The National Bank of Washington
Washington, DC · Owner: Washington Natl Holdings NV
$1.7B
total assets, June 30, 1990
$1.7B
total assets, June 30, 1990
The National Bank of Washington was a national bank in Washington, DC, owned by Washington Natl Holdings NV. It failed on Aug 10, 1990, and The Riggs National Bank Of took over its deposits. At its last report it held $1.7 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1990
This bank failed
- Failed on
- Aug 10, 1990
- Assets
- $1.7B
- Deposits
- $1.3B
- Estimated cost
- $224M
- Deposits went to
- The Riggs National Bank Of, Washington, DC
Total assets
$1.7B
-14.2% in a year · -7.0% in a quarter
Deposits
$1.3B
-21.8% in a year · -14.5% in a quarter
Loans
$1.3B
-7.0% in a year · -8.3% in a quarter
Profit so far
-$63.9M
Jan 1 to Jun 30, 1990 · -941.4% in a year
Capital ratio
1.43%
-3.41 pts in a year
Return on assets
-7.22%
-8.01 pts in a year
Facts
- Type
- National bank
- Head office
- 619 14th Street, N.W., Washington, DC, 20005
- County
- District Of Columbia
- Holding company
- Washington Natl Holdings NV
- Established
- Jan 1, 1809
- Failed
- Aug 10, 1990
- Employees
- 791
- Id
- b2092
Quarter by quarter
March 31, 1984 to June 30, 1990
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 National Bank of Washington?
$1.7 billion in total assets and $1.3 billion in deposits as of June 30, 1990, with assets down 14.2% from a year before. Its loans were $1.3 billion.
Is The National Bank of Washington profitable?
No: it lost $63.9 million from January 1 to June 30, 1990. Its return on assets was -7.22% a year; about 1% is typical.
Who owns The National Bank of Washington?
The National Bank of Washington is owned by Washington Natl Holdings NV, its holding company.
When did The National Bank of Washington fail?
Aug 10, 1990. The Riggs National Bank Of of Washington, DC took over its deposits. The estimated cost of the failure was $224.3 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.