The Graveyard › Banks › 2013
Covenant Bank
Chicago, IL · failed February 15, 2013 · FDIC certificate 22476
Covenant Bank of Chicago, IL failed on February 15, 2013. It opened on June 20, 1977, 35 years before. At its last report before that it held $58.4 million in assets and $54.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2010, it held $75.2 million. The FDIC estimates that the Deposit Insurance Fund lost $19.6 million on it.
1984-032012-12
Assets at the end$58.4 millionlast report before February 15, 2013
Deposits at the end$54.2 million
Estimated loss to the fund$19.6 millionDIF
Largest in the quarterly reports$75.2 millionJune 30, 2010
Equity to assets1.6%December 31, 2012
Loans not being repaid19.1%noncurrent, December 31, 2012
Return on assets-2.47%a year's rate, December 31, 2012
Staff23full time, December 31, 2012
Also ended in 2013
- First National Bank · Edinburg, TX · $3.1 billion in assets
- Mountain National Bank · Sevierville, TN · $437.3 million in assets
- Community South Bank · Parsons, TN · $386.9 million in assets
- Douglas County Bank · Douglasville, GA · $317.3 million in assets
- Frontier Bank · Lagrange, GA · $258.8 million in assets
- First Community Bank of Southwest Florida · Fort Myers, FL · $247.3 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.