The Graveyard › Banks › 1985
Farmers Savings Bank
Massena, IA · failed May 3, 1985 · FDIC certificate 16573
Farmers Savings Bank of Massena, IA failed on May 3, 1985. It opened in 1897, 88 years before. At its last report before that it held $16.9 million in assets and $15.4 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $6.4 million on it.
1984-031984-12
Assets at the end$16.9 millionlast report before May 3, 1985
Deposits at the end$15.4 million
Estimated loss to the fund$6.4 millionFDIC
Largest in the quarterly reports$16.9 millionDecember 31, 1984
Equity to assets6.2%December 31, 1984
Loans not being repaid1.9%noncurrent, December 31, 1984
Return on assets-0.21%a year's rate, December 31, 1984
Staff8full time, December 31, 1984
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.