The Graveyard › Banks › 1987
Yankee Bank for Finance & Saving
Boston, MA · failed October 16, 1987 · FDIC certificate 17888
Yankee Bank for Finance & Saving of Boston, MA failed on October 16, 1987. It opened in 1869, 118 years before. At its last report before that it held $525.5 million in assets and $488.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $581.6 million. The FDIC estimates that the FDIC's insurance fund lost $63.6 million on it.
1984-031987-06
Assets at the end$525.5 millionlast report before October 16, 1987
Deposits at the end$488.3 million
Estimated loss to the fund$63.6 millionFDIC
Largest in the quarterly reports$581.6 millionMarch 31, 1986
Equity to assets3.3%June 30, 1987
Loans not being repaid11.3%noncurrent, June 30, 1987
Return on assets-5.15%a year's rate, June 30, 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.