The Graveyard › Banks › 1985
Tower Bank, N.A.
Hialeah Gardens, FL · failed October 3, 1985 · FDIC certificate 24573
Tower Bank, N.A. of Hialeah Gardens, FL failed on October 3, 1985. It opened on April 25, 1983, 2 years before. At its last report before that it held $20.5 million in assets and $19.7 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $2.7 million on it.
1984-031985-03
Assets at the end$20.5 millionlast report before October 3, 1985
Deposits at the end$19.7 million
Estimated loss to the fund$2.7 millionFDIC
Largest in the quarterly reports$18.8 millionMarch 31, 1985
Equity to assets4.9%March 31, 1985
Loans not being repaid5.2%noncurrent, March 31, 1985
Return on assets-6.72%a year's rate, March 31, 1985
Staff30full time, March 31, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion 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.