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The Fairfield State Bank

Fairfield, NE · failed May 31, 1985 · FDIC certificate 18388

The Fairfield State Bank of Fairfield, NE failed on May 31, 1985. It opened on March 31, 1956, 29 years before. At its last report before that it held $6.8 million in assets and $6.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $7.7 million. The FDIC estimates that the FDIC's insurance fund lost $1.7 million on it.

1984-031985-03

Assets at the end$6.8 millionlast report before May 31, 1985

Deposits at the end$6.0 million

Estimated loss to the fund$1.7 millionFDIC

Largest in the quarterly reports$7.7 millionDecember 31, 1984

Equity to assets10.5%March 31, 1985

Loans not being repaid7.9%noncurrent, March 31, 1985

Return on assets1.10%a year's rate, March 31, 1985

Staff5full time, March 31, 1985

On the FDIC's list: FAIRFIELD STATE BANK.

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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.