The Graveyard › Banks › 2010
LibertyPointe Bank
New York, NY · failed March 11, 2010 · FDIC certificate 58071
LibertyPointe Bank of New York, NY failed on March 11, 2010. It opened on October 3, 2005, 4 years before. At its last report before that it held $216.5 million in assets and $209.5 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $270.6 million. The FDIC estimates that the Deposit Insurance Fund lost $18.4 million on it.
2005-122009-12
Assets at the end$216.5 millionlast report before March 11, 2010
Deposits at the end$209.5 million
Estimated loss to the fund$18.4 millionDIF
Largest in the quarterly reports$270.6 millionJune 30, 2008
Equity to assets2.2%December 31, 2009
Loans not being repaid22.7%noncurrent, December 31, 2009
Return on assets-4.68%a year's rate, December 31, 2009
Staff37full 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.