Data / Bank failures / 1990 / The National Bank of Washington
The National Bank of Washington, Washington, DC: failed August 10, 1990
The National Bank of Washington in Washington, District of Columbia, failed on August 10, 1990. The Riggs National Bank of of Washington, DC, took over its deposits. It held $1.65 billion in assets and $1.27 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $224.3 million (13.6% of its assets). By assets it was the 20th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- August 10, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- The Riggs National Bank of, Washington, DC
- Total assets
- $1,650,969,000
- Total deposits
- $1,268,268,000
- Estimated cost to the FDIC
- $224,313,532 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 2092
Other bank failures in District of Columbia, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Metropolitan Bank, N.A. | Washington | May 1, 1992 | $27.1 million | $27.1 million | $2.2 million | Adams National Bank |
| Theodore Roosevelt National Bank | Washington | March 26, 1992 | $13.8 million | $13.6 million | $3.4 million | Industrial Bank of Wa |
| Madison National Bank | Washington | May 10, 1991 | $473.8 million | $404.2 million | $77.8 million | Signet Bank, National Assoc |
All bank failures in 1990 · All bank failures in District of Columbia · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.