The Graveyard › Banks › 1989
Texas American Bank/Mckinney, NA
Mckinney, TX · failed July 20, 1989 · FDIC certificate 3331
Texas American Bank/Mckinney, NA of Mckinney, TX failed on July 20, 1989. It opened on March 13, 1883, 106 years before. At its last report before that it held $175.7 million in assets and $167.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1987, it held $222.1 million. The FDIC estimates that the FDIC's insurance fund lost $25.0 million on it.
1984-031989-06
Assets at the end$175.7 millionlast report before July 20, 1989
Deposits at the end$167.3 million
Estimated loss to the fund$25.0 millionFDIC
Largest in the quarterly reports$222.1 millionSeptember 30, 1987
Equity to assets-7.4%June 30, 1989
Loans not being repaid13.8%noncurrent, June 30, 1989
Return on assets-6.71%a year's rate, June 30, 1989
Staff87full 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.