The Graveyard › Banks › 2012
GulfSouth Private Bank
Destin, FL · failed October 19, 2012 · FDIC certificate 58073
GulfSouth Private Bank of Destin, FL failed on October 19, 2012. It opened on November 21, 2005, 6 years before. At its last report before that it held $139.4 million in assets and $131.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $212.7 million. The FDIC estimates that the Deposit Insurance Fund lost $40.3 million on it.
2005-122012-09
Assets at the end$139.4 millionlast report before October 19, 2012
Deposits at the end$131.6 million
Estimated loss to the fund$40.3 millionDIF
Largest in the quarterly reports$212.7 millionSeptember 30, 2009
Equity to assets1.7%September 30, 2012
Loans not being repaid20.0%noncurrent, September 30, 2012
Return on assets-4.30%a year's rate, September 30, 2012
Staff27full time, September 30, 2012
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 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.