The Graveyard › Banks › 1987

Mt. Pleasant S&LA

Mt. Pleasant · assisted December 16, 1987 · FDIC certificate 28160

Mt. Pleasant S&LA of Mt. Pleasant was given assistance by the FSLIC on December 16, 1987. The FDIC's list records an assistance transaction, not a closing. It opened in 1919, 68 years before. At its last report before that it held $24.9 million in assets and $29.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $58.9 million. The FDIC estimates that the FSLIC's fund lost $7.0 million on it.

1984-031987-09

Assets at the end$24.9 millionlast report before December 16, 1987

Deposits at the end$29.3 million

Estimated loss to the fund$7.0 millionFSLIC

Largest in the quarterly reports$58.9 millionDecember 31, 1984

Equity to assets-18.4%September 30, 1987

Loans not being repaid11.8%noncurrent, September 30, 1987

Return on assets-6.30%a year's rate, September 30, 1987

Could you have seen it coming? Play Black Monday

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.