The Graveyard › Banks › 1989

MBank Sherman, National Association

Sherman, TX · failed March 28, 1989 · FDIC certificate 5528

MBank Sherman, National Association of Sherman, TX failed on March 28, 1989. It opened on September 28, 1872, 116 years before. At its last report before that it held $282.0 million in assets and $271.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $298.9 million. The FDIC estimates that the FDIC's insurance fund lost $3.4 million on it.

1984-031988-12

Assets at the end$282.0 millionlast report before March 28, 1989

Deposits at the end$271.4 million

Estimated loss to the fund$3.4 millionFDIC

Largest in the quarterly reports$298.9 millionSeptember 30, 1988

Equity to assets2.2%December 31, 1988

Loans not being repaid6.2%noncurrent, December 31, 1988

Return on assets-0.83%a year's rate, December 31, 1988

Staff80full time, December 31, 1988

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

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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.