The Graveyard › Banks › 1975
Algoma Bank
Algoma, WI · failed May 30, 1975 · FDIC certificate 15154
Algoma Bank of Algoma, WI failed on May 30, 1975. It opened in 1917, 58 years before. At its last report before that it held $5.2 million in assets and $4.8 million in deposits. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.
Assets at the end$5.2 millionlast report before May 30, 1975
Deposits at the end$4.8 million
Estimated loss to the fundnot givenFDIC
Also ended in 1975
- American City Bank & Trust Company, N.A. · Milwaukee, WI · $147.6 million in assets
- Northern Ohio Bank · Cleveland · $103.8 million in assets
- State Bank of Clearing · Chicago, IL · $74.4 million in assets
- Franklin Bank · Houston, TX · $20.7 million in assets
- Bank of Picayune · Picayune, MS · $18.0 million in assets
- The Peoples Bank of the Virgin Islands · Charlotte Amalie, VI · $14.9 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.