The Graveyard › Banks › 1985
Farmers State Bank of Kanaranzi
Kanaranzi, MN · failed October 18, 1985 · FDIC certificate 12189
Farmers State Bank of Kanaranzi of Kanaranzi, MN failed on October 18, 1985. It opened on December 1, 1915, 69 years before. At its last report before that it held $3.9 million in assets and $3.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $4.9 million. The FDIC estimates that the FDIC's insurance fund lost $997,195 on it.
1984-031985-03
Assets at the end$3.9 millionlast report before October 18, 1985
Deposits at the end$3.8 million
Estimated loss to the fund$997,195FDIC
Largest in the quarterly reports$4.9 millionJune 30, 1984
Equity to assets3.2%March 31, 1985
Loans not being repaid20.2%noncurrent, March 31, 1985
Return on assets-3.89%a year's rate, March 31, 1985
Staff4full time, March 31, 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.