The Graveyard › Banks › 1987

Lyons Federal Trust & Savings

Countryside · assisted September 24, 1987 · FDIC certificate 29296

Lyons Federal Trust & Savings of Countryside was given assistance by the FSLIC on September 24, 1987. The FDIC's list records an assistance transaction, not a closing. It opened in 1922, 65 years before. At its last report before that it held $2.3 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $2.4 billion. The FDIC estimates that the FSLIC's fund lost $561.6 million on it.

1984-031987-06

Assets at the end$2.3 billionlast report before September 24, 1987

Deposits at the end$1.5 billion

Estimated loss to the fund$561.6 millionFSLIC

Largest in the quarterly reports$2.4 billionMarch 31, 1987

Equity to assets-5.1%June 30, 1987

Loans not being repaid14.9%noncurrent, June 30, 1987

Return on assets-9.01%a year's rate, June 30, 1987

Could you have seen it coming? Play Black Monday

Also ended in 1987

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
Victor S&LA · Muskogee, OK · $601.3 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.