The Graveyard › Banks › 2012
BankEast
Knoxville, TN · failed January 27, 2012 · FDIC certificate 19869
BankEast of Knoxville, TN failed on January 27, 2012. It opened on November 23, 1968, 43 years before. At its last report before that it held $261.9 million in assets and $259.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $368.3 million. The FDIC estimates that the Deposit Insurance Fund lost $74.1 million on it.
1984-032011-12
Assets at the end$261.9 millionlast report before January 27, 2012
Deposits at the end$259.6 million
Estimated loss to the fund$74.1 millionDIF
Largest in the quarterly reports$368.3 millionDecember 31, 2008
Equity to assets0.4%December 31, 2011
Loans not being repaid17.4%noncurrent, December 31, 2011
Return on assets-2.12%a year's rate, December 31, 2011
Staff79full time, December 31, 2011
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 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.