The Graveyard › Banks › 2009
Colonial Bank
Montgomery, AL · failed August 14, 2009 · FDIC certificate 9609
Colonial Bank of Montgomery, AL failed on August 14, 2009. It opened on January 2, 1917, 92 years before. At its last report before that it held $25.5 billion in assets and $20.1 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $27.3 billion. The FDIC estimates that the Deposit Insurance Fund lost $2.4 billion on it.
1984-032009-06
Assets at the end$25.5 billionlast report before August 14, 2009
Deposits at the end$20.1 billion
Estimated loss to the fund$2.4 billionDIF
Largest in the quarterly reports$27.3 billionMarch 31, 2008
Equity to assets3.6%June 30, 2009
Loans not being repaid9.0%noncurrent, June 30, 2009
Return on assets-5.70%a year's rate, June 30, 2009
Staff4,729full 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.