The Graveyard › Banks › 1989

MBank Houston, National Association

Houston, TX · failed March 28, 1989 · FDIC certificate 19456

MBank Houston, National Association of Houston, TX failed on March 28, 1989. It opened on July 1, 1965, 23 years before. At its last report before that it held $3.3 billion in assets and $2.6 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $5.1 billion. The FDIC estimates that the FDIC's insurance fund lost $731.6 million on it.

1984-031988-12

Assets at the end$3.3 billionlast report before March 28, 1989

Deposits at the end$2.6 billion

Estimated loss to the fund$731.6 millionFDIC

Largest in the quarterly reports$5.1 billionDecember 31, 1986

Equity to assets-2.3%December 31, 1988

Loans not being repaid18.0%noncurrent, December 31, 1988

Return on assets-5.71%a year's rate, December 31, 1988

Staff1,511full time, December 31, 1988

On the FDIC's list: MBANK HOUSTON, NATIONAL ASSOC.

Take today's blind test

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.