Failed Bank List

Closed Friday, February 10, 1989 · Dallas, Dallas County, Texas

Bright Banc Savings Association

By total assets Bright Banc Savings Association is the 46th-largest of the 3,375 bank failures since 1934 for which the FDIC records a size, counted in dollars of the day. Its estimated cost to the Resolution Trust Corporation makes it the 22nd-costliest failure on FDIC record since 1934. In the three years to the second quarter of 1987, its assets grew 1,495%.

On the books, 1984 to 1988

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$1.5B$3B$4.5B$6B1985198619871988Closed
Total assets peaked at $4.7 billion and were 7% lower at the final report. Equity capital went from 2.6% of assets in the first quarter of 1984 to below zero at the last report. It reported a net loss in three of its final five reporting years. The deepest annual loss, $306 million, was booked in 1988.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$320M−$320M1984: $83 thousand19846.4%1985: $2.6 million19854.5%1986: −$34.9 million1986neg.1987: −$195 million1987neg.1988: −$306 million1988neg.

Size against the other 1989 failures

Total assets of the 530 banks that failed in 1989, log scale$1M$10M$100M$1B$10B$100B
Total assets of each 1989 failure, log scale; Bright Banc Savings Association in red.

By assets it ranked seventh of the 530 failures in 1989. Within Texas it ranks eighth by size of the 738 failures recorded since 1934. In the size ranking of that year, just above it was University Savings Association of Houston, Texas ($4.5 billion, loss 49% of assets); just below, MBank Houston, National Association of Houston, Texas ($3.3 billion, loss 22% of assets). Every 1989 failure in the explorer.

Regulators closed six banks that day. The largest of the others was First Federal of Arkansas, FA of Little Rock, Arkansas, at $1.6 billion.

Failures in Texas

In 1989 regulators closed 223 banks in Texas; this was the 14th. The previous failure there was Citizens Bank Houston of Houston, on February 9, 1989. The next was University Savings Association of Houston, on February 14, 1989. Dallas County has 76 failed banks on FDIC record since 1934. Closest in time: Merchants State Bank (1989), First State Bank of Texas (1989), First Bank of Rowlett (1989), MBank Dallas, National Association (1989), Premier Bank, a National Association (1989).

Bank failures in Texas per year, 1980 to 20260601201802401982: 61983: 31984: 71985: 131986: 281987: 541988: 1201989: 2231990: 1401991: 411992: 291993: 101996: 21999: 12002: 12008: 22009: 52010: 12011: 12013: 22019: 12025: 119801990200020102020
Per year since 1980, 1989 in red. Every Texas failure

FDIC certificate 31095 · loss estimate as of July 31, 2026 · How to read this page