The Graveyard › Banks › 1989
The Burr Oak State Bank
Burr Oak, KS · failed August 31, 1989 · FDIC certificate 9657
The Burr Oak State Bank of Burr Oak, KS failed on August 31, 1989. It opened in 1905, 84 years before. At its last report before that it held $4.4 million in assets and $4.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $5.9 million. The FDIC estimates that the Bank Insurance Fund lost $457,197 on it.
1984-031989-06
Assets at the end$4.4 millionlast report before August 31, 1989
Deposits at the end$4.1 million
Estimated loss to the fund$457,197BIF
Largest in the quarterly reports$5.9 millionDecember 31, 1984
Equity to assets3.1%June 30, 1989
Loans not being repaid21.4%noncurrent, June 30, 1989
Return on assets-8.53%a year's rate, June 30, 1989
Staff3full time, June 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.