The Graveyard › Banks › 2010
Community Bank & Trust
Cornelia, GA · failed January 29, 2010 · FDIC certificate 5702
Community Bank & Trust of Cornelia, GA failed on January 29, 2010. It opened on August 3, 1900, 109 years before. At its last report before that it held $1.2 billion in assets and $1.1 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $1.3 billion. The FDIC estimates that the Deposit Insurance Fund lost $477.2 million on it.
1984-032009-12
Assets at the end$1.2 billionlast report before January 29, 2010
Deposits at the end$1.1 billion
Estimated loss to the fund$477.2 millionDIF
Largest in the quarterly reports$1.3 billionJune 30, 2009
Equity to assets1.6%December 31, 2009
Loans not being repaid25.8%noncurrent, December 31, 2009
Return on assets-4.72%a year's rate, December 31, 2009
Staff384full time, December 31, 2009
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.