The Graveyard › Banks › 1987

American National Bank of Grand Junction

Grand Junction, CO · failed January 8, 1987 · FDIC certificate 25053

American National Bank of Grand Junction of Grand Junction, CO failed on January 8, 1987. It opened on February 27, 1984, 2 years before. At its last report before that it held $7.7 million in assets and $7.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $9.9 million. The FDIC estimates that the FDIC's insurance fund lost $1.6 million on it.

1984-031986-12

Assets at the end$7.7 millionlast report before January 8, 1987

Deposits at the end$7.2 million

Estimated loss to the fund$1.6 millionFDIC

Largest in the quarterly reports$9.9 millionJune 30, 1986

Equity to assets1.1%December 31, 1986

Loans not being repaid20.0%noncurrent, December 31, 1986

Return on assets-5.65%a year's rate, December 31, 1986

Staff8full time, December 31, 1986

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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.