The Graveyard › Banks › 1987
Sweeney Bank
Sweeney, TX · failed March 19, 1987 · FDIC certificate 16856
Sweeney Bank of Sweeney, TX failed on March 19, 1987. It opened on November 22, 1949, 37 years before. At its last report before that it held $19.7 million in assets and $20.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $39.9 million. The FDIC estimates that the FDIC's insurance fund lost $6.0 million on it.
1984-031986-12
Assets at the end$19.7 millionlast report before March 19, 1987
Deposits at the end$20.1 million
Estimated loss to the fund$6.0 millionFDIC
Largest in the quarterly reports$39.9 millionSeptember 30, 1984
Equity to assets-4.3%December 31, 1986
Loans not being repaid21.3%noncurrent, December 31, 1986
Return on assets-8.70%a year's rate, December 31, 1986
Staff20full time, December 31, 1986
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.