The Graveyard › Banks › 1989
Park Forty-Five National Bank
Spring · failed August 4, 1989 · FDIC certificate 25871
Park Forty-Five National Bank of Spring failed on August 4, 1989. It opened on December 10, 1984, 4 years before. At its last report before that it held $22.0 million in assets and $22.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1988, it held $24.9 million. The FDIC estimates that the FDIC's insurance fund lost $10.3 million on it.
1984-121989-06
Assets at the end$22.0 millionlast report before August 4, 1989
Deposits at the end$22.2 million
Estimated loss to the fund$10.3 millionFDIC
Largest in the quarterly reports$24.9 millionDecember 31, 1988
Equity to assets-7.2%June 30, 1989
Loans not being repaid16.4%noncurrent, June 30, 1989
Return on assets-15.09%a year's rate, June 30, 1989
Staff14full time, June 30, 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.