The Graveyard › Banks › 1987
The Peoples Bank
Collinsville, AL · failed April 22, 1987 · FDIC certificate 76
The Peoples Bank of Collinsville, AL failed on April 22, 1987. It opened on September 30, 1919, 67 years before. At its last report before that it held $11.9 million in assets and $11.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $13.7 million. The FDIC estimates that the FDIC's insurance fund lost $934,187 on it.
1984-031987-03
Assets at the end$11.9 millionlast report before April 22, 1987
Deposits at the end$11.9 million
Estimated loss to the fund$934,187FDIC
Largest in the quarterly reports$13.7 millionMarch 31, 1986
Equity to assets-0.6%March 31, 1987
Loans not being repaid3.1%noncurrent, March 31, 1987
Return on assets-28.58%a year's rate, March 31, 1987
Staff11full time, March 31, 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.