The Graveyard › Banks › 1987

Stockmen's Bank and Trust Company

Gillette, WY · failed September 18, 1987 · FDIC certificate 8720

Stockmen's Bank and Trust Company of Gillette, WY failed on September 18, 1987. It opened on January 7, 1907, 80 years before. At its last report before that it held $117.4 million in assets and $111.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $191.6 million. The FDIC estimates that the FDIC's insurance fund lost $41.1 million on it.

1984-031987-06

Assets at the end$117.4 millionlast report before September 18, 1987

Deposits at the end$111.9 million

Estimated loss to the fund$41.1 millionFDIC

Largest in the quarterly reports$191.6 millionDecember 31, 1984

Equity to assets-6.7%June 30, 1987

Loans not being repaid26.6%noncurrent, June 30, 1987

Return on assets-21.30%a year's rate, June 30, 1987

Staff97full time, June 30, 1987

On the FDIC's list: STOCKMEN'S BANK & TRUST COMPANY.

Could you have seen it coming? Play Black Monday

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.