The Graveyard › Banks › 2009
Cooperative Bank
Wilmington, NC · failed June 19, 2009 · FDIC certificate 27837
Cooperative Bank of Wilmington, NC failed on June 19, 2009. It opened in 1898, 111 years before. At its last report before that it held $966.8 million in assets and $768.5 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $287.3 million on it.
1984-032009-03
Assets at the end$966.8 millionlast report before June 19, 2009
Deposits at the end$768.5 million
Estimated loss to the fund$287.3 millionDIF
Largest in the quarterly reports$981.9 millionSeptember 30, 2008
Equity to assets3.7%March 31, 2009
Loans not being repaid9.9%noncurrent, March 31, 2009
Return on assets0.49%a year's rate, March 31, 2009
Staff224full 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.