The Graveyard › Banks › 1986

First Savings of America

Orland Park, IL · failed December 12, 1986 · FDIC certificate 29461

First Savings of America of Orland Park, IL failed on December 12, 1986. It opened in 1887, 99 years before. At its last report before that it held $47.0 million in assets and $56.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $64.2 million. 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.

1984-031986-09

Assets at the end$47.0 millionlast report before December 12, 1986

Deposits at the end$56.0 million

Estimated loss to the fundnot givenFSLIC

Largest in the quarterly reports$64.2 millionJune 30, 1985

Equity to assets-20.8%September 30, 1986

Loans not being repaid33.4%noncurrent, September 30, 1986

Return on assets-14.44%a year's rate, September 30, 1986

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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.