The Graveyard › Banks › 1985
First State Bank
Jet, OK · failed October 18, 1985 · FDIC certificate 14670
First State Bank of Jet, OK failed on October 18, 1985. It opened on April 11, 1902, 83 years before. At its last report before that it held $12.3 million in assets and $11.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1984, it held $14.2 million. The FDIC estimates that the FDIC's insurance fund lost $5.6 million on it.
1984-031985-03
Assets at the end$12.3 millionlast report before October 18, 1985
Deposits at the end$11.5 million
Estimated loss to the fund$5.6 millionFDIC
Largest in the quarterly reports$14.2 millionJune 30, 1984
Equity to assets6.3%March 31, 1985
Loans not being repaid6.0%noncurrent, March 31, 1985
Return on assets1.28%a year's rate, March 31, 1985
Staff9full time, 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.