The Graveyard › Banks › 2009

Century Bank, a Federal Savings Bank

Sarasota, FL · failed November 13, 2009 · FDIC certificate 32267

Century Bank, a Federal Savings Bank of Sarasota, FL failed on November 13, 2009. It opened on January 23, 1985, 24 years before. At its last report before that it held $755.9 million in assets and $659.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $929.1 million. The FDIC estimates that the Deposit Insurance Fund lost $306.9 million on it.

1985-062009-09

Assets at the end$755.9 millionlast report before November 13, 2009

Deposits at the end$659.7 million

Estimated loss to the fund$306.9 millionDIF

Largest in the quarterly reports$929.1 millionMarch 31, 2008

Equity to assets-6.2%September 30, 2009

Loans not being repaid19.7%noncurrent, September 30, 2009

Return on assets-14.73%a year's rate, September 30, 2009

Staff132full time, September 30, 2009

Could you have seen it coming? Play The Crash of '08

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.