The Graveyard › Banks › 1987

Peoples Bank

Olive Hill, KY · failed December 3, 1987 · FDIC certificate 8783

Peoples Bank of Olive Hill, KY failed on December 3, 1987. It opened in 1913, 74 years before. At its last report before that it held $40.9 million in assets and $39.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $61.7 million. The FDIC estimates that the FDIC's insurance fund lost $7.6 million on it.

1984-031987-09

Assets at the end$40.9 millionlast report before December 3, 1987

Deposits at the end$39.5 million

Estimated loss to the fund$7.6 millionFDIC

Largest in the quarterly reports$61.7 millionMarch 31, 1986

Equity to assets2.2%September 30, 1987

Loans not being repaid12.8%noncurrent, September 30, 1987

Return on assets-1.32%a year's rate, September 30, 1987

Staff39full time, September 30, 1987

On the FDIC's list: THE PEOPLES BANK.

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.