Failed Bank List

Closed Tuesday, March 28, 1989 · Dallas, Dallas County, Texas

MBank Dallas, National Association

By total assets MBank Dallas, National Association is the 29th-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 FDIC insurance fund makes it the 19th-costliest failure on FDIC record since 1934. Regulators closed 20 banks that day.

On the books, 1984 to 1988

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$2B$4B$6B$8B1985198619871988Closed
Total assets peaked at $7.8 billion in the second quarter of 1988 and were 16% lower at the final report. Equity capital went from 4.9% of assets in the first quarter of 1984 to below zero at the last report. By then 15% of its loans were 90 days or more past due or no longer accruing interest. It reported a net loss in three of its final five reporting years. The deepest annual loss, $420 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$600M−$600M1984: $36.5 million19845.2%1985: $40.1 million19855.0%1986: −$99.3 million19863.3%1987: −$55.4 million19873.3%1988: −$420 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; MBank Dallas in red.

It was the third-largest of the 530 bank failures in 1989. Of the 738 failed banks on record in Texas since 1934, it ranks third by size. In the size ranking of that year, just above it was City Federal Savings Bank of Somerset, New Jersey ($9.8 billion, loss 16% of assets); just below, Western Savings and Loan Association of Phoenix, Arizona ($5.7 billion, loss 37% of assets). Every 1989 failure in the explorer.

The largest of the others was MBank Houston, National Association of Houston, Texas, at $3.3 billion.

Failures in Texas

In 1989 regulators closed 223 banks in Texas; this was the 79th. The previous failure there was First State Bank of Rogers, on March 23, 1989. The next was Premier Bank, a National Association of Dallas, on March 31, 1989. Dallas County has 76 failed banks on FDIC record since 1934. Closest in time: First Bank of Rowlett (1989), Premier Bank, a National Association (1989), Murray Savings Association (1989), Heritagebanc Savings Association (1989), Park Cities Savings 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 3163 · loss estimate as of July 31, 2026 · How to read this page