The Graveyard › Banks › 1986
The First National Bank in Rifle
Rifle, CO · failed August 21, 1986 · FDIC certificate 3051
The First National Bank in Rifle of Rifle, CO failed on August 21, 1986. It opened on April 11, 1931, 55 years before. At its last report before that it held $17.6 million in assets and $17.5 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $3.4 million on it.
1984-031986-06
Assets at the end$17.6 millionlast report before August 21, 1986
Deposits at the end$17.5 million
Estimated loss to the fund$3.4 millionFDIC
Equity to assets-1.9%June 30, 1986
Loans not being repaid28.0%noncurrent, June 30, 1986
Return on assets-5.18%a year's rate, June 30, 1986
Staff16full time, June 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 million 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.