The Graveyard › Banks › 2014
The Freedom State Bank
Freedom, OK · failed June 27, 2014 · FDIC certificate 12483
The Freedom State Bank of Freedom, OK failed on June 27, 2014. It opened in 1919, 95 years before. At its last report before that it held $22.8 million in assets and $20.9 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $3.7 million on it.
1984-032014-03
Assets at the end$22.8 millionlast report before June 27, 2014
Deposits at the end$20.9 million
Estimated loss to the fund$3.7 millionDIF
Largest in the quarterly reports$23.2 millionSeptember 30, 2012
Equity to assets8.5%March 31, 2014
Loans not being repaid3.7%noncurrent, March 31, 2014
Return on assets0.61%a year's rate, March 31, 2014
Staff5full time, March 31, 2014
Also ended in 2014
- The National Republic Bank of Chicago · Chicago, IL · $843.1 million in assets
- Valley Bank · Moline, IL · $456.4 million in assets
- The Bank of Union · El Reno, OK · $317.2 million in assets
- Eastside Commercial Bank · Conyers, GA · $173.9 million in assets
- Nbrs Financial Bank · Rising Sun, MD · $155.4 million in assets
- Syringa Bank · Boise, ID · $153.4 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.