The Graveyard › Banks › 1986

Citizens Fs&La

Cleveland · assisted August 29, 1986 · FDIC certificate 28326

Citizens Fs&La of Cleveland was given assistance by the FSLIC on August 29, 1986. The FDIC's list records an assistance transaction, not a closing. It opened in 1921, 65 years before. At its last report before that it held $434.8 million in assets and $475.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $535.5 million. The FDIC estimates that the FSLIC's fund lost $82.7 million on it.

1984-031986-06

Assets at the end$434.8 millionlast report before August 29, 1986

Deposits at the end$475.2 million

Estimated loss to the fund$82.7 millionFSLIC

Largest in the quarterly reports$535.5 millionMarch 31, 1985

Equity to assets-20.0%June 30, 1986

Loans not being repaid10.9%noncurrent, June 30, 1986

Return on assets-3.61%a year's rate, June 30, 1986

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Also ended in 1986

Western S&LA · Dallas, TX · $2.0 billion in assets
The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
Mainland S&LA · Houston, TX · $1.0 billion in assets
American Diversified Savings Bank · Costa Mesa · $978.6 million 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.