The Graveyard › Banks › 1986

First Fs&La

Ashtabula · assisted January 2, 1986 · FDIC certificate 29406

First Fs&La of Ashtabula was given assistance by the FSLIC on January 2, 1986. The FDIC's list records an assistance transaction, not a closing. It opened on April 18, 1935, 50 years before. At its last report before that it held $52.8 million in assets and $55.7 million in deposits. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.

1984-031985-12

Assets at the end$52.8 millionlast report before January 2, 1986

Deposits at the end$55.7 million

Estimated loss to the fundnot givenFSLIC

Largest in the quarterly reports$54.0 millionJune 30, 1985

Equity to assets-9.9%December 31, 1985

Loans not being repaid3.8%noncurrent, December 31, 1985

Return on assets-1.32%a year's rate, December 31, 1985

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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.