The Graveyard › Banks › 1991

The Chireno State Bank

Chireno, TX · failed May 9, 1991 · FDIC certificate 8441

The Chireno State Bank of Chireno, TX failed on May 9, 1991. It opened on October 18, 1911, 79 years before. At its last report before that it held $12.4 million in assets and $12.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $24.2 million. The FDIC estimates that the Bank Insurance Fund lost $1.5 million on it.

1984-031991-03

Assets at the end$12.4 millionlast report before May 9, 1991

Deposits at the end$12.3 million

Estimated loss to the fund$1.5 millionBIF

Largest in the quarterly reports$24.2 millionMarch 31, 1985

Equity to assets-0.4%March 31, 1991

Loans not being repaid6.4%noncurrent, March 31, 1991

Return on assets-0.91%a year's rate, March 31, 1991

Staff11full time, March 31, 1991

On the FDIC's list: CHIRENO STATE BANK.

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Also ended in 1991

Bank of New England, National Association · Boston, MA · $13.4 billion in assets
Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
Goldome · Buffalo, NY · $9.9 billion in assets
Great American Fsa · San Diego, CA · $9.5 billion in assets
The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
Sunbelt Savings · Irving, TX · $6.0 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.