The Graveyard › Banks › 2016
First CornerStone Bank
King of Prussia, PA · failed May 6, 2016 · FDIC certificate 35312
First CornerStone Bank of King of Prussia, PA failed on May 6, 2016. It opened on March 20, 2000, 16 years before. At its last report before that it held $103.3 million in assets and $101.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2009, it held $222.9 million. The FDIC estimates that the Deposit Insurance Fund lost $10.8 million on it.
2000-032016-03
Assets at the end$103.3 millionlast report before May 6, 2016
Deposits at the end$101.0 million
Estimated loss to the fund$10.8 millionDIF
Largest in the quarterly reports$222.9 millionDecember 31, 2009
Equity to assets2.0%March 31, 2016
Loans not being repaid8.1%noncurrent, March 31, 2016
Return on assets-4.37%a year's rate, March 31, 2016
Staff26full time, March 31, 2016
Also ended in 2016
- North Milwaukee State Bank · Milwaukee, WI · $67.1 million in assets
- Allied Bank · Mulberry, AR · $66.3 million in assets
- The Woodbury Banking Company · Woodbury, GA · $21.4 million in assets
- Trust Company Bank · Memphis, TN · $19.0 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.