The Graveyard › Banks › 2009
BankUnited, FSB
Coral Gables, FL · failed May 21, 2009 · FDIC certificate 32247
BankUnited, FSB of Coral Gables, FL failed on May 21, 2009. It opened on October 3, 1984, 24 years before. At its last report before that it held $13.1 billion in assets and $8.8 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $15.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $5.2 billion on it.
1984-122009-03
Assets at the end$13.1 billionlast report before May 21, 2009
Deposits at the end$8.8 billion
Estimated loss to the fund$5.2 billionDIF
Largest in the quarterly reports$15.1 billionSeptember 30, 2007
Equity to assets-3.9%March 31, 2009
Loans not being repaid15.0%noncurrent, March 31, 2009
Return on assets-13.46%a year's rate, March 31, 2009
Staff1,083full time, March 31, 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.