The Graveyard › Banks › 1986

First State S&LA

Spartansburg · assisted October 23, 1986 · FDIC certificate 30071

First State S&LA of Spartansburg was given assistance by the FSLIC on October 23, 1986. The FDIC's list records an assistance transaction, not a closing. It opened in 1937, 49 years before. At its last report before that it held $78.8 million in assets and $77.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $86.7 million. The FDIC estimates that the FSLIC's fund lost $64,402 on it.

1984-031986-09

Assets at the end$78.8 millionlast report before October 23, 1986

Deposits at the end$77.9 million

Estimated loss to the fund$64,402FSLIC

Largest in the quarterly reports$86.7 millionDecember 31, 1984

Equity to assets-1.0%September 30, 1986

Loans not being repaid1.2%noncurrent, September 30, 1986

Return on assets0.09%a year's rate, September 30, 1986

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Also ended in 1986

Western S&LA · Dallas, TX · $2.0 billion in assets
The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
Mainland S&LA · Houston, TX · $1.0 billion in assets
American Diversified Savings Bank · Costa Mesa · $978.6 million 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.