The Graveyard › Banks › 1987
Mustang National Bank
Mustang, OK · failed September 17, 1987 · FDIC certificate 25733
Mustang National Bank of Mustang, OK failed on September 17, 1987. It opened on September 10, 1984, 3 years before. At its last report before that it held $12.1 million in assets and $11.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $13.6 million. The FDIC estimates that the FDIC's insurance fund lost $2.7 million on it.
1984-091987-06
Assets at the end$12.1 millionlast report before September 17, 1987
Deposits at the end$11.5 million
Estimated loss to the fund$2.7 millionFDIC
Largest in the quarterly reports$13.6 millionJune 30, 1986
Equity to assets3.9%June 30, 1987
Loans not being repaid21.5%noncurrent, June 30, 1987
Return on assets-2.60%a year's rate, June 30, 1987
Staff20full time, June 30, 1987
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.