The Graveyard › Banks › 2002
Hamilton Bank, National Association
Miami, FL · failed January 11, 2002 · FDIC certificate 24382
Hamilton Bank, National Association of Miami, FL failed on January 11, 2002. It opened on February 7, 1983, 18 years before. At its last report before that it held $1.4 billion in assets and $1.3 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2000, it held $1.7 billion. The FDIC estimates that the Bank Insurance Fund lost $101.7 million on it.
1984-032001-09
Assets at the end$1.4 billionlast report before January 11, 2002
Deposits at the end$1.3 billion
Estimated loss to the fund$101.7 millionBIF
Largest in the quarterly reports$1.7 billionDecember 31, 2000
Equity to assets6.1%September 30, 2001
Loans not being repaid7.7%noncurrent, September 30, 2001
Return on assets-2.23%a year's rate, September 30, 2001
Staff270full time, September 30, 2001
Also ended in 2002
- Nextbank · Phoenix, AZ · $700.2 million in assets
- Connecticut Bank of Commerce · Stamford, CT · $384.2 million in assets
- AmTrade International Bank of Georgia · Atlanta, GA · $92.1 million in assets
- Oakwood Deposit Bank · Oakwood, OH · $72.3 million in assets
- The Bank of Alamo · Alamo, TN · $58.5 million in assets
- Universal FSB · Chicago, IL · $51.6 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.