The Graveyard › Banks › 2010
Advanta Bank Corp.
Draper, UT · failed March 19, 2010 · FDIC certificate 33535
Advanta Bank Corp. of Draper, UT failed on March 19, 2010. It opened on December 16, 1991, 18 years before. At its last report before that it held $1.5 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $3.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $521.5 million on it.
1991-122009-12
Assets at the end$1.5 billionlast report before March 19, 2010
Deposits at the end$1.5 billion
Estimated loss to the fund$521.5 millionDIF
Largest in the quarterly reports$3.1 billionDecember 31, 2008
Equity to assets-2.7%December 31, 2009
Loans not being repaid9.5%noncurrent, December 31, 2009
Return on assets-17.68%a year's rate, December 31, 2009
Staff124full time, December 31, 2009
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 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.