The Graveyard › Banks › 2009
Mirae Bank
Los Angeles, CA · failed June 26, 2009 · FDIC certificate 57332
Mirae Bank of Los Angeles, CA failed on June 26, 2009. It opened on July 1, 2002, 6 years before. At its last report before that it held $480.6 million in assets and $410.0 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $45.3 million on it.
2002-092009-03
Assets at the end$480.6 millionlast report before June 26, 2009
Deposits at the end$410.0 million
Estimated loss to the fund$45.3 millionDIF
Largest in the quarterly reports$480.6 millionMarch 31, 2009
Equity to assets3.2%March 31, 2009
Loans not being repaid7.4%noncurrent, March 31, 2009
Return on assets-6.34%a year's rate, March 31, 2009
Staff98full 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.