The Graveyard › Banks › 2011

Citizens Bank of Effingham

Springfield, GA · failed February 18, 2011 · FDIC certificate 34601

Citizens Bank of Effingham of Springfield, GA failed on February 18, 2011. It opened on September 8, 1998, 12 years before. At its last report before that it held $214.3 million in assets and $206.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2009, it held $244.3 million. The FDIC estimates that the Deposit Insurance Fund lost $48.2 million on it.

1998-092010-12

Assets at the end$214.3 millionlast report before February 18, 2011

Deposits at the end$206.5 million

Estimated loss to the fund$48.2 millionDIF

Largest in the quarterly reports$244.3 millionDecember 31, 2009

Equity to assets1.0%December 31, 2010

Loans not being repaid13.4%noncurrent, December 31, 2010

Return on assets-4.41%a year's rate, December 31, 2010

Staff42full time, December 31, 2010

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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.