The Graveyard › Banks › 1990
The Red River Bank
Red River, NM · failed February 23, 1990 · FDIC certificate 24752
The Red River Bank of Red River, NM failed on February 23, 1990. It opened on November 1, 1983, 6 years before. At its last report before that it held $6.5 million in assets and $6.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $9.0 million. The FDIC estimates that the Bank Insurance Fund lost $2.1 million on it.
1984-031989-12
Assets at the end$6.5 millionlast report before February 23, 1990
Deposits at the end$6.5 million
Estimated loss to the fund$2.1 millionBIF
Largest in the quarterly reports$9.0 millionMarch 31, 1987
Equity to assets-0.8%December 31, 1989
Loans not being repaid7.6%noncurrent, December 31, 1989
Return on assets-9.79%a year's rate, December 31, 1989
Staff5full 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.