The Graveyard › Banks › 2011
Atlantic Bank and Trust
Charleston, SC · failed June 3, 2011 · FDIC certificate 58420
Atlantic Bank and Trust of Charleston, SC failed on June 3, 2011. It opened on February 20, 2007, 4 years before. At its last report before that it held $208.2 million in assets and $191.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2010, it held $283.7 million. The FDIC estimates that the Deposit Insurance Fund lost $31.2 million on it.
2007-032011-03
Assets at the end$208.2 millionlast report before June 3, 2011
Deposits at the end$191.6 million
Estimated loss to the fund$31.2 millionDIF
Largest in the quarterly reports$283.7 millionMarch 31, 2010
Equity to assets1.4%March 31, 2011
Loans not being repaid27.0%noncurrent, March 31, 2011
Return on assets-7.79%a year's rate, March 31, 2011
Staff65full time, March 31, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 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.