The Graveyard › Banks › 1985

State Fs&La

Corvallis, OR · failed December 6, 1985 · FDIC certificate 31354

State Fs&La of Corvallis, OR failed on December 6, 1985. It opened on December 21, 1962, 22 years before. At its last report before that it held $563.9 million in assets and $443.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $626.2 million. The FDIC estimates that the FSLIC's fund lost $249.0 million on it.

1984-031985-09

Assets at the end$563.9 millionlast report before December 6, 1985

Deposits at the end$443.9 million

Estimated loss to the fund$249.0 millionFSLIC

Largest in the quarterly reports$626.2 millionMarch 31, 1985

Equity to assets-19.5%September 30, 1985

Loans not being repaid37.8%noncurrent, September 30, 1985

Return on assets-26.03%a year's rate, September 30, 1985

On the FDIC's list: STATE FS&LA.

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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.