The Graveyard › Banks › 1987
The First National Bank of Tipton
Tipton, OK · failed September 3, 1987 · FDIC certificate 4210
The First National Bank of Tipton of Tipton, OK failed on September 3, 1987. It opened in 1917, 70 years before. At its last report before that it held $8.2 million in assets and $7.2 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $4.4 million on it.
1984-031987-06
Assets at the end$8.2 millionlast report before September 3, 1987
Deposits at the end$7.2 million
Estimated loss to the fund$4.4 millionFDIC
Largest in the quarterly reports$8.2 millionJune 30, 1987
Equity to assets6.0%June 30, 1987
Loans not being repaid8.3%noncurrent, June 30, 1987
Return on assets-0.45%a year's rate, June 30, 1987
Staff8full time, June 30, 1987
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.