The Graveyard › Banks › 2009
AmTrust Bank
Cleveland, OH · failed December 4, 2009 · FDIC certificate 29776
AmTrust Bank of Cleveland, OH failed on December 4, 2009. It opened in 1921, 88 years before. At its last report before that it held $11.4 billion in assets and $8.6 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2007, it held $18.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $1.7 billion on it.
1984-032009-09
Assets at the end$11.4 billionlast report before December 4, 2009
Deposits at the end$8.6 billion
Estimated loss to the fund$1.7 billionDIF
Largest in the quarterly reports$18.1 billionJune 30, 2007
Equity to assets2.4%September 30, 2009
Loans not being repaid10.0%noncurrent, September 30, 2009
Return on assets-4.72%a year's rate, September 30, 2009
Staff1,728full time, September 30, 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.