The Graveyard › Banks › 1985
The Bank of Commerce
Chanute, KS · failed May 2, 1985 · FDIC certificate 11775
The Bank of Commerce of Chanute, KS failed on May 2, 1985. It opened in 1894, 91 years before. At its last report before that it held $66.8 million in assets and $63.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $15.9 million on it.
1984-031985-03
Assets at the end$66.8 millionlast report before May 2, 1985
Deposits at the end$63.9 million
Estimated loss to the fund$15.9 millionFDIC
Equity to assets2.8%March 31, 1985
Loans not being repaid18.3%noncurrent, March 31, 1985
Return on assets-0.05%a year's rate, March 31, 1985
Staff49full 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.