$6.5M
total assets, March 31, 1989
Preston North National Bank was a national bank in Dallas, TX. It failed on Jun 22, 1989, and Sequor National Bank Texas took over its deposits. At its last report it held $6.50 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1989
This bank failed
- Failed on
- Jun 22, 1989
- Assets
- $6.5M
- Deposits
- $6.9M
- Estimated cost
- $1.5M
- Deposits went to
- Sequor National Bank Texas, Dallas, TX
Total assets
$6.5M
-60.4% in a year · -13.6% in a quarter
Deposits
$6.9M
-54.5% in a year · -10.6% in a quarter
Loans
$4.3M
-59.6% in a year · -8.5% in a quarter
Profit so far
-$213K
Jan 1 to Mar 31, 1989
Capital ratio
-7.34%
-14.32 pts in a year
Return on assets
-12.14%
-9.32 pts in a year
Facts
- Type
- National bank
- Head office
- 14902 Preston Road, Dallas, TX, 75379
- County
- Dallas
- Established
- Aug 1, 1983
- Failed
- Jun 22, 1989
- Employees
- 7
- Id
- b24630
Quarter by quarter
March 31, 1984 to March 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 Preston North National Bank?
$6.50 million in total assets and $6.93 million in deposits as of March 31, 1989, with assets down 60.4% from a year before. Its loans were $4.35 million.
Is Preston North National Bank profitable?
No: it lost $213,000 from January 1 to March 31, 1989. Its return on assets was -12.14% a year; about 1% is typical.
When did Preston North National Bank fail?
Jun 22, 1989. Sequor National Bank Texas of Dallas, TX took over its deposits. The estimated cost of the failure was $1.54 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.