The Graveyard › Banks › 1986
The First National Bank of Sheridan
Sheridan, WY · failed July 17, 1986 · FDIC certificate 2230
The First National Bank of Sheridan of Sheridan, WY failed on July 17, 1986. It opened in 1890, 96 years before. At its last report before that it held $69.3 million in assets and $63.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $80.2 million. The FDIC estimates that the FDIC's insurance fund lost $5.6 million on it.
1984-031986-03
Assets at the end$69.3 millionlast report before July 17, 1986
Deposits at the end$63.6 million
Estimated loss to the fund$5.6 millionFDIC
Largest in the quarterly reports$80.2 millionDecember 31, 1984
Equity to assets7.0%March 31, 1986
Loans not being repaid18.0%noncurrent, March 31, 1986
Return on assets-0.06%a year's rate, March 31, 1986
Staff65full time, March 31, 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.