The Graveyard › Banks › 1984
Peoples State Bank of Clay County
Poland, IN · failed August 10, 1984 · FDIC certificate 10480
Peoples State Bank of Clay County of Poland, IN failed on August 10, 1984. It opened on March 9, 1934, 50 years before. At its last report before that it held $17.7 million in assets and $17.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $5.1 million on it.
Assets at the end$17.7 millionlast report before August 10, 1984
Deposits at the end$17.1 million
Estimated loss to the fund$5.1 millionFDIC
Equity to assets2.6%March 31, 1984
Loans not being repaid6.9%noncurrent, March 31, 1984
Return on assets-13.82%a year's rate, March 31, 1984
Staff16full time, March 31, 1984
Also ended in 1984
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- Continental Fs&La · Cleveland · $1.0 billion in assets · assisted
- San Marino S&LA · San Marino, CA · $856.8 million in assets
- Suburbia Fs&La · Garden City · $660.2 million in assets · assisted
- Century Fs&La · Cedarhurst · $651.7 million in assets · assisted
- Orange Savings Bank · Livingston · $513.4 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.