The Graveyard › Banks › 1985
First State Bank of Elgin
Elgin, OR · failed April 12, 1985 · FDIC certificate 16255
First State Bank of Elgin of Elgin, OR failed on April 12, 1985. It opened on May 1, 1945, 39 years before. At its last report before that it held $18.2 million in assets and $15.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $19.2 million. The FDIC estimates that the FDIC's insurance fund lost $4.9 million on it.
1984-031984-12
Assets at the end$18.2 millionlast report before April 12, 1985
Deposits at the end$15.8 million
Estimated loss to the fund$4.9 millionFDIC
Largest in the quarterly reports$19.2 millionSeptember 30, 1984
Equity to assets1.3%December 31, 1984
Loans not being repaid9.1%noncurrent, December 31, 1984
Return on assets-2.08%a year's rate, December 31, 1984
Staff30full time, December 31, 1984
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.