The Graveyard › Banks › 1985
Sierra Fs&La
Denver, CO · failed August 9, 1985 · FDIC certificate 31906
Sierra Fs&La of Denver, CO failed on August 9, 1985. It opened on December 13, 1977, 7 years before. At its last report before that it held $48.4 million in assets and $81.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $68.1 million. The FDIC estimates that the FSLIC's fund lost $56.3 million on it.
1984-031985-06
Assets at the end$48.4 millionlast report before August 9, 1985
Deposits at the end$81.5 million
Estimated loss to the fund$56.3 millionFSLIC
Largest in the quarterly reports$68.1 millionSeptember 30, 1984
Equity to assets-102.0%June 30, 1985
Loans not being repaid80.5%noncurrent, June 30, 1985
Return on assets-15.74%a year's rate, June 30, 1985
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.