The Graveyard › Banks › 2008
Freedom Bank
Bradenton, FL · failed October 31, 2008 · FDIC certificate 57930
Freedom Bank of Bradenton, FL failed on October 31, 2008. It opened on May 17, 2005, 3 years before. At its last report before that it held $270.8 million in assets and $256.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $291.6 million. The FDIC estimates that the Deposit Insurance Fund lost $113.5 million on it.
2005-062008-09
Assets at the end$270.8 millionlast report before October 31, 2008
Deposits at the end$256.8 million
Estimated loss to the fund$113.5 millionDIF
Largest in the quarterly reports$291.6 millionDecember 31, 2007
Equity to assets3.7%September 30, 2008
Loans not being repaid11.9%noncurrent, September 30, 2008
Return on assets-8.45%a year's rate, September 30, 2008
Staff61full time, September 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.