The Graveyard › Banks › 2010
Beach First National Bank
Myrtle Beach, SC · failed April 9, 2010 · FDIC certificate 34242
Beach First National Bank of Myrtle Beach, SC failed on April 9, 2010. It opened on September 23, 1996, 13 years before. At its last report before that it held $590.0 million in assets and $521.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $717.7 million. The FDIC estimates that the Deposit Insurance Fund lost $164.6 million on it.
1996-092010-03
Assets at the end$590.0 millionlast report before April 9, 2010
Deposits at the end$521.1 million
Estimated loss to the fund$164.6 millionDIF
Largest in the quarterly reports$717.7 millionMarch 31, 2009
Equity to assets1.4%March 31, 2010
Loans not being repaid24.9%noncurrent, March 31, 2010
Return on assets-11.68%a year's rate, March 31, 2010
Staff91full time, March 31, 2010
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.