The Graveyard › Banks › 1987
Gibson Federal S&LA
Gibson City · assisted December 31, 1987 · FDIC certificate 31327
Gibson Federal S&LA of Gibson City was given assistance by the FSLIC on December 31, 1987. The FDIC's list records an assistance transaction, not a closing. It opened in 1894, 93 years before. At its last report before that it held $131.5 million in assets and $146.2 million in deposits. The FDIC estimates that the FSLIC's fund lost $37.4 million on it.
1984-031987-12
Assets at the end$131.5 millionlast report before December 31, 1987
Deposits at the end$146.2 million
Estimated loss to the fund$37.4 millionFSLIC
Equity to assets-24.7%December 31, 1987
Loans not being repaid6.3%noncurrent, December 31, 1987
Return on assets-2.78%a year's rate, December 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.