The Graveyard › Banks › 1987
Community Bank
Seiling, OK · failed February 11, 1987 · FDIC certificate 24056
Community Bank of Seiling, OK failed on February 11, 1987. It opened on September 1, 1982, 4 years before. At its last report before that it held $5.1 million in assets and $5.4 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $2.4 million on it.
1984-031986-12
Assets at the end$5.1 millionlast report before February 11, 1987
Deposits at the end$5.4 million
Estimated loss to the fund$2.4 millionFDIC
Equity to assets-6.2%December 31, 1986
Loans not being repaid28.9%noncurrent, December 31, 1986
Return on assets-13.12%a year's rate, December 31, 1986
Staff6full 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.