The Graveyard › Banks › 1987
Clarks Fork National Bank
Fromberg, MT · failed March 19, 1987 · FDIC certificate 1108
Clarks Fork National Bank of Fromberg, MT failed on March 19, 1987. It opened on December 24, 1908, 78 years before. At its last report before that it held $8.4 million in assets and $8.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $11.4 million. The FDIC estimates that the FDIC's insurance fund lost $1.2 million on it.
1984-031986-12
Assets at the end$8.4 millionlast report before March 19, 1987
Deposits at the end$8.2 million
Estimated loss to the fund$1.2 millionFDIC
Largest in the quarterly reports$11.4 millionMarch 31, 1985
Equity to assets2.3%December 31, 1986
Loans not being repaid13.8%noncurrent, December 31, 1986
Return on assets-1.72%a year's rate, December 31, 1986
Staff8full 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.