The Graveyard › Banks › 2009
Alliance Bank
Culver City, CA · failed February 6, 2009 · FDIC certificate 23124
Alliance Bank of Culver City, CA failed on February 6, 2009. It opened on May 15, 1980, 28 years before. At its last report before that it held $1.1 billion in assets and $951.1 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $118.1 million on it.
1984-032008-12
Assets at the end$1.1 billionlast report before February 6, 2009
Deposits at the end$951.1 million
Estimated loss to the fund$118.1 millionDIF
Largest in the quarterly reports$1.1 billionJune 30, 2008
Equity to assets1.5%December 31, 2008
Loans not being repaid10.9%noncurrent, December 31, 2008
Return on assets-5.92%a year's rate, December 31, 2008
Staff121full 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.