Bank Failure
Kirby State Bank
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Closed September 14, 1989 · Kirby, TX · FDIC Cert #21186.
- Closing date
- September 14, 1989
- Headquarters
- Kirby, TX
- FDIC Certificate
- 21186
- Total assets at closing
- $16.8M
- Total deposits at closing
- $16.5M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Schertz Bank & Trust
Context
On September 14, 1989, regulators closed Kirby State Bank, headquartered in Kirby, TX. At closing, the institution held approximately $16.8M in assets and $16.5M in deposits. The FDIC record names Schertz Bank & Trust as the acquiring institution in the resolution.
By assets at closing this is the 2471st largest of the 3,526 bank failures in the FDIC record, and the 457th of 530 in 1989. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Kirby State Bank fail?
Kirby State Bank was closed by regulators on September 14, 1989.
Who acquired Kirby State Bank?
The FDIC record names Schertz Bank & Trust as the acquiring institution in the resolution of Kirby State Bank.
How big was Kirby State Bank when it failed?
Kirby State Bank had approximately $16.8M in total assets and $16.5M in deposits at the time of failure.
Other failures in 1989
| Date | Bank | Assets |
|---|---|---|
| Dec 21, 1989 | Columbia FSA | $77.1M |
| Dec 21, 1989 | Silver Savings Assoc. | $32.2M |
| Dec 20, 1989 | First City National Bank and Trust | $39.5M |
| Dec 20, 1989 | United Community Bank | $32.3M |
| Dec 15, 1989 | First American Bank and Trust | $1.38B |
| Dec 14, 1989 | Yorkridge-Calvert Federal Savings | $585.8M |
| Dec 14, 1989 | Louisiana Savings Assn. | $449.3M |
| Dec 14, 1989 | First Acadiana Bank | $46.8M |
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