The Graveyard › Banks › 1987
Lanesboro State Bank
Lanesboro, MN · failed June 26, 1987 · FDIC certificate 12190
Lanesboro State Bank of Lanesboro, MN failed on June 26, 1987. It opened in 1868, 119 years before. At its last report before that it held $11.4 million in assets and $11.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $13.7 million. The FDIC estimates that the FDIC's insurance fund lost $2.3 million on it.
1984-031987-03
Assets at the end$11.4 millionlast report before June 26, 1987
Deposits at the end$11.0 million
Estimated loss to the fund$2.3 millionFDIC
Largest in the quarterly reports$13.7 millionDecember 31, 1985
Equity to assets2.5%March 31, 1987
Loans not being repaid12.4%noncurrent, March 31, 1987
Return on assets-5.70%a year's rate, March 31, 1987
Staff9full 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.