The Graveyard › Banks › 2008
First Priority Bank
Bradenton, FL · failed August 1, 2008 · FDIC certificate 57523
First Priority Bank of Bradenton, FL failed on August 1, 2008. It opened on December 8, 2003, 4 years before. At its last report before that it held $258.6 million in assets and $226.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $276.2 million. The FDIC estimates that the Deposit Insurance Fund lost $95.6 million on it.
2003-122008-06
Assets at the end$258.6 millionlast report before August 1, 2008
Deposits at the end$226.7 million
Estimated loss to the fund$95.6 millionDIF
Largest in the quarterly reports$276.2 millionSeptember 30, 2007
Equity to assets0.6%June 30, 2008
Loans not being repaid22.7%noncurrent, June 30, 2008
Return on assets-9.54%a year's rate, June 30, 2008
Staff50full time, June 30, 2008
Also ended in 2008
- Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
- Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
- Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
- IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
- Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
- Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 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.