The Graveyard › Banks › 1987

Crossroads Bank

Victoria · assisted December 3, 1987 · FDIC certificate 18844

Crossroads Bank of Victoria was given assistance by the FDIC on December 3, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on July 26, 1963, 24 years before. At its last report before that it held $25.1 million in assets and $25.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $34.1 million. The FDIC estimates that the FDIC's insurance fund lost $1.3 million on it.

1984-031987-09

Assets at the end$25.1 millionlast report before December 3, 1987

Deposits at the end$25.3 million

Estimated loss to the fund$1.3 millionFDIC

Largest in the quarterly reports$34.1 millionJune 30, 1985

Equity to assets-4.2%September 30, 1987

Loans not being repaid10.1%noncurrent, September 30, 1987

Return on assets-6.03%a year's rate, September 30, 1987

Staff30full time, September 30, 1987

Could you have seen it coming? Play Black Monday

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.