The Graveyard › Banks › 2010
Frontier Bank
Everett, WA · failed April 30, 2010 · FDIC certificate 22710
Frontier Bank of Everett, WA failed on April 30, 2010. It opened on September 6, 1978, 31 years before. At its last report before that it held $3.3 billion in assets and $2.8 billion in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $4.2 billion. The FDIC estimates that the Deposit Insurance Fund lost $453.9 million on it.
1984-032010-03
Assets at the end$3.3 billionlast report before April 30, 2010
Deposits at the end$2.8 billion
Estimated loss to the fund$453.9 millionDIF
Largest in the quarterly reports$4.2 billionSeptember 30, 2008
Equity to assets0.5%March 31, 2010
Loans not being repaid25.2%noncurrent, March 31, 2010
Return on assets-5.27%a year's rate, March 31, 2010
Staff706full time, March 31, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets
- Amcore Bank, National Association · Rockford, IL · $3.1 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.