The Graveyard › Banks › 1990

United Bank of Waco, National Association

Waco, TX · failed August 2, 1990 · FDIC certificate 18250

United Bank of Waco, National Association of Waco, TX failed on August 2, 1990. It opened on June 3, 1960, 30 years before. At its last report before that it held $250.0 million in assets and $254.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $343.0 million. The FDIC estimates that the Bank Insurance Fund lost $33.1 million on it.

1984-031990-06

Assets at the end$250.0 millionlast report before August 2, 1990

Deposits at the end$254.2 million

Estimated loss to the fund$33.1 millionBIF

Largest in the quarterly reports$343.0 millionSeptember 30, 1988

Equity to assets-5.4%June 30, 1990

Loans not being repaid5.6%noncurrent, June 30, 1990

Return on assets-7.64%a year's rate, June 30, 1990

Staff271full time, June 30, 1990

On the FDIC's list: UNITED BANK OF WACO, NATIONAL ASSOC.

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Also ended in 1990

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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.