The Graveyard › Banks › 2011
Blue Ridge Savings Bank, Inc.
Asheville, NC · failed October 14, 2011 · FDIC certificate 32347
Blue Ridge Savings Bank, Inc. of Asheville, NC failed on October 14, 2011. It opened on March 1, 1978, 33 years before. At its last report before that it held $161.4 million in assets and $159.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $309.9 million. The FDIC estimates that the Deposit Insurance Fund lost $44.1 million on it.
1985-092011-09
Assets at the end$161.4 millionlast report before October 14, 2011
Deposits at the end$159.6 million
Estimated loss to the fund$44.1 millionDIF
Largest in the quarterly reports$309.9 millionMarch 31, 2008
Equity to assets0.9%September 30, 2011
Loans not being repaid10.9%noncurrent, September 30, 2011
Return on assets-2.40%a year's rate, September 30, 2011
Staff41full time, September 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.