The Graveyard › Banks › 1989
Medcentre Bank,N.A.
San Antonio, TX · failed September 14, 1989 · FDIC certificate 25731
Medcentre Bank,N.A. of San Antonio, TX failed on September 14, 1989. It opened on August 29, 1984, 5 years before. At its last report before that it held $27.8 million in assets and $30.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $39.5 million. The FDIC estimates that the Bank Insurance Fund lost $6.7 million on it.
1984-091989-06
Assets at the end$27.8 millionlast report before September 14, 1989
Deposits at the end$30.2 million
Estimated loss to the fund$6.7 millionBIF
Largest in the quarterly reports$39.5 millionSeptember 30, 1988
Equity to assets-9.1%June 30, 1989
Loans not being repaid13.9%noncurrent, June 30, 1989
Return on assets-17.78%a year's rate, June 30, 1989
Staff24full time, June 30, 1989
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.