The Graveyard › Banks › 1990
The First National Bank of Georgetown
Georgetown, TX · failed May 17, 1990 · FDIC certificate 3216
The First National Bank of Georgetown of Georgetown, TX failed on May 17, 1990. It opened on April 20, 1890, 100 years before. At its last report before that it held $71.6 million in assets and $70.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $83.8 million. The FDIC estimates that the Bank Insurance Fund lost $32.9 million on it.
1984-031990-03
Assets at the end$71.6 millionlast report before May 17, 1990
Deposits at the end$70.3 million
Estimated loss to the fund$32.9 millionBIF
Largest in the quarterly reports$83.8 millionMarch 31, 1988
Equity to assets-2.7%March 31, 1990
Loans not being repaid21.1%noncurrent, March 31, 1990
Return on assets-0.31%a year's rate, March 31, 1990
Staff38full time, March 31, 1990
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.