The Graveyard › Banks › 2011
New Horizons Bank
East Ellijay, GA · failed April 15, 2011 · FDIC certificate 57705
New Horizons Bank of East Ellijay, GA failed on April 15, 2011. It opened on May 21, 2004, 6 years before. At its last report before that it held $103.1 million in assets and $99.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $134.0 million. The FDIC estimates that the Deposit Insurance Fund lost $34.7 million on it.
2004-062011-03
Assets at the end$103.1 millionlast report before April 15, 2011
Deposits at the end$99.0 million
Estimated loss to the fund$34.7 millionDIF
Largest in the quarterly reports$134.0 millionMarch 31, 2009
Equity to assets-0.0%March 31, 2011
Loans not being repaid11.8%noncurrent, March 31, 2011
Return on assets-1.87%a year's rate, March 31, 2011
Staff21full 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.