The Graveyard › Banks › 1990
The First National Bank of Colbert
Colbert, OK · failed February 8, 1990 · FDIC certificate 4237
The First National Bank of Colbert of Colbert, OK failed on February 8, 1990. It opened on November 1, 1905, 84 years before. At its last report before that it held $17.9 million in assets and $16.5 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $3.9 million on it.
1984-031989-12
Assets at the end$17.9 millionlast report before February 8, 1990
Deposits at the end$16.5 million
Estimated loss to the fund$3.9 millionBIF
Largest in the quarterly reports$18.7 millionSeptember 30, 1987
Equity to assets7.1%December 31, 1989
Loans not being repaid13.2%noncurrent, December 31, 1989
Return on assets-1.07%a year's rate, December 31, 1989
Staff16full time, December 31, 1989
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.