The Graveyard › Banks › 2011
Nexity Bank
Birmingham, AL · failed April 15, 2011 · FDIC certificate 19794
Nexity Bank of Birmingham, AL failed on April 15, 2011. It opened on February 22, 1968, 43 years before. At its last report before that it held $757.6 million in assets and $611.7 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $1.2 billion. The FDIC estimates that the Deposit Insurance Fund lost $182.0 million on it.
1984-032011-03
Assets at the end$757.6 millionlast report before April 15, 2011
Deposits at the end$611.7 million
Estimated loss to the fund$182.0 millionDIF
Largest in the quarterly reports$1.2 billionMarch 31, 2009
Equity to assets-0.4%March 31, 2011
Loans not being repaid22.5%noncurrent, March 31, 2011
Return on assets-2.94%a year's rate, March 31, 2011
Staff76full 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.