The Graveyard › Banks › 2009
FirstBank Financial Services
Mcdonough, GA · failed February 6, 2009 · FDIC certificate 57017
FirstBank Financial Services of Mcdonough, GA failed on February 6, 2009. It opened on January 28, 2002, 7 years before. At its last report before that it held $317.2 million in assets and $279.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $432.2 million. The FDIC estimates that the Deposit Insurance Fund lost $151.3 million on it.
2002-032008-12
Assets at the end$317.2 millionlast report before February 6, 2009
Deposits at the end$279.3 million
Estimated loss to the fund$151.3 millionDIF
Largest in the quarterly reports$432.2 millionMarch 31, 2008
Equity to assets2.6%December 31, 2008
Loans not being repaid34.1%noncurrent, December 31, 2008
Return on assets-6.83%a year's rate, December 31, 2008
Staff53full time, December 31, 2008
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.