The Graveyard › Banks › 1990
Midway National Bank
Dallas, TX · failed May 24, 1990 · FDIC certificate 25100
Midway National Bank of Dallas, TX failed on May 24, 1990. It opened on April 2, 1984, 6 years before. At its last report before that it held $16.4 million in assets and $17.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $20.7 million. The FDIC estimates that the Bank Insurance Fund lost $4.5 million on it.
1984-061990-03
Assets at the end$16.4 millionlast report before May 24, 1990
Deposits at the end$17.1 million
Estimated loss to the fund$4.5 millionBIF
Largest in the quarterly reports$20.7 millionSeptember 30, 1988
Equity to assets-4.7%March 31, 1990
Loans not being repaid3.9%noncurrent, March 31, 1990
Return on assets-19.12%a year's rate, March 31, 1990
Staff14full 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.