The First National Bank of Sanger
Sanger, TX · Owner: Sanger 1st Natl Holding TX
$19.7M
total assets, December 31, 1989
$19.7M
total assets, December 31, 1989
The First National Bank of Sanger was a national bank in Sanger, TX, owned by Sanger 1st Natl Holding TX. It failed on Mar 1, 1990, and The Gainesville National Ba took over its deposits. At its last report it held $19.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1989
This bank failed
- Failed on
- Mar 1, 1990
- Assets
- $19.7M
- Deposits
- $19.9M
- Estimated cost
- $2.8M
- Deposits went to
- The Gainesville National Ba, Gainesville, TX
Total assets
$19.7M
-9.7% in a year · -6.7% in a quarter
Deposits
$19.9M
-4.6% in a year · -3.8% in a quarter
Loans
$10.1M
-2.7% in a year · -3.5% in a quarter
Profit so far
-$1.1M
Jan 1 to Dec 31, 1989
Capital ratio
-2.23%
-5.34 pts in a year
Return on assets
-5.49%
-2.12 pts in a year
Facts
- Type
- National bank
- Head office
- 301 Bolivar Street, Sanger, TX, 76266
- County
- Denton
- Holding company
- Sanger 1st Natl Holding TX
- Established
- Aug 28, 1905
- Failed
- Mar 1, 1990
- Employees
- 14
- Id
- b5516
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 The First National Bank of Sanger?
$19.7 million in total assets and $19.9 million in deposits as of December 31, 1989, with assets down 9.7% from a year before. Its loans were $10.1 million.
Is The First National Bank of Sanger profitable?
No: it lost $1.15 million from January 1 to December 31, 1989. Its return on assets was -5.49% a year; about 1% is typical.
Who owns The First National Bank of Sanger?
The First National Bank of Sanger is owned by Sanger 1st Natl Holding TX, its holding company.
When did The First National Bank of Sanger fail?
Mar 1, 1990. The Gainesville National Ba of Gainesville, TX took over its deposits. The estimated cost of the failure was $2.82 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.