The Graveyard › Banks › 2010
AmericanFirst Bank
Clermont, FL · failed April 16, 2010 · FDIC certificate 57724
AmericanFirst Bank of Clermont, FL failed on April 16, 2010. It opened on November 30, 2004, 5 years before. At its last report before that it held $104.0 million in assets and $100.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $109.4 million. The FDIC estimates that the Deposit Insurance Fund lost $16.4 million on it.
2004-122010-03
Assets at the end$104.0 millionlast report before April 16, 2010
Deposits at the end$100.1 million
Estimated loss to the fund$16.4 millionDIF
Largest in the quarterly reports$109.4 millionSeptember 30, 2009
Equity to assets-0.3%March 31, 2010
Loans not being repaid17.6%noncurrent, March 31, 2010
Return on assets-2.81%a year's rate, March 31, 2010
Staff20full time, March 31, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- 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.