The Graveyard › Banks › 2009
Bank of Elmwood
Racine, WI · failed October 23, 2009 · FDIC certificate 18321
Bank of Elmwood of Racine, WI failed on October 23, 2009. It opened on December 8, 1960, 48 years before. At its last report before that it held $327.4 million in assets and $272.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $366.2 million. The FDIC estimates that the Deposit Insurance Fund lost $99.5 million on it.
1984-032009-09
Assets at the end$327.4 millionlast report before October 23, 2009
Deposits at the end$272.8 million
Estimated loss to the fund$99.5 millionDIF
Largest in the quarterly reports$366.2 millionDecember 31, 2007
Equity to assets2.3%September 30, 2009
Loans not being repaid11.7%noncurrent, September 30, 2009
Return on assets-1.72%a year's rate, September 30, 2009
Staff80full 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.