The Graveyard › Banks › 1987
Bank of Granite
Granite, OK · failed July 30, 1987 · FDIC certificate 4104
Bank of Granite of Granite, OK failed on July 30, 1987. It opened in 1900, 87 years before. At its last report before that it held $13.2 million in assets and $13.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $15.7 million. The FDIC estimates that the FDIC's insurance fund lost $2.8 million on it.
1984-031987-06
Assets at the end$13.2 millionlast report before July 30, 1987
Deposits at the end$13.2 million
Estimated loss to the fund$2.8 millionFDIC
Largest in the quarterly reports$15.7 millionJune 30, 1986
Equity to assets-1.0%June 30, 1987
Loans not being repaid16.3%noncurrent, June 30, 1987
Return on assets-12.42%a year's rate, June 30, 1987
Staff8full 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.