The Graveyard › Banks › 1987

The Farmers National Bank of Remington

Remington, IN · failed January 29, 1987 · FDIC certificate 4372

The Farmers National Bank of Remington of Remington, IN failed on January 29, 1987. It opened on July 12, 1919, 67 years before. At its last report before that it held $34.7 million in assets and $33.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $45.6 million. The FDIC estimates that the FDIC's insurance fund lost $7.8 million on it.

1984-031986-09

Assets at the end$34.7 millionlast report before January 29, 1987

Deposits at the end$33.5 million

Estimated loss to the fund$7.8 millionFDIC

Largest in the quarterly reports$45.6 millionDecember 31, 1984

Equity to assets-0.3%September 30, 1986

Loans not being repaid16.3%noncurrent, September 30, 1986

Return on assets-2.62%a year's rate, September 30, 1986

Staff34full time, September 30, 1986

Take today's blind test

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.