The Graveyard › Banks › 1987
Equitable S&LA
Stanton, CA · failed March 27, 1987 · FDIC certificate 31880
Equitable S&LA of Stanton, CA failed on March 27, 1987. It opened on June 13, 1977, 9 years before. At its last report before that it held $58.9 million in assets and $83.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $94.1 million. The FDIC estimates that the FSLIC's fund lost $29.2 million on it.
1984-031986-12
Assets at the end$58.9 millionlast report before March 27, 1987
Deposits at the end$83.7 million
Estimated loss to the fund$29.2 millionFSLIC
Largest in the quarterly reports$94.1 millionMarch 31, 1986
Equity to assets-50.7%December 31, 1986
Loans not being repaid15.2%noncurrent, December 31, 1986
Return on assets-26.20%a year's rate, 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.