Gateway National Bank
Phoenix, AZ · Owner: Gateway Bcorp Inc
$8.6M
total assets, December 31, 1989
$8.6M
total assets, December 31, 1989
Gateway National Bank was a national bank in Phoenix, AZ, owned by Gateway Bcorp Inc. It failed on Feb 15, 1990, and Citibank (arizona) took over its deposits. At its last report it held $8.60 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Feb 15, 1990
- Assets
- $8.6M
- Deposits
- $8.2M
- Estimated cost
- $5.9M
- Deposits went to
- Citibank (arizona), Phoenix, AZ
Total assets
$8.6M
-4.9% in a year · -20.4% in a quarter
Deposits
$8.2M
+8.3% in a year · -15.7% in a quarter
Loans
$6.2M
-11.2% in a year · -10.8% in a quarter
Profit so far
-$785K
Jan 1 to Dec 31, 1989
Capital ratio
1.93%
-9.34 pts in a year
Return on assets
-8.16%
-3.80 pts in a year
Facts
- Type
- National bank
- Head office
- 120 North 44th Street, Phoenix, AZ, 85034
- County
- Maricopa
- Holding company
- Gateway Bcorp Inc
- Established
- May 12, 1986
- Failed
- Feb 15, 1990
- Employees
- 11
- Id
- b26667
Quarter by quarter
June 30, 1986 to December 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 Gateway National Bank?
$8.60 million in total assets and $8.21 million in deposits as of December 31, 1989, with assets down 4.9% from a year before. Its loans were $6.16 million.
Is Gateway National Bank profitable?
No: it lost $785,000 from January 1 to December 31, 1989. Its return on assets was -8.16% a year; about 1% is typical.
Who owns Gateway National Bank?
Gateway National Bank is owned by Gateway Bcorp Inc, its holding company.
When did Gateway National Bank fail?
Feb 15, 1990. Citibank (arizona) of Phoenix, AZ took over its deposits. The estimated cost of the failure was $5.86 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.