The Graveyard › Banks › 2008
Alpha Bank & Trust
Alpharetta, GA · failed October 24, 2008 · FDIC certificate 58241
Alpha Bank & Trust of Alpharetta, GA failed on October 24, 2008. It opened on May 8, 2006, 2 years before. At its last report before that it held $354.1 million in assets and $344.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $385.2 million. The FDIC estimates that the Deposit Insurance Fund lost $211.3 million on it.
2006-062008-09
Assets at the end$354.1 millionlast report before October 24, 2008
Deposits at the end$344.2 million
Estimated loss to the fund$211.3 millionDIF
Largest in the quarterly reports$385.2 millionMarch 31, 2008
Equity to assets1.5%September 30, 2008
Loans not being repaid27.6%noncurrent, September 30, 2008
Return on assets-7.87%a year's rate, September 30, 2008
Staff35full time, September 30, 2008
Also ended in 2008
- Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
- Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
- Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
- IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
- Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
- Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 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.