Benjamin Franklin Savings Association
Houston, TX
$2.7B
total assets, March 31, 1989
$2.7B
total assets, March 31, 1989
Benjamin Franklin Savings Association was a savings and loan in Houston, TX. It failed on Mar 9, 1989, and Banc One TX, Na took over its deposits. At its last report it held $2.6 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Mar 9, 1989
- Assets
- $2.6B
- Deposits
- $2.0B
- Estimated cost
- $882M
- Deposits went to
- Banc One TX, Na, Dallas, TX
Total assets
$2.7B
+5.6% in a year · +0.4% in a quarter
Deposits
$1.9B
-0.6% in a year · -5.7% in a quarter
Loans
$1.5B
+0.6% in a year · +0.5% in a quarter
Profit so far
-$31.7M
Jan 1 to Mar 31, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-4.80%
-2.50 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 5444 Westheimer, Houston, TX, 77056
- County
- Harris
- Established
- Jul 8, 1955
- Failed
- Jun 29, 1989
- Id
- b30761
Quarter by quarter
March 31, 1984 to March 31, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Benjamin Franklin Savings Association?
$2.7 billion in total assets and $1.9 billion in deposits as of March 31, 1989, with assets up 5.6% from a year before. Its loans were $1.5 billion.
Is Benjamin Franklin Savings Association profitable?
No: it lost $31.7 million from January 1 to March 31, 1989. Its return on assets was -4.80% a year; about 1% is typical.
When did Benjamin Franklin Savings Association fail?
Mar 9, 1989. Banc One TX, Na of Dallas, TX took over its deposits. The estimated cost of the failure was $882.2 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.