The Graveyard › Banks › 2010
Desert Hills Bank
Phoenix, AZ · failed March 26, 2010 · FDIC certificate 57060
Desert Hills Bank of Phoenix, AZ failed on March 26, 2010. It opened on November 17, 2000, 9 years before. At its last report before that it held $496.6 million in assets and $426.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $523.0 million. The FDIC estimates that the Deposit Insurance Fund lost $108.9 million on it.
2000-122009-12
Assets at the end$496.6 millionlast report before March 26, 2010
Deposits at the end$426.5 million
Estimated loss to the fund$108.9 millionDIF
Largest in the quarterly reports$523.0 millionSeptember 30, 2009
Equity to assets4.6%December 31, 2009
Loans not being repaid4.2%noncurrent, December 31, 2009
Return on assets-1.73%a year's rate, December 31, 2009
Staff107full time, December 31, 2009
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.