The Graveyard › Banks › 1987

Liberty Bank and Trust Company

Greenwood, LA · failed June 26, 1987 · FDIC certificate 23131

Liberty Bank and Trust Company of Greenwood, LA failed on June 26, 1987. It opened on June 2, 1980, 7 years before. At its last report before that it held $12.6 million in assets and $12.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $20.8 million. The FDIC estimates that the FDIC's insurance fund lost $5.2 million on it.

1984-031987-03

Assets at the end$12.6 millionlast report before June 26, 1987

Deposits at the end$12.2 million

Estimated loss to the fund$5.2 millionFDIC

Largest in the quarterly reports$20.8 millionDecember 31, 1984

Equity to assets1.3%March 31, 1987

Loans not being repaid16.7%noncurrent, March 31, 1987

Return on assets-0.80%a year's rate, March 31, 1987

Staff13full time, March 31, 1987

On the FDIC's list: LIBERTY BANK & TRUST COMPANY.

Could you have seen it coming? Play Black Monday

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.