The Graveyard › Banks › 2014
Frontier Bank, FSB
Palm Desert, CA · failed November 7, 2014 · FDIC certificate 34738
Frontier Bank, FSB of Palm Desert, CA failed on November 7, 2014. It opened on June 8, 1998, 16 years before. At its last report before that it held $80.7 million in assets and $76.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $382.0 million. The FDIC estimates that the Deposit Insurance Fund lost $2.9 million on it.
1998-062014-09
Assets at the end$80.7 millionlast report before November 7, 2014
Deposits at the end$76.3 million
Estimated loss to the fund$2.9 millionDIF
Largest in the quarterly reports$382.0 millionSeptember 30, 2009
Equity to assets2.1%September 30, 2014
Loans not being repaid7.1%noncurrent, September 30, 2014
Return on assets-3.90%a year's rate, September 30, 2014
Staff28full time, September 30, 2014
Also ended in 2014
- The National Republic Bank of Chicago · Chicago, IL · $843.1 million in assets
- Valley Bank · Moline, IL · $456.4 million in assets
- The Bank of Union · El Reno, OK · $317.2 million in assets
- Eastside Commercial Bank · Conyers, GA · $173.9 million in assets
- Nbrs Financial Bank · Rising Sun, MD · $155.4 million in assets
- Syringa Bank · Boise, ID · $153.4 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.