The Graveyard › Banks › 1990
Memorial Bank, National Association
Houston, TX · failed May 24, 1990 · FDIC certificate 24896
Memorial Bank, National Association of Houston, TX failed on May 24, 1990. It opened on December 1, 1983, 6 years before. At its last report before that it held $75.9 million in assets and $73.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $93.4 million. The FDIC estimates that the Bank Insurance Fund lost $34.8 million on it.
1984-031990-03
Assets at the end$75.9 millionlast report before May 24, 1990
Deposits at the end$73.3 million
Estimated loss to the fund$34.8 millionBIF
Largest in the quarterly reports$93.4 millionMarch 31, 1989
Equity to assets-8.0%March 31, 1990
Loans not being repaid12.5%noncurrent, March 31, 1990
Return on assets-15.06%a year's rate, March 31, 1990
Staff26full time, March 31, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.