The Graveyard › Banks › 2009
Neighborhood Community Bank
Newnan, GA · failed June 26, 2009 · FDIC certificate 35285
Neighborhood Community Bank of Newnan, GA failed on June 26, 2009. It opened on April 20, 2000, 9 years before. At its last report before that it held $212.6 million in assets and $190.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $240.1 million. The FDIC estimates that the Deposit Insurance Fund lost $80.7 million on it.
2000-062009-03
Assets at the end$212.6 millionlast report before June 26, 2009
Deposits at the end$190.1 million
Estimated loss to the fund$80.7 millionDIF
Largest in the quarterly reports$240.1 millionJune 30, 2008
Equity to assets2.5%March 31, 2009
Loans not being repaid20.9%noncurrent, March 31, 2009
Return on assets-6.17%a year's rate, March 31, 2009
Staff40full 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.