The Graveyard › Banks › 2008

Department Stores National Bank

Sioux Falls · assisted November 23, 2008 · FDIC certificate 58180

Department Stores National Bank of Sioux Falls was given assistance by the FDIC on November 23, 2008. The FDIC's list records an assistance transaction, not a closing. It opened on October 24, 2005, 3 years before. At its last report before that it held $374.9 million in assets and $300.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2006, it held $581.4 million. The FDIC's list gives no estimate of the loss for this one.

2005-122008-09

Assets at the end$374.9 millionlast report before November 23, 2008

Deposits at the end$300.9 million

Estimated loss to the fundnot givenDIF

Largest in the quarterly reports$581.4 millionDecember 31, 2006

Equity to assets11.0%September 30, 2008

Loans not being repaid1.9%noncurrent, September 30, 2008

Return on assets0.84%a year's rate, September 30, 2008

Could you have seen it coming? Play The Crash of '08

Also ended in 2008

Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 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.