The Graveyard › Banks › 1989

National Bank of Commerce of Brownsville

Brownsville, TX · failed July 13, 1989 · FDIC certificate 19431

National Bank of Commerce of Brownsville of Brownsville, TX failed on July 13, 1989. It opened on May 10, 1965, 24 years before. At its last report before that it held $34.7 million in assets and $34.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $52.4 million. The FDIC estimates that the FDIC's insurance fund lost $17.2 million on it.

1984-031989-03

Assets at the end$34.7 millionlast report before July 13, 1989

Deposits at the end$34.8 million

Estimated loss to the fund$17.2 millionFDIC

Largest in the quarterly reports$52.4 millionDecember 31, 1985

Equity to assets-1.3%March 31, 1989

Loans not being repaid14.8%noncurrent, March 31, 1989

Return on assets-6.29%a year's rate, March 31, 1989

Staff37full time, March 31, 1989

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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.