The Graveyard › Banks › 2010
Barnes Banking Company
Kaysville, UT · failed January 15, 2010 · FDIC certificate 1252
Barnes Banking Company of Kaysville, UT failed on January 15, 2010. It opened in 1891, 119 years before. At its last report before that it held $709.2 million in assets and $697.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $970.8 million. The FDIC estimates that the Deposit Insurance Fund lost $106.8 million on it.
1984-032009-12
Assets at the end$709.2 millionlast report before January 15, 2010
Deposits at the end$697.1 million
Estimated loss to the fund$106.8 millionDIF
Largest in the quarterly reports$970.8 millionDecember 31, 2008
Equity to assets0.9%December 31, 2009
Loans not being repaid31.3%noncurrent, December 31, 2009
Return on assets-11.42%a year's rate, December 31, 2009
Staff163full time, December 31, 2009
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.