The Graveyard › Banks › 1990

The Central National Bank of San Angelo

San Angelo, TX · failed March 22, 1990 · FDIC certificate 5507

The Central National Bank of San Angelo of San Angelo, TX failed on March 22, 1990. It opened on October 31, 1907, 82 years before. At its last report before that it held $147.4 million in assets and $148.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $318.3 million. The FDIC estimates that the Bank Insurance Fund lost $45.1 million on it.

1984-031989-12

Assets at the end$147.4 millionlast report before March 22, 1990

Deposits at the end$148.2 million

Estimated loss to the fund$45.1 millionBIF

Largest in the quarterly reports$318.3 millionMarch 31, 1986

Equity to assets-13.0%December 31, 1989

Loans not being repaid15.5%noncurrent, December 31, 1989

Return on assets-11.52%a year's rate, December 31, 1989

Staff162full time, December 31, 1989

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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.