The Graveyard › Banks › 2009
America West Bank
Layton, UT · failed May 1, 2009 · FDIC certificate 35461
America West Bank of Layton, UT failed on May 1, 2009. It opened on May 18, 2000, 8 years before. At its last report before that it held $281.6 million in assets and $286.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $313.8 million. The FDIC estimates that the Deposit Insurance Fund lost $114.4 million on it.
2000-062009-03
Assets at the end$281.6 millionlast report before May 1, 2009
Deposits at the end$286.0 million
Estimated loss to the fund$114.4 millionDIF
Largest in the quarterly reports$313.8 millionSeptember 30, 2008
Equity to assets-2.1%March 31, 2009
Loans not being repaid17.2%noncurrent, March 31, 2009
Return on assets-26.59%a year's rate, March 31, 2009
Staff52full time, March 31, 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.