The Graveyard › Banks › 2009
American Southern Bank
Kennesaw, GA · failed April 24, 2009 · FDIC certificate 57943
American Southern Bank of Kennesaw, GA failed on April 24, 2009. It opened on August 30, 2005, 3 years before. At its last report before that it held $106.0 million in assets and $105.9 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $32.8 million on it.
2005-092009-03
Assets at the end$106.0 millionlast report before April 24, 2009
Deposits at the end$105.9 million
Estimated loss to the fund$32.8 millionDIF
Largest in the quarterly reports$110.1 millionDecember 31, 2008
Equity to assets-0.3%March 31, 2009
Loans not being repaid16.9%noncurrent, March 31, 2009
Return on assets-3.11%a year's rate, March 31, 2009
Staff13full 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.