The Graveyard › Banks › 1987
First Charter Bank
Denver, CO · failed January 15, 1987 · FDIC certificate 23829
First Charter Bank of Denver, CO failed on January 15, 1987. It opened on June 1, 1982, 4 years before. At its last report before that it held $10.1 million in assets and $9.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $14.2 million. The FDIC estimates that the FDIC's insurance fund lost $3.0 million on it.
1984-031986-09
Assets at the end$10.1 millionlast report before January 15, 1987
Deposits at the end$9.3 million
Estimated loss to the fund$3.0 millionFDIC
Largest in the quarterly reports$14.2 millionDecember 31, 1984
Equity to assets7.0%September 30, 1986
Loans not being repaid20.3%noncurrent, September 30, 1986
Return on assets-3.62%a year's rate, September 30, 1986
Staff11full time, September 30, 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.