The Graveyard › Banks › 1986
The First National Bank of Ruston
Ruston, LA · failed April 10, 1986 · FDIC certificate 14308
The First National Bank of Ruston of Ruston, LA failed on April 10, 1986. It opened in 1901, 85 years before. At its last report before that it held $31.5 million in assets and $31.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $45.1 million. The FDIC estimates that the FDIC's insurance fund lost $2.3 million on it.
1984-031985-12
Assets at the end$31.5 millionlast report before April 10, 1986
Deposits at the end$31.0 million
Estimated loss to the fund$2.3 millionFDIC
Largest in the quarterly reports$45.1 millionSeptember 30, 1984
Equity to assets0.5%December 31, 1985
Loans not being repaid10.7%noncurrent, December 31, 1985
Return on assets-5.62%a year's rate, December 31, 1985
Staff43full time, December 31, 1985
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.