The Graveyard › Banks › 2010
Mainstreet Savings Bank, FSB
Hastings, MI · failed July 16, 2010 · FDIC certificate 28136
Mainstreet Savings Bank, FSB of Hastings, MI failed on July 16, 2010. It opened in 1924, 86 years before. At its last report before that it held $96.6 million in assets and $63.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2007, it held $121.2 million. The FDIC estimates that the Deposit Insurance Fund lost $12.8 million on it.
1984-032010-06
Assets at the end$96.6 millionlast report before July 16, 2010
Deposits at the end$63.3 million
Estimated loss to the fund$12.8 millionDIF
Largest in the quarterly reports$121.2 millionMarch 31, 2007
Equity to assets1.8%June 30, 2010
Loans not being repaid7.3%noncurrent, June 30, 2010
Return on assets-1.97%a year's rate, June 30, 2010
Staff32full time, June 30, 2010
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.