The Graveyard › Banks › 1985
Peoples Bank & Trust Co.
Wartburg, TN · failed February 8, 1985 · FDIC certificate 2393
Peoples Bank & Trust Co. of Wartburg, TN failed on February 8, 1985. It opened on May 26, 1926, 58 years before. At its last report before that it held $24.4 million in assets and $23.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $6.3 million on it.
1984-031984-09
Assets at the end$24.4 millionlast report before February 8, 1985
Deposits at the end$23.1 million
Estimated loss to the fund$6.3 millionFDIC
Largest in the quarterly reports$24.4 millionSeptember 30, 1984
Equity to assets4.7%September 30, 1984
Loans not being repaid9.6%noncurrent, September 30, 1984
Return on assets-2.10%a year's rate, September 30, 1984
Staff24full time, September 30, 1984
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion in assets
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.