The Graveyard › Banks › 2010
Copper Star Bank
Scottsdale, AZ · failed November 12, 2010 · FDIC certificate 35463
Copper Star Bank of Scottsdale, AZ failed on November 12, 2010. It opened on May 22, 2000, 10 years before. At its last report before that it held $204.0 million in assets and $190.2 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $276.0 million. The FDIC estimates that the Deposit Insurance Fund lost $52.6 million on it.
2000-062010-09
Assets at the end$204.0 millionlast report before November 12, 2010
Deposits at the end$190.2 million
Estimated loss to the fund$52.6 millionDIF
Largest in the quarterly reports$276.0 millionDecember 31, 2008
Equity to assets-1.2%September 30, 2010
Loans not being repaid20.3%noncurrent, September 30, 2010
Return on assets-10.94%a year's rate, September 30, 2010
Staff48full time, September 30, 2010
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.