The Graveyard › Banks › 1985
Bank of Panama
Panama, NE · failed December 19, 1985 · FDIC certificate 18726
Bank of Panama of Panama, NE failed on December 19, 1985. It opened in 1891, 94 years before. At its last report before that it held $4.4 million in assets and $4.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $6.0 million. The FDIC estimates that the FDIC's insurance fund lost $1.4 million on it.
1984-031985-09
Assets at the end$4.4 millionlast report before December 19, 1985
Deposits at the end$4.3 million
Estimated loss to the fund$1.4 millionFDIC
Largest in the quarterly reports$6.0 millionJune 30, 1984
Equity to assets0.6%September 30, 1985
Loans not being repaid24.1%noncurrent, September 30, 1985
Return on assets-11.06%a year's rate, September 30, 1985
Staff6full time, September 30, 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.