The Graveyard › Banks › 1987
Morocco State Bank
Morocco, IN · failed March 20, 1987 · FDIC certificate 13095
Morocco State Bank of Morocco, IN failed on March 20, 1987. It opened in 1931, 56 years before. At its last report before that it held $16.3 million in assets and $15.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $25.6 million. The FDIC estimates that the FDIC's insurance fund lost $1.7 million on it.
1984-031986-12
Assets at the end$16.3 millionlast report before March 20, 1987
Deposits at the end$15.8 million
Estimated loss to the fund$1.7 millionFDIC
Largest in the quarterly reports$25.6 millionSeptember 30, 1984
Equity to assets2.1%December 31, 1986
Loans not being repaid21.5%noncurrent, December 31, 1986
Return on assets-0.47%a year's rate, December 31, 1986
Staff11full time, 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.