MBank Austin, National Association
Austin, TX · Owner: McOrp
$642M
total assets, December 31, 1988
$642M
total assets, December 31, 1988
MBank Austin, National Association was a national bank in Austin, TX, owned by McOrp. It failed on Mar 28, 1989, and Bank One, Texas, N.a. took over its deposits. At its last report it held $642.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1988
This bank failed
- Failed on
- Mar 28, 1989
- Assets
- $642M
- Deposits
- $560M
- Estimated cost
- $87.2M
- Deposits went to
- Bank One, Texas, N.a., Dallas, TX
Total assets
$642M
-20.6% in a year · -15.3% in a quarter
Deposits
$560M
-17.7% in a year · -12.1% in a quarter
Loans
$390M
-9.3% in a year · -15.5% in a quarter
Profit so far
-$61.9M
Jan 1 to Dec 31, 1988
Capital ratio
-3.10%
-6.54 pts in a year
Return on assets
-7.55%
-7.11 pts in a year
Facts
- Type
- National bank
- Head office
- 201 West 6th Street, Austin, TX, 78780
- County
- Travis
- Holding company
- McOrp
- Established
- May 28, 1890
- Failed
- Mar 29, 1989
- Employees
- 319
- Id
- b3083
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 MBank Austin, National Association?
$642.0 million in total assets and $560.1 million in deposits as of December 31, 1988, with assets down 20.6% from a year before. Its loans were $390.2 million.
Is MBank Austin, National Association profitable?
No: it lost $61.9 million from January 1 to December 31, 1988. Its return on assets was -7.55% a year; about 1% is typical.
Who owns MBank Austin, National Association?
MBank Austin, National Association is owned by McOrp, its holding company.
When did MBank Austin, National Association fail?
Mar 28, 1989. Bank One, Texas, N.a. of Dallas, TX took over its deposits. The estimated cost of the failure was $87.2 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.