The Graveyard › Banks › 1985
First Fs&La of Freeport
Freeport · assisted May 28, 1985 · FDIC certificate 29052
First Fs&La of Freeport of Freeport was given assistance by the FSLIC on May 28, 1985. The FDIC's list records an assistance transaction, not a closing. It opened in 1893, 92 years before. At its last report before that it held $63.3 million in assets and $45.7 million in deposits. The FDIC estimates that the FSLIC's fund lost $13.6 million on it.
1984-031985-03
Assets at the end$63.3 millionlast report before May 28, 1985
Deposits at the end$45.7 million
Estimated loss to the fund$13.6 millionFSLIC
Largest in the quarterly reports$63.9 millionDecember 31, 1984
Equity to assets-3.9%March 31, 1985
Loans not being repaid3.8%noncurrent, March 31, 1985
Return on assets0.25%a year's rate, 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.