The Graveyard › Banks › 2009
Citizens Community Bank
Ridgewood, NJ · failed May 1, 2009 · FDIC certificate 57563
Citizens Community Bank of Ridgewood, NJ failed on May 1, 2009. It opened on October 28, 2004, 4 years before. At its last report before that it held $40.7 million in assets and $40.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2006, it held $57.3 million. The FDIC estimates that the Deposit Insurance Fund lost $18.2 million on it.
2004-122009-03
Assets at the end$40.7 millionlast report before May 1, 2009
Deposits at the end$40.7 million
Estimated loss to the fund$18.2 millionDIF
Largest in the quarterly reports$57.3 millionSeptember 30, 2006
Equity to assets-0.6%March 31, 2009
Loans not being repaid23.7%noncurrent, March 31, 2009
Return on assets-3.62%a year's rate, March 31, 2009
Staff14full time, March 31, 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.