The Graveyard › Banks › 1988
Aredale State Bank
Aredale, IA · failed January 20, 1988 · FDIC certificate 14376
Aredale State Bank of Aredale, IA failed on January 20, 1988. It opened on May 27, 1927, 60 years before. At its last report before that it held $9.6 million in assets and $9.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $10.1 million. The FDIC estimates that the FDIC's insurance fund lost $313,305 on it.
1984-031987-09
Assets at the end$9.6 millionlast report before January 20, 1988
Deposits at the end$9.1 million
Estimated loss to the fund$313,305FDIC
Largest in the quarterly reports$10.1 millionDecember 31, 1986
Equity to assets4.7%September 30, 1987
Loans not being repaid8.3%noncurrent, September 30, 1987
Return on assets-3.79%a year's rate, September 30, 1987
Staff4full time, September 30, 1987
Also ended in 1988
- American S&LA · Stockton · $30.2 billion in assets · assisted
- First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
- Gibraltar SA · Houston · $6.5 billion in assets · assisted
- United Savings Association of Texas · Houston · $4.6 billion in assets · assisted
- First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
- First Texas Savings Association · Dallas · $3.1 billion 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.