The Graveyard › Banks › 1985
Early Savings Bank
Early, IA · failed November 1, 1985 · FDIC certificate 10116
Early Savings Bank of Early, IA failed on November 1, 1985. It opened on June 1, 1927, 58 years before. At its last report before that it held $12.9 million in assets and $11.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $1.2 million on it.
1984-031985-09
Assets at the end$12.9 millionlast report before November 1, 1985
Deposits at the end$11.9 million
Estimated loss to the fund$1.2 millionFDIC
Equity to assets6.0%September 30, 1985
Loans not being repaid18.0%noncurrent, September 30, 1985
Return on assets-4.86%a year's rate, September 30, 1985
Staff10full time, 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.