The Graveyard › Banks › 1989
Texas American Bank/Midland, NA
Midland, TX · failed July 20, 1989 · FDIC certificate 17421
Texas American Bank/Midland, NA of Midland, TX failed on July 20, 1989. It opened on May 2, 1955, 34 years before. At its last report before that it held $135.2 million in assets and $131.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $29.1 million on it.
1984-031989-06
Assets at the end$135.2 millionlast report before July 20, 1989
Deposits at the end$131.7 million
Estimated loss to the fund$29.1 millionFDIC
Equity to assets1.7%June 30, 1989
Loans not being repaid8.6%noncurrent, June 30, 1989
Return on assets-2.16%a year's rate, June 30, 1989
Staff65full 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.