The Graveyard › Banks › 1987
Frontier S&LA
Fairbanks, AK · failed June 12, 1987 · FDIC certificate 32130
Frontier S&LA of Fairbanks, AK failed on June 12, 1987. It opened in 1979, 8 years before. At its last report before that it held $7.4 million in assets and $8.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $11.3 million. The FDIC estimates that the FSLIC's fund lost $2.4 million on it.
1984-031987-03
Assets at the end$7.4 millionlast report before June 12, 1987
Deposits at the end$8.0 million
Estimated loss to the fund$2.4 millionFSLIC
Largest in the quarterly reports$11.3 millionDecember 31, 1984
Equity to assets-9.0%March 31, 1987
Loans not being repaid16.5%noncurrent, March 31, 1987
Return on assets-9.38%a year's rate, March 31, 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.