The Graveyard › Banks › 1990
Palo Duro Fs & La
Amarillo, TX · failed January 26, 1990 · FDIC certificate 32089
Palo Duro Fs & La of Amarillo, TX failed on January 26, 1990. It opened in 1980, 10 years before. At its last report before that it held $65.0 million in assets and $41.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $74.6 million. The FDIC estimates that the Resolution Trust Corporation lost $12.6 million on it.
1984-031989-12
Assets at the end$65.0 millionlast report before January 26, 1990
Deposits at the end$41.8 million
Estimated loss to the fund$12.6 millionRTC
Largest in the quarterly reports$74.6 millionMarch 31, 1988
Equity to assets-7.1%December 31, 1989
Loans not being repaid6.4%noncurrent, December 31, 1989
Return on assets-5.48%a year's rate, 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.