The Graveyard › Banks › 2009

Community National Bank of Sarasota County

Venice, FL · failed August 7, 2009 · FDIC certificate 27183

Community National Bank of Sarasota County of Venice, FL failed on August 7, 2009. It opened on February 16, 1988, 21 years before. At its last report before that it held $92.5 million in assets and $92.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2007, it held $114.3 million. The FDIC estimates that the Deposit Insurance Fund lost $25.4 million on it.

1988-032009-06

Assets at the end$92.5 millionlast report before August 7, 2009

Deposits at the end$92.4 million

Estimated loss to the fund$25.4 millionDIF

Largest in the quarterly reports$114.3 millionMarch 31, 2007

Equity to assets-0.8%June 30, 2009

Loans not being repaid11.9%noncurrent, June 30, 2009

Return on assets-19.12%a year's rate, June 30, 2009

Staff32full time, June 30, 2009

Could you have seen it coming? Play The Crash of '08

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.