The Graveyard › Banks › 1991
The Kerens Bank
Kerens, TX · failed July 25, 1991 · FDIC certificate 3283
The Kerens Bank of Kerens, TX failed on July 25, 1991. It opened in 1900, 91 years before. At its last report before that it held $19.5 million in assets and $19.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $25.1 million. The FDIC estimates that the Bank Insurance Fund lost $5.1 million on it.
1984-031991-03
Assets at the end$19.5 millionlast report before July 25, 1991
Deposits at the end$19.8 million
Estimated loss to the fund$5.1 millionBIF
Largest in the quarterly reports$25.1 millionDecember 31, 1986
Equity to assets-2.5%March 31, 1991
Loans not being repaid4.7%noncurrent, March 31, 1991
Return on assets-15.20%a year's rate, March 31, 1991
Staff14full time, March 31, 1991
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.