The Graveyard › Banks › 2002
Bank of Sierra Blanca
Sierra Blanca, TX · failed January 18, 2002 · FDIC certificate 22002
Bank of Sierra Blanca of Sierra Blanca, TX failed on January 18, 2002. It opened on May 8, 1975, 26 years before. At its last report before that it held $10.8 million in assets and $9.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1999, it held $15.2 million. The FDIC estimates that the Bank Insurance Fund lost $4.6 million on it.
1984-032001-09
Assets at the end$10.8 millionlast report before January 18, 2002
Deposits at the end$9.9 million
Estimated loss to the fund$4.6 millionBIF
Largest in the quarterly reports$15.2 millionSeptember 30, 1999
Equity to assets7.2%September 30, 2001
Loans not being repaid14.6%noncurrent, September 30, 2001
Return on assets-3.39%a year's rate, September 30, 2001
Staff8full time, September 30, 2001
Also ended in 2002
- Hamilton Bank, National Association · Miami, FL · $1.4 billion in assets
- Nextbank · Phoenix, AZ · $700.2 million in assets
- Connecticut Bank of Commerce · Stamford, CT · $384.2 million in assets
- AmTrade International Bank of Georgia · Atlanta, GA · $92.1 million in assets
- Oakwood Deposit Bank · Oakwood, OH · $72.3 million in assets
- The Bank of Alamo · Alamo, TN · $58.5 million 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.