The Graveyard › Banks › 1987
American Exchange Bank & Trust Co
Norman, OK · failed August 20, 1987 · FDIC certificate 19164
American Exchange Bank & Trust Co of Norman, OK failed on August 20, 1987. It opened on July 15, 1964, 23 years before. At its last report before that it held $87.8 million in assets and $95.8 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $40.6 million on it.
1984-031987-06
Assets at the end$87.8 millionlast report before August 20, 1987
Deposits at the end$95.8 million
Estimated loss to the fund$40.6 millionFDIC
Equity to assets-10.3%June 30, 1987
Loans not being repaid41.4%noncurrent, June 30, 1987
Return on assets-22.91%a year's rate, June 30, 1987
Staff72full time, June 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
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.