The Graveyard › Banks › 1985
First Trust Bank of Lakefield
Lakefield, MN · failed May 31, 1985 · FDIC certificate 5177
First Trust Bank of Lakefield of Lakefield, MN failed on May 31, 1985. At its last report before that it held $24.3 million in assets and $22.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $9.4 million on it.
1984-031985-03
Assets at the end$24.3 millionlast report before May 31, 1985
Deposits at the end$22.1 million
Estimated loss to the fund$9.4 millionFDIC
Largest in the quarterly reports$25.2 millionJune 30, 1984
Equity to assets7.4%March 31, 1985
Loans not being repaid14.3%noncurrent, March 31, 1985
Return on assets-0.65%a year's rate, March 31, 1985
Staff14full 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.