The Graveyard › Banks › 2002
Net First National Bank
Boca Raton, FL · failed March 1, 2002 · FDIC certificate 26652
Net First National Bank of Boca Raton, FL failed on March 1, 2002. It opened on April 21, 1986, 15 years before. At its last report before that it held $37.2 million in assets and $31.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1988, it held $39.7 million. The FDIC's list records no loss to the Bank Insurance Fund.
1986-062001-12
Assets at the end$37.2 millionlast report before March 1, 2002
Deposits at the end$31.6 million
Estimated loss to the fundnone recordedBIF
Largest in the quarterly reports$39.7 millionSeptember 30, 1988
Equity to assets13.8%December 31, 2001
Loans not being repaid11.4%noncurrent, December 31, 2001
Return on assets-4.88%a year's rate, December 31, 2001
Staff23full time, December 31, 2001
Also ended in 2002
- Hamilton Bank, National Association · Miami, FL · $1.4 billion in assets
- Nextbank · Phoenix, AZ · $700.2 million in assets
- Connecticut Bank of Commerce · Stamford, CT · $384.2 million in assets
- AmTrade International Bank of Georgia · Atlanta, GA · $92.1 million in assets
- Oakwood Deposit Bank · Oakwood, OH · $72.3 million in assets
- The Bank of Alamo · Alamo, TN · $58.5 million 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.