Merabank, A Federal Savings Bank
Phoenix, AZ
$6.3B
total assets, December 31, 1989
$6.3B
total assets, December 31, 1989
Merabank, A Federal Savings Bank was a savings bank in Phoenix, AZ. It failed on Jan 31, 1990, and Branch Sale took over its deposits. At its last report it held $6.3 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Jan 31, 1990
- Assets
- $6.3B
- Deposits
- $4.8B
- Estimated cost
- $671M
- Deposits went to
- Branch Sale, None, NA
Total assets
$6.3B
-10.8% in a year · -6.2% in a quarter
Deposits
$4.8B
+8.6% in a year · +4.5% in a quarter
Loans
$3.3B
-21.8% in a year · -13.9% in a quarter
Profit so far
-$451M
Jan 1 to Dec 31, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-6.64%
-3.55 pts in a year
Facts
- Type
- Savings bank
- Head office
- 3003 North Central Avenue, Phoenix, AZ, 85012
- County
- Maricopa
- Established
- Jan 1, 1963
- Failed
- Jan 31, 1990
- Id
- b31400
Quarter by quarter
March 31, 1984 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 Merabank, A Federal Savings Bank?
$6.3 billion in total assets and $4.8 billion in deposits as of December 31, 1989, with assets down 10.8% from a year before. Its loans were $3.3 billion.
Is Merabank, A Federal Savings Bank profitable?
No: it lost $451.5 million from January 1 to December 31, 1989. Its return on assets was -6.64% a year; about 1% is typical.
When did Merabank, A Federal Savings Bank fail?
Jan 31, 1990. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $671.5 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.