The Graveyard › Banks › 1989
Midlothian National Bank
Midlothian, TX · failed December 13, 1989 · FDIC certificate 24901
Midlothian National Bank of Midlothian, TX failed on December 13, 1989. It opened on December 1, 1983, 6 years before. At its last report before that it held $10.0 million in assets and $11.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $24.7 million. The FDIC estimates that the Bank Insurance Fund lost $4.1 million on it.
1984-031989-09
Assets at the end$10.0 millionlast report before December 13, 1989
Deposits at the end$11.5 million
Estimated loss to the fund$4.1 millionBIF
Largest in the quarterly reports$24.7 millionMarch 31, 1986
Equity to assets-16.6%September 30, 1989
Loans not being repaid7.3%noncurrent, September 30, 1989
Return on assets-16.97%a year's rate, September 30, 1989
Staff15full time, September 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.