The Graveyard › Banks › 1985
Sun Belt Federal Bank, FSB
Lake Providence, LA · failed June 25, 1985 · FDIC certificate 28913
Sun Belt Federal Bank, FSB of Lake Providence, LA failed on June 25, 1985. It opened in 1933, 52 years before. At its last report before that it held $278.3 million in assets and $269.1 million in deposits. The FDIC estimates that the FSLIC's fund lost $156.2 million on it.
1984-031985-03
Assets at the end$278.3 millionlast report before June 25, 1985
Deposits at the end$269.1 million
Estimated loss to the fund$156.2 millionFSLIC
Largest in the quarterly reports$278.3 millionMarch 31, 1985
Equity to assets1.1%March 31, 1985
Loans not being repaid12.7%noncurrent, March 31, 1985
Return on assets-0.16%a year's rate, 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.