The Graveyard › Banks › 1987
Heritage Bank & Trust
Salt Lake County, UT · failed April 29, 1987 · FDIC certificate 22548
Heritage Bank & Trust of Salt Lake County, UT failed on April 29, 1987. It opened on November 7, 1977, 9 years before. At its last report before that it held $17.6 million in assets and $16.2 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $109,734 on it.
1984-031987-03
Assets at the end$17.6 millionlast report before April 29, 1987
Deposits at the end$16.2 million
Estimated loss to the fund$109,734FDIC
Largest in the quarterly reports$17.9 millionSeptember 30, 1986
Equity to assets7.7%March 31, 1987
Loans not being repaid1.9%noncurrent, March 31, 1987
Return on assets0.09%a year's rate, March 31, 1987
Staff15full time, 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.