The Graveyard › Banks › 2010
Butler Bank
Lowell, MA · failed April 16, 2010 · FDIC certificate 26619
Butler Bank of Lowell, MA failed on April 16, 2010. It opened in 1901, 109 years before. At its last report before that it held $245.5 million in assets and $227.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $324.2 million. The FDIC estimates that the Deposit Insurance Fund lost $18.3 million on it.
1986-062010-03
Assets at the end$245.5 millionlast report before April 16, 2010
Deposits at the end$227.4 million
Estimated loss to the fund$18.3 millionDIF
Largest in the quarterly reports$324.2 millionDecember 31, 2008
Equity to assets-0.1%March 31, 2010
Loans not being repaid7.9%noncurrent, March 31, 2010
Return on assets-9.27%a year's rate, March 31, 2010
Staff58full 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.