The Graveyard › Banks › 1990
Southwest National Bank
Austin, TX · failed June 28, 1990 · FDIC certificate 23336
Southwest National Bank of Austin, TX failed on June 28, 1990. It opened on January 19, 1981, 9 years before. At its last report before that it held $33.6 million in assets and $33.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $47.2 million. The FDIC estimates that the Bank Insurance Fund lost $7.3 million on it.
1984-031990-03
Assets at the end$33.6 millionlast report before June 28, 1990
Deposits at the end$33.6 million
Estimated loss to the fund$7.3 millionBIF
Largest in the quarterly reports$47.2 millionMarch 31, 1989
Equity to assets-0.7%March 31, 1990
Loans not being repaid5.5%noncurrent, March 31, 1990
Return on assets-6.39%a year's rate, March 31, 1990
Staff29full 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.