The Graveyard › Banks › 1987
The First National Bank of Marlborough
Marlborough, MA · failed January 23, 1987 · FDIC certificate 2609
The First National Bank of Marlborough of Marlborough, MA failed on January 23, 1987. It opened in 1863, 124 years before. At its last report before that it held $60.7 million in assets and $55.9 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $18.7 million on it.
1984-031986-09
Assets at the end$60.7 millionlast report before January 23, 1987
Deposits at the end$55.9 million
Estimated loss to the fund$18.7 millionFDIC
Largest in the quarterly reports$60.7 millionSeptember 30, 1986
Equity to assets5.4%September 30, 1986
Loans not being repaid1.3%noncurrent, September 30, 1986
Return on assets1.75%a year's rate, September 30, 1986
Staff38full time, September 30, 1986
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.