The Graveyard › Banks › 1987
United Fs&La
Durant, OK · failed June 29, 1987 · FDIC certificate 29862
United Fs&La of Durant, OK failed on June 29, 1987. It opened in 1912, 75 years before. At its last report before that it held $89.8 million in assets and $78.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $98.6 million. The FDIC estimates that the FSLIC's fund lost $46.4 million on it.
1984-031987-03
Assets at the end$89.8 millionlast report before June 29, 1987
Deposits at the end$78.2 million
Estimated loss to the fund$46.4 millionFSLIC
Largest in the quarterly reports$98.6 millionJune 30, 1985
Equity to assets-4.1%March 31, 1987
Loans not being repaid22.9%noncurrent, March 31, 1987
Return on assets-1.39%a year's rate, 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.