The Graveyard › Banks › 1987
First State Bank of Atmore
Atmore, AL · failed February 19, 1987 · FDIC certificate 24990
First State Bank of Atmore of Atmore, AL failed on February 19, 1987. It opened on February 22, 1984, 2 years before. At its last report before that it held $12.4 million in assets and $12.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $19.1 million. The FDIC's list records no loss to the FDIC's insurance fund.
1984-031986-12
Assets at the end$12.4 millionlast report before February 19, 1987
Deposits at the end$12.4 million
Estimated loss to the fundnone recordedFDIC
Largest in the quarterly reports$19.1 millionJune 30, 1985
Equity to assets-1.3%December 31, 1986
Loans not being repaid8.3%noncurrent, December 31, 1986
Return on assets-15.72%a year's rate, December 31, 1986
Staff19full 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.