The Graveyard › Banks › 1987
State Bank of Cuba
Cuba, IL · failed January 9, 1987 · FDIC certificate 12548
State Bank of Cuba of Cuba, IL failed on January 9, 1987. It opened on June 28, 1902, 84 years before. At its last report before that it held $18.3 million in assets and $17.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $2.5 million on it.
1984-031986-09
Assets at the end$18.3 millionlast report before January 9, 1987
Deposits at the end$17.7 million
Estimated loss to the fund$2.5 millionFDIC
Equity to assets2.2%September 30, 1986
Loans not being repaid8.9%noncurrent, September 30, 1986
Return on assets-4.57%a year's rate, September 30, 1986
Staff14full time, September 30, 1986
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.