The Graveyard › Banks › 2009
MetroPacific Bank
Irvine, CA · failed June 26, 2009 · FDIC certificate 57893
MetroPacific Bank of Irvine, CA failed on June 26, 2009. It opened on February 7, 2005, 4 years before. At its last report before that it held $75.3 million in assets and $70.1 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $32.2 million on it.
2005-032009-03
Assets at the end$75.3 millionlast report before June 26, 2009
Deposits at the end$70.1 million
Estimated loss to the fund$32.2 millionDIF
Largest in the quarterly reports$77.4 millionDecember 31, 2008
Equity to assets3.6%March 31, 2009
Loans not being repaid20.9%noncurrent, March 31, 2009
Return on assets-12.96%a year's rate, March 31, 2009
Staff20full time, March 31, 2009
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 USA · Salt Lake City · $61.8 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
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.