The Graveyard › Banks › 1987

Valley Bank of Belgrade

Belgrade · assisted July 31, 1987 · FDIC certificate 15276

Valley Bank of Belgrade of Belgrade was given assistance by the FDIC on July 31, 1987. The FDIC's list records an assistance transaction, not a closing. It opened on May 6, 1902, 85 years before. At its last report before that it held $18.6 million in assets and $16.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $19.9 million. The FDIC estimates that the FDIC's insurance fund lost $3.0 million on it.

1984-031987-06

Assets at the end$18.6 millionlast report before July 31, 1987

Deposits at the end$16.4 million

Estimated loss to the fund$3.0 millionFDIC

Largest in the quarterly reports$19.9 millionDecember 31, 1986

Equity to assets6.2%June 30, 1987

Loans not being repaid16.1%noncurrent, June 30, 1987

Return on assets-0.49%a year's rate, June 30, 1987

Staff25full time, June 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.