The Graveyard › Banks › 2002
AmTrade International Bank of Georgia
Atlanta, GA · failed September 30, 2002 · FDIC certificate 33784
AmTrade International Bank of Georgia of Atlanta, GA failed on September 30, 2002. It opened on March 19, 1993, 9 years before. At its last report before that it held $92.1 million in assets and $73.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1998, it held $149.9 million. The FDIC estimates that the Bank Insurance Fund lost $1.3 million on it.
1993-032002-06
Assets at the end$92.1 millionlast report before September 30, 2002
Deposits at the end$73.2 million
Estimated loss to the fund$1.3 millionBIF
Largest in the quarterly reports$149.9 millionMarch 31, 1998
Equity to assets3.9%June 30, 2002
Loans not being repaid42.4%noncurrent, June 30, 2002
Return on assets-9.85%a year's rate, June 30, 2002
Staff58full time, June 30, 2002
Also ended in 2002
- Hamilton Bank, National Association · Miami, FL · $1.4 billion in assets
- Nextbank · Phoenix, AZ · $700.2 million in assets
- Connecticut Bank of Commerce · Stamford, CT · $384.2 million in assets
- Oakwood Deposit Bank · Oakwood, OH · $72.3 million in assets
- The Bank of Alamo · Alamo, TN · $58.5 million in assets
- Universal FSB · Chicago, IL · $51.6 million 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.