The Graveyard › Banks › 2009

Merrill Lynch Bank USA

Salt Lake City · assisted January 16, 2009 · FDIC certificate 27374

Merrill Lynch Bank USA of Salt Lake City was given assistance by the FDIC on January 16, 2009. The FDIC's list records an assistance transaction, not a closing. It opened on October 31, 1988, 20 years before. At its last report before that it held $61.8 billion in assets and $53.6 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2007, it held $78.1 billion. The FDIC's list gives no estimate of the loss for this one.

1988-122008-12

Assets at the end$61.8 billionlast report before January 16, 2009

Deposits at the end$53.6 billion

Estimated loss to the fundnot givenDIF

Largest in the quarterly reports$78.1 billionDecember 31, 2007

Equity to assets5.4%December 31, 2008

Loans not being repaid1.2%noncurrent, December 31, 2008

Return on assets-6.01%a year's rate, December 31, 2008

Staff857full time, December 31, 2008

Could you have seen it coming? Play The Crash of '08

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 & 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
Colonial Bank · Montgomery, AL · $25.5 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.