The Graveyard › Banks › 1987
State Bank of Commerce
Slidell, LA · failed December 3, 1987 · FDIC certificate 24921
State Bank of Commerce of Slidell, LA failed on December 3, 1987. It opened on January 30, 1984, 3 years before. At its last report before that it held $49.2 million in assets and $48.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1986, it held $53.9 million. The FDIC estimates that the FDIC's insurance fund lost $14.2 million on it.
1984-031987-09
Assets at the end$49.2 millionlast report before December 3, 1987
Deposits at the end$48.6 million
Estimated loss to the fund$14.2 millionFDIC
Largest in the quarterly reports$53.9 millionSeptember 30, 1986
Equity to assets0.2%September 30, 1987
Loans not being repaid12.4%noncurrent, September 30, 1987
Return on assets-5.99%a year's rate, September 30, 1987
Staff27full time, 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.