The Graveyard › Banks › 1985
Story County State Bank
Story City, IA · failed May 9, 1985 · FDIC certificate 5813
Story County State Bank of Story City, IA failed on May 9, 1985. It opened in 1931, 54 years before. At its last report before that it held $33.6 million in assets and $31.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $40.4 million. The FDIC estimates that the FDIC's insurance fund lost $6.6 million on it.
1984-031985-03
Assets at the end$33.6 millionlast report before May 9, 1985
Deposits at the end$31.6 million
Estimated loss to the fund$6.6 millionFDIC
Largest in the quarterly reports$40.4 millionSeptember 30, 1984
Equity to assets3.3%March 31, 1985
Loans not being repaid25.3%noncurrent, March 31, 1985
Return on assets-3.34%a year's rate, March 31, 1985
Staff19full time, March 31, 1985
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.