The Graveyard › Banks › 1987

The Falun State Bank

Falun · assisted December 29, 1987 · FDIC certificate 14094

The Falun State Bank of Falun was given assistance by the FDIC on December 29, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on May 1, 1905, 82 years before. At its last report before that it held $3.1 million in assets and $3.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $3.7 million. The FDIC estimates that the FDIC's insurance fund lost $50,000 on it.

1984-031987-09

Assets at the end$3.1 millionlast report before December 29, 1987

Deposits at the end$3.1 million

Estimated loss to the fund$50,000FDIC

Largest in the quarterly reports$3.7 millionDecember 31, 1984

Equity to assets0.2%September 30, 1987

Loans not being repaid4.7%noncurrent, September 30, 1987

Return on assets-4.84%a year's rate, September 30, 1987

Staff3full time, September 30, 1987

Could you have seen it coming? Play Black Monday

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.