The Graveyard › Banks › 2009
First Bank of Beverly Hills
Calabasas, CA · failed April 24, 2009 · FDIC certificate 32069
First Bank of Beverly Hills of Calabasas, CA failed on April 24, 2009. It opened in 1979, 30 years before. At its last report before that it held $1.3 billion in assets and $866.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2007, it held $1.6 billion. The FDIC estimates that the Deposit Insurance Fund lost $8.4 million on it.
1984-032009-03
Assets at the end$1.3 billionlast report before April 24, 2009
Deposits at the end$866.5 million
Estimated loss to the fund$8.4 millionDIF
Largest in the quarterly reports$1.6 billionMarch 31, 2007
Equity to assets3.8%March 31, 2009
Loans not being repaid10.0%noncurrent, March 31, 2009
Return on assets-2.85%a year's rate, March 31, 2009
Staff34full time, March 31, 2009
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.