The Graveyard › Banks › 2010

Allegiance Bank of North America

Bala Cynwyd, PA · failed November 19, 2010 · FDIC certificate 35078

Allegiance Bank of North America of Bala Cynwyd, PA failed on November 19, 2010. It opened on July 6, 1999, 11 years before. At its last report before that it held $106.6 million in assets and $92.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $166.4 million. The FDIC estimates that the Deposit Insurance Fund lost $12.7 million on it.

1999-092010-09

Assets at the end$106.6 millionlast report before November 19, 2010

Deposits at the end$92.0 million

Estimated loss to the fund$12.7 millionDIF

Largest in the quarterly reports$166.4 millionSeptember 30, 2008

Equity to assets1.4%September 30, 2010

Loans not being repaid8.8%noncurrent, September 30, 2010

Return on assets-5.22%a year's rate, September 30, 2010

Staff28full time, September 30, 2010

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Also ended in 2010

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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.