The Graveyard › Banks › 2009
New Frontier Bank
Greeley, CO · failed April 10, 2009 · FDIC certificate 34881
New Frontier Bank of Greeley, CO failed on April 10, 2009. It opened on December 1, 1998, 10 years before. At its last report before that it held $1.8 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $2.0 billion. The FDIC estimates that the Deposit Insurance Fund lost $913.4 million on it.
1998-122009-03
Assets at the end$1.8 billionlast report before April 10, 2009
Deposits at the end$1.5 billion
Estimated loss to the fund$913.4 millionDIF
Largest in the quarterly reports$2.0 billionJune 30, 2008
Equity to assets3.4%March 31, 2009
Loans not being repaid16.1%noncurrent, March 31, 2009
Return on assets-20.73%a year's rate, March 31, 2009
Staff227full 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.