The Graveyard › Banks › 2011
Legacy Bank
Scottsdale, AZ · failed January 7, 2011 · FDIC certificate 57820
Legacy Bank of Scottsdale, AZ failed on January 7, 2011. It opened on January 3, 2005, 6 years before. At its last report before that it held $136.4 million in assets and $119.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $252.9 million. The FDIC estimates that the Deposit Insurance Fund lost $32.2 million on it.
2005-032010-12
Assets at the end$136.4 millionlast report before January 7, 2011
Deposits at the end$119.7 million
Estimated loss to the fund$32.2 millionDIF
Largest in the quarterly reports$252.9 millionDecember 31, 2008
Equity to assets1.6%December 31, 2010
Loans not being repaid3.5%noncurrent, December 31, 2010
Return on assets-2.91%a year's rate, December 31, 2010
Staff17full time, December 31, 2010
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 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.