The Graveyard › Banks › 1989
New Ulm State Bank
New Ulm, TX · failed June 29, 1989 · FDIC certificate 11926
New Ulm State Bank of New Ulm, TX failed on June 29, 1989. It opened on March 1, 1906, 83 years before. At its last report before that it held $12.0 million in assets and $11.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $20.0 million. The FDIC estimates that the FDIC's insurance fund lost $3.0 million on it.
1984-031989-03
Assets at the end$12.0 millionlast report before June 29, 1989
Deposits at the end$11.8 million
Estimated loss to the fund$3.0 millionFDIC
Largest in the quarterly reports$20.0 millionJune 30, 1985
Equity to assets0.2%March 31, 1989
Loans not being repaid3.2%noncurrent, March 31, 1989
Return on assets-10.84%a year's rate, March 31, 1989
Staff10full time, March 31, 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.