The Graveyard › Banks › 2011
BankMeridian, N.A.
Columbia, SC · failed July 29, 2011 · FDIC certificate 58222
BankMeridian, N.A. of Columbia, SC failed on July 29, 2011. It opened on May 18, 2006, 5 years before. At its last report before that it held $232.6 million in assets and $209.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2010, it held $303.7 million. The FDIC estimates that the Deposit Insurance Fund lost $49.2 million on it.
2006-062011-06
Assets at the end$232.6 millionlast report before July 29, 2011
Deposits at the end$209.7 million
Estimated loss to the fund$49.2 millionDIF
Largest in the quarterly reports$303.7 millionMarch 31, 2010
Equity to assets0.7%June 30, 2011
Loans not being repaid25.1%noncurrent, June 30, 2011
Return on assets-5.38%a year's rate, June 30, 2011
Staff34full time, June 30, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 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.