The Graveyard › Banks › 1989
Merchants State Bank
Dallas, TX · failed January 19, 1989 · FDIC certificate 16374
Merchants State Bank of Dallas, TX failed on January 19, 1989. It opened on January 9, 1946, 43 years before. At its last report before that it held $122.0 million in assets and $124.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $157.9 million. The FDIC estimates that the FDIC's insurance fund lost $21.0 million on it.
1984-031988-09
Assets at the end$122.0 millionlast report before January 19, 1989
Deposits at the end$124.6 million
Estimated loss to the fund$21.0 millionFDIC
Largest in the quarterly reports$157.9 millionSeptember 30, 1987
Equity to assets-3.1%September 30, 1988
Loans not being repaid8.4%noncurrent, September 30, 1988
Return on assets-4.23%a year's rate, September 30, 1988
Staff83full time, September 30, 1988
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.