The Graveyard › Banks › 2010
CF Bancorp
Port Huron, MI · failed April 30, 2010 · FDIC certificate 30005
CF Bancorp of Port Huron, MI failed on April 30, 2010. It opened in 1937, 73 years before. At its last report before that it held $1.6 billion in assets and $1.4 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $2.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $340.6 million on it.
1984-032010-03
Assets at the end$1.6 billionlast report before April 30, 2010
Deposits at the end$1.4 billion
Estimated loss to the fund$340.6 millionDIF
Largest in the quarterly reports$2.1 billionMarch 31, 2008
Equity to assets-6.5%March 31, 2010
Loans not being repaid8.4%noncurrent, March 31, 2010
Return on assets-21.39%a year's rate, March 31, 2010
Staff349full 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.