The Graveyard › Banks › 2010
First Federal Bank of North Florida
Palatka, FL · failed April 16, 2010 · FDIC certificate 28886
First Federal Bank of North Florida of Palatka, FL failed on April 16, 2010. It opened on April 1, 1934, 76 years before. At its last report before that it held $440.1 million in assets and $369.6 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $12.0 million on it.
1984-032010-03
Assets at the end$440.1 millionlast report before April 16, 2010
Deposits at the end$369.6 million
Estimated loss to the fund$12.0 millionDIF
Largest in the quarterly reports$444.0 millionSeptember 30, 2009
Equity to assets1.4%March 31, 2010
Loans not being repaid9.2%noncurrent, March 31, 2010
Return on assets0.20%a year's rate, March 31, 2010
Staff90full time, March 31, 2010
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.