The Graveyard › Banks › 1986
Summit S&LA
Park City, UT · failed April 16, 1986 · FDIC certificate 31989
Summit S&LA of Park City, UT failed on April 16, 1986. It opened in 1978, 8 years before. At its last report before that it held $210.7 million in assets and $180.7 million in deposits. The FDIC estimates that the FSLIC's fund lost $46.1 million on it.
1984-031986-03
Assets at the end$210.7 millionlast report before April 16, 1986
Deposits at the end$180.7 million
Estimated loss to the fund$46.1 millionFSLIC
Largest in the quarterly reports$210.7 millionMarch 31, 1986
Equity to assets2.0%March 31, 1986
Loans not being repaid26.0%noncurrent, March 31, 1986
Return on assets-0.45%a year's rate, March 31, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.