The Graveyard › Banks › 1987
Sierra S&LA
Gardnerville, NV · failed October 23, 1987 · FDIC certificate 31962
Sierra S&LA of Gardnerville, NV failed on October 23, 1987. It opened on March 9, 1979, 8 years before. At its last report before that it held $12.1 million in assets and $12.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $22.3 million. The FDIC estimates that the FSLIC's fund lost $563,800 on it.
1984-031987-09
Assets at the end$12.1 millionlast report before October 23, 1987
Deposits at the end$12.8 million
Estimated loss to the fund$563,800FSLIC
Largest in the quarterly reports$22.3 millionSeptember 30, 1984
Equity to assets-8.4%September 30, 1987
Loans not being repaid23.4%noncurrent, September 30, 1987
Return on assets-12.97%a year's rate, September 30, 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.