The Graveyard › Banks › 1990
Northway National Bank
Dallas, TX · failed February 15, 1990 · FDIC certificate 23452
Northway National Bank of Dallas, TX failed on February 15, 1990. It opened on June 1, 1981, 8 years before. At its last report before that it held $19.1 million in assets and $23.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $29.6 million. The FDIC estimates that the Bank Insurance Fund lost $8.4 million on it.
1984-031989-12
Assets at the end$19.1 millionlast report before February 15, 1990
Deposits at the end$23.9 million
Estimated loss to the fund$8.4 millionBIF
Largest in the quarterly reports$29.6 millionJune 30, 1989
Equity to assets-28.0%December 31, 1989
Loans not being repaid7.1%noncurrent, December 31, 1989
Return on assets-23.34%a year's rate, December 31, 1989
Staff6full time, December 31, 1989
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.