The Graveyard › Banks › 1987
American Security Bank
North Platte, NE · failed October 30, 1987 · FDIC certificate 21579
American Security Bank of North Platte, NE failed on October 30, 1987. It opened on May 13, 1974, 13 years before. At its last report before that it held $27.1 million in assets and $26.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $43.2 million. The FDIC estimates that the FDIC's insurance fund lost $3.7 million on it.
1984-031987-06
Assets at the end$27.1 millionlast report before October 30, 1987
Deposits at the end$26.5 million
Estimated loss to the fund$3.7 millionFDIC
Largest in the quarterly reports$43.2 millionDecember 31, 1984
Equity to assets0.2%June 30, 1987
Loans not being repaid8.6%noncurrent, June 30, 1987
Return on assets-4.62%a year's rate, June 30, 1987
Staff33full 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.