The Graveyard › Banks › 1986

Industrial National Bank of East Chicago

East Chicago, IN · failed April 3, 1986 · FDIC certificate 22774

Industrial National Bank of East Chicago of East Chicago, IN failed on April 3, 1986. It opened on December 18, 1978, 7 years before. At its last report before that it held $8.4 million in assets and $8.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $11.7 million. The FDIC estimates that the FDIC's insurance fund lost $1.2 million on it.

1984-031985-12

Assets at the end$8.4 millionlast report before April 3, 1986

Deposits at the end$8.1 million

Estimated loss to the fund$1.2 millionFDIC

Largest in the quarterly reports$11.7 millionJune 30, 1985

Equity to assets0.5%December 31, 1985

Loans not being repaid17.6%noncurrent, December 31, 1985

Return on assets-4.73%a year's rate, December 31, 1985

Staff12full time, December 31, 1985

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Also ended in 1986

Western S&LA · Dallas, TX · $2.0 billion in assets
The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
Mainland S&LA · Houston, TX · $1.0 billion in assets
American Diversified Savings Bank · Costa Mesa · $978.6 million 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.