The Graveyard › Banks › 1989
MBank Dallas, National Association
Dallas, TX · failed March 28, 1989 · FDIC certificate 3163
MBank Dallas, National Association of Dallas, TX failed on March 28, 1989. It opened on October 14, 1916, 72 years before. At its last report before that it held $6.6 billion in assets and $4.0 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $7.8 billion. The FDIC estimates that the FDIC's insurance fund lost $1.6 billion on it.
1984-031988-12
Assets at the end$6.6 billionlast report before March 28, 1989
Deposits at the end$4.0 billion
Estimated loss to the fund$1.6 billionFDIC
Largest in the quarterly reports$7.8 billionJune 30, 1988
Equity to assets-2.5%December 31, 1988
Loans not being repaid15.4%noncurrent, December 31, 1988
Return on assets-5.63%a year's rate, December 31, 1988
Staff2,279full 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
- 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
- Bright Banc · Dallas, TX · $4.4 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.