The Graveyard › Banks › 1987

Liberty S&LA

New Port Richey, FL · failed May 15, 1987 · FDIC certificate 32138

Liberty S&LA of New Port Richey, FL failed on May 15, 1987. It opened on September 7, 1982, 4 years before. At its last report before that it held $98.7 million in assets and $115.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $149.9 million. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.

1984-031987-03

Assets at the end$98.7 millionlast report before May 15, 1987

Deposits at the end$115.5 million

Estimated loss to the fundnot givenFSLIC

Largest in the quarterly reports$149.9 millionJune 30, 1985

Equity to assets-18.4%March 31, 1987

Loans not being repaid26.7%noncurrent, March 31, 1987

Return on assets-5.05%a year's rate, March 31, 1987

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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.