The Graveyard › Banks › 1989
The Texas Bank & Trust Company
Sweetwater, TX · failed July 27, 1989 · FDIC certificate 11173
The Texas Bank & Trust Company of Sweetwater, TX failed on July 27, 1989. It opened in 1917, 72 years before. At its last report before that it held $33.7 million in assets and $33.5 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $5.4 million on it.
1984-031989-06
Assets at the end$33.7 millionlast report before July 27, 1989
Deposits at the end$33.5 million
Estimated loss to the fund$5.4 millionFDIC
Equity to assets-0.3%June 30, 1989
Loans not being repaid3.4%noncurrent, June 30, 1989
Return on assets-4.82%a year's rate, June 30, 1989
Staff27full time, June 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.