The Graveyard › Banks › 1986
Farmers State Bank of Clarissa
Clarissa, MN · failed July 11, 1986 · FDIC certificate 9730
Farmers State Bank of Clarissa of Clarissa, MN failed on July 11, 1986. It opened on August 20, 1915, 70 years before. At its last report before that it held $17.9 million in assets and $16.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $19.8 million. The FDIC estimates that the FDIC's insurance fund lost $7.3 million on it.
1984-031986-03
Assets at the end$17.9 millionlast report before July 11, 1986
Deposits at the end$16.8 million
Estimated loss to the fund$7.3 millionFDIC
Largest in the quarterly reports$19.8 millionMarch 31, 1985
Equity to assets5.0%March 31, 1986
Loans not being repaid30.6%noncurrent, March 31, 1986
Return on assets-4.01%a year's rate, March 31, 1986
Staff11full time, March 31, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.