The Graveyard › Banks › 2010
Key West Bank
Key West, FL · failed March 26, 2010 · FDIC certificate 34684
Key West Bank of Key West, FL failed on March 26, 2010. It opened on February 8, 1999, 11 years before. At its last report before that it held $88.0 million in assets and $67.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $111.4 million. The FDIC estimates that the Deposit Insurance Fund lost $16.2 million on it.
1999-032009-12
Assets at the end$88.0 millionlast report before March 26, 2010
Deposits at the end$67.7 million
Estimated loss to the fund$16.2 millionDIF
Largest in the quarterly reports$111.4 millionDecember 31, 2007
Equity to assets0.1%December 31, 2009
Loans not being repaid10.1%noncurrent, December 31, 2009
Return on assets-6.93%a year's rate, December 31, 2009
Staff16full 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.