The Graveyard › Banks › 1986
Rainsville Bank
Rainsville, AL · failed May 9, 1986 · FDIC certificate 19216
Rainsville Bank of Rainsville, AL failed on May 9, 1986. It opened on August 29, 1964, 21 years before. At its last report before that it held $17.5 million in assets and $16.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $565,811 on it.
1984-031986-03
Assets at the end$17.5 millionlast report before May 9, 1986
Deposits at the end$16.1 million
Estimated loss to the fund$565,811FDIC
Equity to assets4.9%March 31, 1986
Loans not being repaid14.9%noncurrent, March 31, 1986
Return on assets-12.77%a year's rate, March 31, 1986
Staff18full time, March 31, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.