The Graveyard › Banks › 1987

The First National Bank of Braman

Braman, OK · failed April 9, 1987 · FDIC certificate 4047

The First National Bank of Braman of Braman, OK failed on April 9, 1987. It opened on April 18, 1911, 75 years before. At its last report before that it held $12.2 million in assets and $11.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $14.0 million. The FDIC estimates that the FDIC's insurance fund lost $4.8 million on it.

1984-031987-03

Assets at the end$12.2 millionlast report before April 9, 1987

Deposits at the end$11.7 million

Estimated loss to the fund$4.8 millionFDIC

Largest in the quarterly reports$14.0 millionDecember 31, 1986

Equity to assets0.2%March 31, 1987

Loans not being repaid3.6%noncurrent, March 31, 1987

Return on assets-10.12%a year's rate, March 31, 1987

Staff11full time, March 31, 1987

On the FDIC's list: FIRST NATIONAL BANK OF BRAMAN.

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Also ended in 1987

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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.