The Graveyard › Banks › 1987

First Continental Bank of Rockrimmon, N.A.

Colorado Springs, CO · failed July 9, 1987 · FDIC certificate 25652

First Continental Bank of Rockrimmon, N.A. of Colorado Springs, CO failed on July 9, 1987. It opened on September 18, 1984, 2 years before. At its last report before that it held $6.6 million in assets and $5.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $11.3 million. The FDIC estimates that the FDIC's insurance fund lost $4.1 million on it.

1984-091987-06

Assets at the end$6.6 millionlast report before July 9, 1987

Deposits at the end$5.7 million

Estimated loss to the fund$4.1 millionFDIC

Largest in the quarterly reports$11.3 millionSeptember 30, 1986

Equity to assets-10.2%June 30, 1987

Loans not being repaid26.2%noncurrent, June 30, 1987

Return on assets-24.74%a year's rate, June 30, 1987

Staff8full time, June 30, 1987

On the FDIC's list: FIRST CONTINENTAL BK OF ROCKRIMMON, N.A..

Could you have seen it coming? Play Black Monday

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.