The Graveyard › Banks › 2009
Affinity Bank
Ventura, CA · failed August 28, 2009 · FDIC certificate 27197
Affinity Bank of Ventura, CA failed on August 28, 2009. It opened on September 19, 1982, 26 years before. At its last report before that it held $1.2 billion in assets and $905.6 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $234.1 million on it.
1988-062009-06
Assets at the end$1.2 billionlast report before August 28, 2009
Deposits at the end$905.6 million
Estimated loss to the fund$234.1 millionDIF
Largest in the quarterly reports$1.2 billionSeptember 30, 2008
Equity to assets0.7%June 30, 2009
Loans not being repaid10.8%noncurrent, June 30, 2009
Return on assets-6.75%a year's rate, June 30, 2009
Staff147full time, June 30, 2009
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.