Bank Failure
Red Bird Bank of Dallas
BankRegReports is independent of Red Bird Bank of Dallas and never asks for online banking logins or passwords.
Closed April 9, 1992 · Dallas, TX · FDIC Cert #20413.
- Closing date
- April 9, 1992
- Headquarters
- Dallas, TX
- FDIC Certificate
- 20413
- Total assets at closing
- $38.6M
- Total deposits at closing
- $37.7M
- Estimated loss to the insurance fund
- $10.5M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank of the SW of Dallas
Context
On April 9, 1992, regulators closed Red Bird Bank of Dallas, headquartered in Dallas, TX. At closing, the institution held approximately $38.6M in assets and $37.7M in deposits. The FDIC record names Bank of the SW of Dallas as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $10.5M.
By assets at closing this is the 1846th largest of the 3,526 bank failures in the FDIC record, and the 131st of 179 in 1992. 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 Red Bird Bank of Dallas fail?
Red Bird Bank of Dallas was closed by regulators on April 9, 1992.
Who acquired Red Bird Bank of Dallas?
The FDIC record names Bank of the SW of Dallas as the acquiring institution in the resolution of Red Bird Bank of Dallas.
How big was Red Bird Bank of Dallas when it failed?
Red Bird Bank of Dallas had approximately $38.6M in total assets and $37.7M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Rushville National Bank | $41.6M |
| Dec 18, 1992 | The Bremen State Bank | $2.7M |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| Dec 11, 1992 | Sailors & Merchants B&T Co. | $34.8M |
| Dec 8, 1992 | Palm Beach FSA | $59.4M |
| Dec 4, 1992 | Carteret FSB | $4.83B |
Explore: all failures · TX bank events · 1992 events · events hub