The Graveyard › Banks › 2017
First NBC Bank
New Orleans, LA · failed April 28, 2017 · FDIC certificate 58302
First NBC Bank of New Orleans, LA failed on April 28, 2017. It opened on May 19, 2006, 10 years before. At its last report before that it held $3.3 billion in assets and $3.0 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2016, it held $4.9 billion. The FDIC estimates that the Deposit Insurance Fund lost $722.1 million on it.
2006-062017-03
Assets at the end$3.3 billionlast report before April 28, 2017
Deposits at the end$3.0 billion
Estimated loss to the fund$722.1 millionDIF
Largest in the quarterly reports$4.9 billionSeptember 30, 2016
Equity to assets-3.4%March 31, 2017
Loans not being repaid22.0%noncurrent, March 31, 2017
Return on assets3.15%a year's rate, March 31, 2017
Staff504full time, March 31, 2017
Also ended in 2017
- Guaranty Bank · Milwaukee, WI · $1.0 billion in assets
- Seaway Bank and Trust Company · Chicago, IL · $297.8 million in assets
- Washington Federal Bank For Savings · Chicago, IL · $166.3 million in assets
- Harvest Community Bank · Pennsville, NJ · $124.2 million in assets
- Proficio Bank · Cottonwood Heights, UT · $68.2 million in assets
- Fayette County Bank · Saint Elmo, IL · $34.4 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.