The Graveyard › Banks › 1986
United Bank of Minneapolis
Minneapolis, KS · failed August 21, 1986 · FDIC certificate 9662
United Bank of Minneapolis of Minneapolis, KS failed on August 21, 1986. It opened in 1880, 106 years before. At its last report before that it held $22.7 million in assets and $22.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $29.8 million. The FDIC estimates that the FDIC's insurance fund lost $2.4 million on it.
1984-031986-06
Assets at the end$22.7 millionlast report before August 21, 1986
Deposits at the end$22.1 million
Estimated loss to the fund$2.4 millionFDIC
Largest in the quarterly reports$29.8 millionDecember 31, 1984
Equity to assets1.2%June 30, 1986
Loans not being repaid19.1%noncurrent, June 30, 1986
Return on assets-7.18%a year's rate, June 30, 1986
Staff17full time, June 30, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 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.