The Graveyard › Banks › 2010
Bank of Florida - Southeast
Fort Lauderdale, FL · failed May 28, 2010 · FDIC certificate 57360
Bank of Florida - Southeast of Fort Lauderdale, FL failed on May 28, 2010. It opened on July 16, 2002, 7 years before. At its last report before that it held $595.3 million in assets and $531.8 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $60.5 million on it.
2002-092010-03
Assets at the end$595.3 millionlast report before May 28, 2010
Deposits at the end$531.8 million
Estimated loss to the fund$60.5 millionDIF
Largest in the quarterly reports$595.3 millionMarch 31, 2010
Equity to assets1.2%March 31, 2010
Loans not being repaid15.1%noncurrent, March 31, 2010
Return on assets-9.51%a year's rate, March 31, 2010
Staff47full time, March 31, 2010
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.