The Graveyard › Banks › 1990
Richmark Bank
Houston, TX · failed June 7, 1990 · FDIC certificate 20240
Richmark Bank of Houston, TX failed on June 7, 1990. It opened on August 25, 1970, 19 years before. At its last report before that it held $35.2 million in assets and $35.8 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $11.7 million on it.
1984-031990-03
Assets at the end$35.2 millionlast report before June 7, 1990
Deposits at the end$35.8 million
Estimated loss to the fund$11.7 millionBIF
Equity to assets-2.3%March 31, 1990
Loans not being repaid36.6%noncurrent, March 31, 1990
Return on assets-4.03%a year's rate, March 31, 1990
Staff30full time, March 31, 1990
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.