The Graveyard › Banks › 2010
George Washington Savings Bank
Orland Park, IL · failed February 19, 2010 · FDIC certificate 29952
George Washington Savings Bank of Orland Park, IL failed on February 19, 2010. It opened in 1890, 120 years before. At its last report before that it held $413.7 million in assets and $395.3 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $118.9 million on it.
1984-032009-12
Assets at the end$413.7 millionlast report before February 19, 2010
Deposits at the end$395.3 million
Estimated loss to the fund$118.9 millionDIF
Largest in the quarterly reports$421.5 millionSeptember 30, 2009
Equity to assets3.3%December 31, 2009
Loans not being repaid40.9%noncurrent, December 31, 2009
Return on assets-7.12%a year's rate, December 31, 2009
Staff54full time, December 31, 2009
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
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 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.