The Graveyard › Banks › 1991

Merabank Texas

El Paso, TX · failed May 31, 1991 · FDIC certificate 32592

Merabank Texas of El Paso, TX failed on May 31, 1991. It opened on June 22, 1988, 2 years before. At its last report before that it held $1.2 billion in assets and $744.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $1.4 billion. The FDIC's list records a negative loss of $4.4 million: the Resolution Trust Corporation got back more than it paid out.

1988-061991-03

Assets at the end$1.2 billionlast report before May 31, 1991

Deposits at the end$744.9 million

Estimated loss to the funda gain of $4.4 millionRTC

Largest in the quarterly reports$1.4 billionDecember 31, 1988

Equity to assets3.5%March 31, 1991

Loans not being repaid0.8%noncurrent, March 31, 1991

Return on assets0.34%a year's rate, March 31, 1991

Staff172full time, March 31, 1991

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Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 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.