The Graveyard › Banks › 2009
1st Centennial Bank
Redlands, CA · failed January 23, 2009 · FDIC certificate 33025
1st Centennial Bank of Redlands, CA failed on January 23, 2009. It opened on August 1, 1990, 18 years before. At its last report before that it held $798.0 million in assets and $678.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $938.2 million. The FDIC estimates that the Deposit Insurance Fund lost $136.0 million on it.
1990-092008-12
Assets at the end$798.0 millionlast report before January 23, 2009
Deposits at the end$678.6 million
Estimated loss to the fund$136.0 millionDIF
Largest in the quarterly reports$938.2 millionSeptember 30, 2008
Equity to assets1.4%December 31, 2008
Loans not being repaid18.7%noncurrent, December 31, 2008
Return on assets-6.41%a year's rate, December 31, 2008
Staff129full time, December 31, 2008
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion 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.