The Graveyard › Banks › 2011
Bank of Choice
Greeley, CO · failed July 22, 2011 · FDIC certificate 2994
Bank of Choice of Greeley, CO failed on July 22, 2011. It opened in 1896, 115 years before. At its last report before that it held $954.1 million in assets and $818.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2010, it held $1.3 billion. The FDIC estimates that the Deposit Insurance Fund lost $135.6 million on it.
1984-032011-06
Assets at the end$954.1 millionlast report before July 22, 2011
Deposits at the end$818.7 million
Estimated loss to the fund$135.6 millionDIF
Largest in the quarterly reports$1.3 billionMarch 31, 2010
Equity to assets1.9%June 30, 2011
Loans not being repaid15.9%noncurrent, June 30, 2011
Return on assets-2.82%a year's rate, June 30, 2011
Staff210full time, June 30, 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.