The Graveyard › Banks › 2012
Convenant Bank & Trust
Rock Spring, GA · failed March 23, 2012 · FDIC certificate 58068
Convenant Bank & Trust of Rock Spring, GA failed on March 23, 2012. It opened on June 12, 2006, 5 years before. At its last report before that it held $95.7 million in assets and $90.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $113.3 million. The FDIC estimates that the Deposit Insurance Fund lost $30.3 million on it.
2006-062011-12
Assets at the end$95.7 millionlast report before March 23, 2012
Deposits at the end$90.6 million
Estimated loss to the fund$30.3 millionDIF
Largest in the quarterly reports$113.3 millionJune 30, 2009
Equity to assets2.0%December 31, 2011
Loans not being repaid12.9%noncurrent, December 31, 2011
Return on assets-2.37%a year's rate, December 31, 2011
Staff21full time, December 31, 2011
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million 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.