The Graveyard › Banks › 1986
Mendon State Bank
Mendon, IL · failed August 20, 1986 · FDIC certificate 13714
Mendon State Bank of Mendon, IL failed on August 20, 1986. It opened in 1914, 72 years before. At its last report before that it held $18.9 million in assets and $17.6 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $8.0 million on it.
1984-031986-06
Assets at the end$18.9 millionlast report before August 20, 1986
Deposits at the end$17.6 million
Estimated loss to the fund$8.0 millionFDIC
Largest in the quarterly reports$19.3 millionJune 30, 1985
Equity to assets6.0%June 30, 1986
Loans not being repaid7.2%noncurrent, June 30, 1986
Return on assets-4.62%a year's rate, June 30, 1986
Staff13full time, June 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 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.