The Graveyard › Banks › 2010
Horizon Bank
Bellingham, WA · failed January 8, 2010 · FDIC certificate 22977
Horizon Bank of Bellingham, WA failed on January 8, 2010. It opened on November 9, 1979, 30 years before. At its last report before that it held $1.2 billion in assets and $1.0 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $1.5 billion. The FDIC estimates that the Deposit Insurance Fund lost $205.5 million on it.
1984-032009-12
Assets at the end$1.2 billionlast report before January 8, 2010
Deposits at the end$1.0 billion
Estimated loss to the fund$205.5 millionDIF
Largest in the quarterly reports$1.5 billionDecember 31, 2008
Equity to assets1.0%December 31, 2009
Loans not being repaid12.1%noncurrent, December 31, 2009
Return on assets-7.82%a year's rate, December 31, 2009
Staff223full 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.