The Graveyard › Banks › 2009
Jennings State Bank
Spring Grove, MN · failed October 2, 2009 · FDIC certificate 11416
Jennings State Bank of Spring Grove, MN failed on October 2, 2009. It opened in 1890, 119 years before. At its last report before that it held $52.3 million in assets and $50.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2007, it held $64.0 million. The FDIC estimates that the Deposit Insurance Fund lost $18.9 million on it.
1984-032009-09
Assets at the end$52.3 millionlast report before October 2, 2009
Deposits at the end$50.8 million
Estimated loss to the fund$18.9 millionDIF
Largest in the quarterly reports$64.0 millionMarch 31, 2007
Equity to assets1.9%September 30, 2009
Loans not being repaid13.2%noncurrent, September 30, 2009
Return on assets-5.04%a year's rate, September 30, 2009
Staff25full time, September 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
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.