The Graveyard › Banks › 1987
First State Bank at Shoshoni
Shoshoni, WY · failed December 18, 1987 · FDIC certificate 22904
First State Bank at Shoshoni of Shoshoni, WY failed on December 18, 1987. It opened on July 16, 1979, 8 years before. At its last report before that it held $4.6 million in assets and $4.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $7.4 million. The FDIC estimates that the FDIC's insurance fund lost $1.1 million on it.
1984-031987-09
Assets at the end$4.6 millionlast report before December 18, 1987
Deposits at the end$4.1 million
Estimated loss to the fund$1.1 millionFDIC
Largest in the quarterly reports$7.4 millionDecember 31, 1984
Equity to assets-1.1%September 30, 1987
Loans not being repaid18.6%noncurrent, September 30, 1987
Return on assets-8.95%a year's rate, September 30, 1987
Staff4full time, September 30, 1987
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.