The Graveyard › Banks › 1987
The First National Bank of Rush Springs
Rush Springs, OK · failed January 15, 1987 · FDIC certificate 4189
The First National Bank of Rush Springs of Rush Springs, OK failed on January 15, 1987. It opened on August 15, 1906, 80 years before. At its last report before that it held $12.8 million in assets and $12.5 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $3.7 million on it.
1984-031986-12
Assets at the end$12.8 millionlast report before January 15, 1987
Deposits at the end$12.5 million
Estimated loss to the fund$3.7 millionFDIC
Equity to assets1.6%December 31, 1986
Loans not being repaid17.5%noncurrent, December 31, 1986
Return on assets-0.36%a year's rate, December 31, 1986
Staff13full time, December 31, 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.