The Graveyard › Banks › 1987
Future S&LA
Albany, OR · failed April 10, 1987 · FDIC certificate 32028
Future S&LA of Albany, OR failed on April 10, 1987. It opened in 1978, 9 years before. At its last report before that it held $57.6 million in assets and $57.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $76.2 million. The FDIC estimates that the FSLIC's fund lost $15.8 million on it.
1984-031987-03
Assets at the end$57.6 millionlast report before April 10, 1987
Deposits at the end$57.7 million
Estimated loss to the fund$15.8 millionFSLIC
Largest in the quarterly reports$76.2 millionJune 30, 1986
Equity to assets-21.6%March 31, 1987
Loans not being repaid36.2%noncurrent, March 31, 1987
Return on assets-48.06%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.