The Graveyard › Banks › 2009
First Coweta
Newnan, GA · failed August 21, 2009 · FDIC certificate 57702
First Coweta of Newnan, GA failed on August 21, 2009. It opened on July 12, 2004, 5 years before. At its last report before that it held $163.8 million in assets and $154.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $180.5 million. The FDIC estimates that the Deposit Insurance Fund lost $66.7 million on it.
2004-092009-06
Assets at the end$163.8 millionlast report before August 21, 2009
Deposits at the end$154.9 million
Estimated loss to the fund$66.7 millionDIF
Largest in the quarterly reports$180.5 millionMarch 31, 2008
Equity to assets2.0%June 30, 2009
Loans not being repaid17.3%noncurrent, June 30, 2009
Return on assets-4.82%a year's rate, June 30, 2009
Staff43full time, June 30, 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.