The Graveyard › Banks › 1990

The First National Bank of Sanger

Sanger, TX · failed March 1, 1990 · FDIC certificate 5516

The First National Bank of Sanger of Sanger, TX failed on March 1, 1990. It opened on August 28, 1905, 84 years before. At its last report before that it held $19.7 million in assets and $19.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $28.6 million. The FDIC estimates that the Bank Insurance Fund lost $2.8 million on it.

1984-031989-12

Assets at the end$19.7 millionlast report before March 1, 1990

Deposits at the end$19.9 million

Estimated loss to the fund$2.8 millionBIF

Largest in the quarterly reports$28.6 millionSeptember 30, 1986

Equity to assets-2.4%December 31, 1989

Loans not being repaid11.6%noncurrent, December 31, 1989

Return on assets-5.49%a year's rate, December 31, 1989

Staff14full time, December 31, 1989

On the FDIC's list: FIRST NATIONAL BANK OF SANGER.

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Also ended in 1990

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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.