The Graveyard › Banks › 1985
Citizens S&LA
Salem, OR · failed December 4, 1985 · FDIC certificate 31792
Citizens S&LA of Salem, OR failed on December 4, 1985. It opened in 1975, 10 years before. At its last report before that it held $239.7 million in assets and $153.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $253.4 million. The FDIC estimates that the FSLIC's fund lost $85.2 million on it.
1984-031985-09
Assets at the end$239.7 millionlast report before December 4, 1985
Deposits at the end$153.5 million
Estimated loss to the fund$85.2 millionFSLIC
Largest in the quarterly reports$253.4 millionDecember 31, 1984
Equity to assets-16.7%September 30, 1985
Loans not being repaid21.1%noncurrent, September 30, 1985
Return on assets-1.95%a year's rate, 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.