The Graveyard › Banks › 1987
First Sierra Bank
Bishop, CA · failed January 23, 1987 · FDIC certificate 23282
First Sierra Bank of Bishop, CA failed on January 23, 1987. It opened on November 26, 1980, 6 years before. At its last report before that it held $23.2 million in assets and $23.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $24.6 million. The FDIC estimates that the FDIC's insurance fund lost $4.1 million on it.
1984-031986-12
Assets at the end$23.2 millionlast report before January 23, 1987
Deposits at the end$23.0 million
Estimated loss to the fund$4.1 millionFDIC
Largest in the quarterly reports$24.6 millionMarch 31, 1986
Equity to assets0.4%December 31, 1986
Loans not being repaid9.7%noncurrent, December 31, 1986
Return on assets-1.96%a year's rate, December 31, 1986
Staff22full time, December 31, 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.