The Graveyard › Banks › 1987
The Citizens Bank
Drumright, OK · failed September 24, 1987 · FDIC certificate 425
The Citizens Bank of Drumright, OK failed on September 24, 1987. It opened on August 1, 1932, 55 years before. At its last report before that it held $35.1 million in assets and $33.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $44.5 million. The FDIC estimates that the FDIC's insurance fund lost $14.6 million on it.
1984-031987-06
Assets at the end$35.1 millionlast report before September 24, 1987
Deposits at the end$33.4 million
Estimated loss to the fund$14.6 millionFDIC
Largest in the quarterly reports$44.5 millionDecember 31, 1984
Equity to assets3.8%June 30, 1987
Loans not being repaid22.1%noncurrent, June 30, 1987
Return on assets-5.14%a year's rate, June 30, 1987
Staff20full time, June 30, 1987
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.