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Granite Community Bank, National Association

Granite Bay, CA · failed May 28, 2010 · FDIC certificate 57315

Granite Community Bank, National Association of Granite Bay, CA failed on May 28, 2010. It opened on June 4, 2002, 7 years before. At its last report before that it held $102.9 million in assets and $94.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $164.9 million. The FDIC estimates that the Deposit Insurance Fund lost $13.2 million on it.

2002-062010-03

Assets at the end$102.9 millionlast report before May 28, 2010

Deposits at the end$94.3 million

Estimated loss to the fund$13.2 millionDIF

Largest in the quarterly reports$164.9 millionJune 30, 2008

Equity to assets3.0%March 31, 2010

Loans not being repaid12.1%noncurrent, March 31, 2010

Return on assets-1.31%a year's rate, March 31, 2010

Staff35full time, March 31, 2010

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Also ended in 2010

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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.