The Graveyard › Banks › 1987
Beaver Creek State Bank
Beaver Creek, MN · failed March 13, 1987 · FDIC certificate 8846
Beaver Creek State Bank of Beaver Creek, MN failed on March 13, 1987. It opened on June 18, 1917, 69 years before. At its last report before that it held $7.3 million in assets and $7.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $8.7 million. The FDIC estimates that the FDIC's insurance fund lost $963,741 on it.
1984-031986-12
Assets at the end$7.3 millionlast report before March 13, 1987
Deposits at the end$7.1 million
Estimated loss to the fund$963,741FDIC
Largest in the quarterly reports$8.7 millionDecember 31, 1985
Equity to assets0.3%December 31, 1986
Loans not being repaid17.2%noncurrent, December 31, 1986
Return on assets-7.54%a year's rate, December 31, 1986
Staff5full time, December 31, 1986
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.