The Graveyard › Banks › 2009
CapitalSouth Bank
Birmingham, AL · failed August 21, 2009 · FDIC certificate 22130
CapitalSouth Bank of Birmingham, AL failed on August 21, 2009. It opened on October 1, 1975, 33 years before. At its last report before that it held $586.6 million in assets and $539.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $813.0 million. The FDIC estimates that the Deposit Insurance Fund lost $126.3 million on it.
1984-032009-06
Assets at the end$586.6 millionlast report before August 21, 2009
Deposits at the end$539.4 million
Estimated loss to the fund$126.3 millionDIF
Largest in the quarterly reports$813.0 millionSeptember 30, 2007
Equity to assets1.2%June 30, 2009
Loans not being repaid10.6%noncurrent, June 30, 2009
Return on assets-11.87%a year's rate, June 30, 2009
Staff106full time, June 30, 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.