The Graveyard › Banks › 1987
Osceola State Bank & Trust Company
Osceola, IA · failed April 23, 1987 · FDIC certificate 20304
Osceola State Bank & Trust Company of Osceola, IA failed on April 23, 1987. It opened on November 24, 1970, 16 years before. At its last report before that it held $8.6 million in assets and $7.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $11.5 million. The FDIC estimates that the FDIC's insurance fund lost $1.6 million on it.
1984-031987-03
Assets at the end$8.6 millionlast report before April 23, 1987
Deposits at the end$7.7 million
Estimated loss to the fund$1.6 millionFDIC
Largest in the quarterly reports$11.5 millionMarch 31, 1986
Equity to assets-0.6%March 31, 1987
Loans not being repaid8.2%noncurrent, March 31, 1987
Return on assets-15.42%a year's rate, March 31, 1987
Staff10full time, March 31, 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.