The Graveyard › Banks › 2009
FirstCity Bank
Stockbridge, GA · failed March 20, 2009 · FDIC certificate 18243
FirstCity Bank of Stockbridge, GA failed on March 20, 2009. It opened on November 27, 1905, 103 years before. At its last report before that it held $285.0 million in assets and $259.1 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $331.6 million. The FDIC estimates that the Deposit Insurance Fund lost $135.2 million on it.
1984-032008-12
Assets at the end$285.0 millionlast report before March 20, 2009
Deposits at the end$259.1 million
Estimated loss to the fund$135.2 millionDIF
Largest in the quarterly reports$331.6 millionSeptember 30, 2008
Equity to assets5.3%December 31, 2008
Loans not being repaid12.8%noncurrent, December 31, 2008
Return on assets-3.02%a year's rate, December 31, 2008
Staff30full 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.