Industrial Bank
Houston, TX · Owner: Texfirst Bancshares Inc
$64.8M
total assets, December 31, 1988
$64.8M
total assets, December 31, 1988
Industrial Bank was a state nonmember bank in Houston, TX, owned by Texfirst Bancshares Inc. It failed on Mar 23, 1989, and Metrobank, National Associa took over its deposits. At its last report it held $64.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Mar 23, 1989
- Assets
- $64.8M
- Deposits
- $65.3M
- Estimated cost
- $7.5M
- Deposits went to
- Metrobank, National Associa, Houston, TX
Total assets
$64.8M
-8.2% in a year · -4.6% in a quarter
Deposits
$65.3M
-3.8% in a year · -1.4% in a quarter
Loans
$24.3M
-24.3% in a year · -10.8% in a quarter
Profit so far
-$3.2M
Jan 1 to Dec 31, 1988
Capital ratio
-2.43%
-4.61 pts in a year
Return on assets
-4.70%
+0.23 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 6730 Capitol Avenue, Houston, TX, 77011
- County
- Harris
- Holding company
- Texfirst Bancshares Inc
- Established
- Apr 1, 1944
- Failed
- Mar 23, 1989
- Employees
- 50
- Id
- b16131
Quarter by quarter
March 31, 1984 to December 31, 1988
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 Industrial Bank?
$64.8 million in total assets and $65.3 million in deposits as of December 31, 1988, with assets down 8.2% from a year before. Its loans were $24.3 million.
Is Industrial Bank profitable?
No: it lost $3.20 million from January 1 to December 31, 1988. Its return on assets was -4.70% a year; about 1% is typical.
Who owns Industrial Bank?
Industrial Bank is owned by Texfirst Bancshares Inc, its holding company.
When did Industrial Bank fail?
Mar 23, 1989. Metrobank, National Associa of Houston, TX took over its deposits. The estimated cost of the failure was $7.52 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.