The Graveyard › Banks › 2010

Bank of Ellijay

Ellijay, GA · failed September 17, 2010 · FDIC certificate 58197

Bank of Ellijay of Ellijay, GA failed on September 17, 2010. It opened on April 3, 2006, 4 years before. At its last report before that it held $168.8 million in assets and $160.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $182.0 million. The FDIC estimates that the Deposit Insurance Fund lost $79.7 million on it.

2006-062010-06

Assets at the end$168.8 millionlast report before September 17, 2010

Deposits at the end$160.7 million

Estimated loss to the fund$79.7 millionDIF

Largest in the quarterly reports$182.0 millionMarch 31, 2009

Equity to assets0.6%June 30, 2010

Loans not being repaid32.7%noncurrent, June 30, 2010

Return on assets-8.34%a year's rate, June 30, 2010

Staff27full time, June 30, 2010

On the FDIC's list: THE BANK OF ELLIJAY.

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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.