The Graveyard › Banks › 1985
Sunrise, S&LA
Lake Worth, FL · failed July 18, 1985 · FDIC certificate 32016
Sunrise, S&LA of Lake Worth, FL failed on July 18, 1985. It opened on May 21, 1980, 5 years before. At its last report before that it held $1.5 billion in assets and $1.5 billion in deposits. The FDIC estimates that the FSLIC's fund lost $419.2 million on it.
1984-031985-06
Assets at the end$1.5 billionlast report before July 18, 1985
Deposits at the end$1.5 billion
Estimated loss to the fund$419.2 millionFSLIC
Largest in the quarterly reports$1.6 billionJune 30, 1985
Equity to assets-2.5%June 30, 1985
Loans not being repaid43.7%noncurrent, June 30, 1985
Return on assets-7.77%a year's rate, June 30, 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
- Southern California S&LA · Beverly Hills · $1.5 billion 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.