The Graveyard › Banks › 1987
Pelican State Bank
Mansfield, LA · failed June 24, 1987 · FDIC certificate 9321
Pelican State Bank of Mansfield, LA failed on June 24, 1987. It opened in 1911, 76 years before. At its last report before that it held $7.2 million in assets and $7.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $14.0 million. The FDIC estimates that the FDIC's insurance fund lost $3.4 million on it.
1984-031987-03
Assets at the end$7.2 millionlast report before June 24, 1987
Deposits at the end$7.0 million
Estimated loss to the fund$3.4 millionFDIC
Largest in the quarterly reports$14.0 millionMarch 31, 1985
Equity to assets1.6%March 31, 1987
Loans not being repaid44.3%noncurrent, March 31, 1987
Return on assets4.03%a year's rate, March 31, 1987
Staff15full 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.