First National Bank of Corpus Christi
Corpus Christi, TX · Owner: Gulfbanks Inc
$117M
total assets, June 30, 1990
$117M
total assets, June 30, 1990
First National Bank of Corpus Christi was a national bank in Corpus Christi, TX, owned by Gulfbanks Inc. It failed on Aug 9, 1990, and First City, Texas-corpus CH took over its deposits. At its last report it held $117.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Aug 9, 1990
- Assets
- $117M
- Deposits
- $117M
- Estimated cost
- $19.7M
- Deposits went to
- First City, Texas-corpus CH, Corpus Christi, TX
Total assets
$117M
-25.9% in a year · -6.1% in a quarter
Deposits
$117M
-20.6% in a year · -7.3% in a quarter
Loans
$72.2M
-28.8% in a year · -10.1% in a quarter
Profit so far
-$590K
Jan 1 to Jun 30, 1990
Capital ratio
-2.07%
-6.95 pts in a year
Return on assets
-0.94%
-0.82 pts in a year
Facts
- Type
- National bank
- Head office
- 10201 South Padre Island Drive, Corpus Christi, TX, 78418
- County
- Nueces
- Holding company
- Gulfbanks Inc
- Established
- Nov 1, 1962
- Failed
- Aug 9, 1990
- Employees
- 101
- Id
- b18623
Quarter by quarter
March 31, 1984 to June 30, 1990
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 First National Bank of Corpus Christi?
$117.0 million in total assets and $116.5 million in deposits as of June 30, 1990, with assets down 25.9% from a year before. Its loans were $72.2 million.
Is First National Bank of Corpus Christi profitable?
No: it lost $590,000 from January 1 to June 30, 1990. Its return on assets was -0.94% a year; about 1% is typical.
Who owns First National Bank of Corpus Christi?
First National Bank of Corpus Christi is owned by Gulfbanks Inc, its holding company.
When did First National Bank of Corpus Christi fail?
Aug 9, 1990. First City, Texas-corpus CH of Corpus Christi, TX took over its deposits. The estimated cost of the failure was $19.7 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.