The Graveyard › Banks › 1987
The First State Bank
Willow, OK · failed August 20, 1987 · FDIC certificate 401
The First State Bank of Willow, OK failed on August 20, 1987. It opened in 1910, 77 years before. At its last report before that it held $6.7 million in assets and $6.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1986, it held $7.4 million. The FDIC estimates that the FDIC's insurance fund lost $1.5 million on it.
1984-031987-06
Assets at the end$6.7 millionlast report before August 20, 1987
Deposits at the end$6.2 million
Estimated loss to the fund$1.5 millionFDIC
Largest in the quarterly reports$7.4 millionJune 30, 1986
Equity to assets6.3%June 30, 1987
Loans not being repaid16.2%noncurrent, June 30, 1987
Return on assets-0.46%a year's rate, June 30, 1987
Staff5full 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.