Data / Bank failures / 1987 / Morocco State Bank
Morocco State Bank, Morocco, IN: failed March 20, 1987
Morocco State Bank in Morocco, Indiana, failed on March 20, 1987. De Motte State Bank of Demotte, IN, took over its deposits. It held $16.3 million in assets and $15.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.7 million (10.5% of its assets). By assets it was the 166th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- March 20, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- De Motte State Bank, Demotte, IN
- Total assets
- $16,299,000
- Total deposits
- $15,779,000
- Estimated cost to the FDIC
- $1,710,449 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 13095
Other bank failures in Indiana, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First Federal S & L /central Indiana | Anderson | November 16, 1989 | $192.4 million | $176.7 million | $15.1 million | Shelby FSB |
| Pioneer Savings FA | Plymouth | July 13, 1989 | $81 million | $92.3 million | $1.2 million | Ameritrust NB |
| Capital FS&LA (assistance) | Gary | October 12, 1988 | $51.4 million | $55.7 million | $6.5 million | First FSB of Indiana |
| First FSB of Indiana (assistance) | Merrillville | October 12, 1988 | $271.5 million | $287 million | $22.5 million | First FSB of Indiana |
| Liberty Bank & Trust Company | Warsaw | October 3, 1988 | $48.7 million | $45.8 million | $7.8 million | Trustcorp Bank Goshen |
| Citizens FS&LA of New Castle (assistance) | New Castle | September 30, 1988 | $51.9 million | $57 million | $5.3 million | Ameriana Savings Bank FSB |
| United Sa of Central Indiana (assistance) | Tipton | September 1, 1988 | $57.3 million | $65.1 million | $6.9 million | First Federal Bank A FSB |
| Frankton FS&LA (assistance) | Frankton | September 1, 1988 | $30.6 million | $33.1 million | $3 million | Union FSB of Frankton |
All bank failures in 1987 · All bank failures in Indiana · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.