The Graveyard › Banks › 2009
County Bank
Merced, CA · failed February 6, 2009 · FDIC certificate 22574
County Bank of Merced, CA failed on February 6, 2009. It opened on December 22, 1977, 31 years before. At its last report before that it held $1.7 billion in assets and $1.3 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $2.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $61.8 million on it.
1984-032008-12
Assets at the end$1.7 billionlast report before February 6, 2009
Deposits at the end$1.3 billion
Estimated loss to the fund$61.8 millionDIF
Largest in the quarterly reports$2.1 billionDecember 31, 2007
Equity to assets3.6%December 31, 2008
Loans not being repaid8.4%noncurrent, December 31, 2008
Return on assets-4.91%a year's rate, December 31, 2008
Staff465full time, December 31, 2008
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.