The Graveyard › Banks › 2012
First United Bank
Crete, IL · failed September 28, 2012 · FDIC certificate 20685
First United Bank of Crete, IL failed on September 28, 2012. It opened on May 6, 1972, 40 years before. At its last report before that it held $328.4 million in assets and $316.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $506.7 million. The FDIC estimates that the Deposit Insurance Fund lost $33.8 million on it.
1984-032012-06
Assets at the end$328.4 millionlast report before September 28, 2012
Deposits at the end$316.9 million
Estimated loss to the fund$33.8 millionDIF
Largest in the quarterly reports$506.7 millionJune 30, 2008
Equity to assets2.1%June 30, 2012
Loans not being repaid19.8%noncurrent, June 30, 2012
Return on assets-2.29%a year's rate, June 30, 2012
Staff93full time, June 30, 2012
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 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.