The Graveyard › Banks › 1987
Security Bank of Rich Hill
Rich Hill · assisted June 5, 1987 · FDIC certificate 9806
Security Bank of Rich Hill of Rich Hill was given assistance by the FDIC on June 5, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on December 31, 1930, 56 years before. At its last report before that it held $13.0 million in assets and $12.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $225,000 on it.
1984-031987-03
Assets at the end$13.0 millionlast report before June 5, 1987
Deposits at the end$12.7 million
Estimated loss to the fund$225,000FDIC
Largest in the quarterly reports$13.2 millionDecember 31, 1986
Equity to assets1.2%March 31, 1987
Loans not being repaid4.4%noncurrent, March 31, 1987
Return on assets-10.73%a year's rate, March 31, 1987
Staff10full 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.