The Graveyard › Banks › 1985
Bank of Canton
Canton, OK · failed October 10, 1985 · FDIC certificate 15756
Bank of Canton of Canton, OK failed on October 10, 1985. It opened on November 26, 1902, 82 years before. At its last report before that it held $22.4 million in assets and $20.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $25.1 million. The FDIC estimates that the FDIC's insurance fund lost $8.6 million on it.
1984-031985-03
Assets at the end$22.4 millionlast report before October 10, 1985
Deposits at the end$20.6 million
Estimated loss to the fund$8.6 millionFDIC
Largest in the quarterly reports$25.1 millionSeptember 30, 1984
Equity to assets7.2%March 31, 1985
Loans not being repaid7.5%noncurrent, March 31, 1985
Return on assets1.83%a year's rate, March 31, 1985
Staff16full time, March 31, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion 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.