 1989
MBank Corsicana, National Association
Corsicana, TX · failed March 28, 1989 · FDIC certificate 3154
MBank Corsicana, National Association of Corsicana, TX failed on March 28, 1989. It opened on July 5, 1917, 71 years before. At its last report before that it held $165.1 million in assets and $160.8 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $900,369 on it.
1984-031988-12
Assets at the end$165.1 millionlast report before March 28, 1989
Deposits at the end$160.8 million
Estimated loss to the fund$900,369FDIC
Largest in the quarterly reports$165.1 millionDecember 31, 1988
Equity to assets1.6%December 31, 1988
Loans not being repaid12.1%noncurrent, December 31, 1988
Return on assets-0.53%a year's rate, December 31, 1988
Staff34full 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.