The Graveyard › Banks › 1987
Life Savings of America
Rockford, IL · failed February 13, 1987 · FDIC certificate 31115
Life Savings of America of Rockford, IL failed on February 13, 1987. It opened on August 27, 1959, 27 years before. At its last report before that it held $342.3 million in assets and $339.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $448.9 million. The FDIC estimates that the FSLIC's fund lost $115.7 million on it.
1984-031986-12
Assets at the end$342.3 millionlast report before February 13, 1987
Deposits at the end$339.2 million
Estimated loss to the fund$115.7 millionFSLIC
Largest in the quarterly reports$448.9 millionDecember 31, 1985
Equity to assets-21.3%December 31, 1986
Loans not being repaid6.4%noncurrent, December 31, 1986
Return on assets-12.31%a year's rate, December 31, 1986
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.