The Graveyard › Banks › 1985
Usm (U.S. Mutual) S&LA
Ann Arbor, MI · failed November 26, 1985 · FDIC certificate 31761
Usm (U.S. Mutual) S&LA of Ann Arbor, MI failed on November 26, 1985. It opened on March 18, 1975, 10 years before. At its last report before that it held $306.1 million in assets and $287.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $340.1 million. The FDIC estimates that the FSLIC's fund lost $31.1 million on it.
1984-031985-09
Assets at the end$306.1 millionlast report before November 26, 1985
Deposits at the end$287.0 million
Estimated loss to the fund$31.1 millionFSLIC
Largest in the quarterly reports$340.1 millionDecember 31, 1984
Equity to assets-0.2%September 30, 1985
Loans not being repaid7.9%noncurrent, September 30, 1985
Return on assets-3.64%a year's rate, September 30, 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.