The Graveyard › Banks › 1989
Preston North National Bank
Dallas, TX · failed June 22, 1989 · FDIC certificate 24630
Preston North National Bank of Dallas, TX failed on June 22, 1989. It opened on August 1, 1983, 5 years before. At its last report before that it held $6.5 million in assets and $6.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $36.6 million. The FDIC estimates that the FDIC's insurance fund lost $1.5 million on it.
1984-031989-03
Assets at the end$6.5 millionlast report before June 22, 1989
Deposits at the end$6.9 million
Estimated loss to the fund$1.5 millionFDIC
Largest in the quarterly reports$36.6 millionDecember 31, 1986
Equity to assets-7.7%March 31, 1989
Loans not being repaid11.6%noncurrent, March 31, 1989
Return on assets-12.14%a year's rate, March 31, 1989
Staff7full 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.