The Graveyard › Banks › 2010
Nevada Security Bank
Reno, NV · failed June 18, 2010 · FDIC certificate 57110
Nevada Security Bank of Reno, NV failed on June 18, 2010. It opened on December 27, 2001, 8 years before. At its last report before that it held $492.5 million in assets and $479.8 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $631.6 million. The FDIC estimates that the Deposit Insurance Fund lost $70.0 million on it.
2001-122010-03
Assets at the end$492.5 millionlast report before June 18, 2010
Deposits at the end$479.8 million
Estimated loss to the fund$70.0 millionDIF
Largest in the quarterly reports$631.6 millionJune 30, 2008
Equity to assets2.4%March 31, 2010
Loans not being repaid15.1%noncurrent, March 31, 2010
Return on assets-1.37%a year's rate, March 31, 2010
Staff78full time, March 31, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 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.