The Graveyard › Banks › 2011
Mountain Heritage Bank
Clayton, GA · failed June 24, 2011 · FDIC certificate 57593
Mountain Heritage Bank of Clayton, GA failed on June 24, 2011. It opened on November 10, 2003, 7 years before. At its last report before that it held $103.7 million in assets and $89.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $136.8 million. The FDIC estimates that the Deposit Insurance Fund lost $34.5 million on it.
2003-122011-03
Assets at the end$103.7 millionlast report before June 24, 2011
Deposits at the end$89.6 million
Estimated loss to the fund$34.5 millionDIF
Largest in the quarterly reports$136.8 millionMarch 31, 2009
Equity to assets1.0%March 31, 2011
Loans not being repaid18.4%noncurrent, March 31, 2011
Return on assets-6.46%a year's rate, March 31, 2011
Staff20full time, March 31, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 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.