The Graveyard › Banks › 1987
Farmers & Merchants Bank
Eufaula, OK · failed July 23, 1987 · FDIC certificate 5993
Farmers & Merchants Bank of Eufaula, OK failed on July 23, 1987. It opened in 1924, 63 years before. At its last report before that it held $11.5 million in assets and $13.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $3.5 million on it.
1984-031987-06
Assets at the end$11.5 millionlast report before July 23, 1987
Deposits at the end$13.9 million
Estimated loss to the fund$3.5 millionFDIC
Equity to assets-21.9%June 30, 1987
Loans not being repaid10.2%noncurrent, June 30, 1987
Return on assets-41.52%a year's rate, June 30, 1987
Staff12full time, June 30, 1987
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.