The Graveyard › Banks › 2013
Frontier Bank
Lagrange, GA · failed March 8, 2013 · FDIC certificate 16431
Frontier Bank of Lagrange, GA failed on March 8, 2013. It opened on May 23, 1946, 66 years before. At its last report before that it held $258.8 million in assets and $224.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2007, it held $340.2 million. The FDIC estimates that the Deposit Insurance Fund lost $73.4 million on it.
1984-032012-12
Assets at the end$258.8 millionlast report before March 8, 2013
Deposits at the end$224.1 million
Estimated loss to the fund$73.4 millionDIF
Largest in the quarterly reports$340.2 millionJune 30, 2007
Equity to assets0.5%December 31, 2012
Loans not being repaid20.4%noncurrent, December 31, 2012
Return on assets-1.88%a year's rate, December 31, 2012
Staff98full time, December 31, 2012
Also ended in 2013
- First National Bank · Edinburg, TX · $3.1 billion in assets
- Mountain National Bank · Sevierville, TN · $437.3 million in assets
- Community South Bank · Parsons, TN · $386.9 million in assets
- Douglas County Bank · Douglasville, GA · $317.3 million in assets
- First Community Bank of Southwest Florida · Fort Myers, FL · $247.3 million in assets
- SUNRISE BANK OF ARIZONA · Phoenix, AZ · $202.2 million 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.