The Graveyard › Banks › 2009
Founders Bank
Worth, IL · failed July 2, 2009 · FDIC certificate 18390
Founders Bank of Worth, IL failed on July 2, 2009. It opened on June 3, 1961, 48 years before. At its last report before that it held $889.2 million in assets and $832.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $980.4 million. The FDIC estimates that the Deposit Insurance Fund lost $129.5 million on it.
1984-032009-06
Assets at the end$889.2 millionlast report before July 2, 2009
Deposits at the end$832.2 million
Estimated loss to the fund$129.5 millionDIF
Largest in the quarterly reports$980.4 millionMarch 31, 2008
Equity to assets2.1%June 30, 2009
Loans not being repaid12.6%noncurrent, June 30, 2009
Return on assets-7.96%a year's rate, June 30, 2009
Staff206full time, June 30, 2009
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.