The Graveyard › Banks › 1989

Texas American Bank/Farmers Branch

Farmers Branch, TX · failed July 20, 1989 · FDIC certificate 23093

Texas American Bank/Farmers Branch of Farmers Branch, TX failed on July 20, 1989. It opened on April 2, 1980, 9 years before. At its last report before that it held $48.4 million in assets and $47.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $60.8 million. The FDIC estimates that the FDIC's insurance fund lost $6.3 million on it.

1984-031989-06

Assets at the end$48.4 millionlast report before July 20, 1989

Deposits at the end$47.5 million

Estimated loss to the fund$6.3 millionFDIC

Largest in the quarterly reports$60.8 millionSeptember 30, 1986

Equity to assets0.6%June 30, 1989

Loans not being repaid6.8%noncurrent, June 30, 1989

Return on assets-3.21%a year's rate, June 30, 1989

Staff17full time, June 30, 1989

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Also ended in 1989

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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.