The Graveyard › Banks › 1987

Topeka Savings Association

Topeka, KS · failed October 20, 1987 · FDIC certificate 28147

Topeka Savings Association of Topeka, KS failed on October 20, 1987. It opened in 1922, 65 years before. At its last report before that it held $112.5 million in assets and $104.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $129.5 million. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.

1984-031987-09

Assets at the end$112.5 millionlast report before October 20, 1987

Deposits at the end$104.5 million

Estimated loss to the fundnot givenFSLIC

Largest in the quarterly reports$129.5 millionMarch 31, 1985

Equity to assets-10.7%September 30, 1987

Loans not being repaid30.6%noncurrent, September 30, 1987

Return on assets-11.64%a year's rate, September 30, 1987

Could you have seen it coming? Play Black Monday

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.