The Graveyard › Banks › 1989

MBank The Woodlands, National Association

The Woodlands, TX · failed March 28, 1989 · FDIC certificate 23160

MBank The Woodlands, National Association of The Woodlands, TX failed on March 28, 1989. It opened on July 1, 1980, 8 years before. At its last report before that it held $160.1 million in assets and $155.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $173.3 million. The FDIC estimates that the FDIC's insurance fund lost $6.9 million on it.

1984-031988-12

Assets at the end$160.1 millionlast report before March 28, 1989

Deposits at the end$155.6 million

Estimated loss to the fund$6.9 millionFDIC

Largest in the quarterly reports$173.3 millionSeptember 30, 1988

Equity to assets1.3%December 31, 1988

Loans not being repaid3.9%noncurrent, December 31, 1988

Return on assets-1.70%a year's rate, December 31, 1988

Staff37full time, December 31, 1988

On the FDIC's list: MBANK THE WOODLANDS, 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.