The Graveyard › Banks › 2002
Nextbank
Phoenix, AZ · failed February 7, 2002 · FDIC certificate 22314
Nextbank of Phoenix, AZ failed on February 7, 2002. It opened on August 5, 1976, 25 years before. At its last report before that it held $700.2 million in assets and $551.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2001, it held $909.0 million. The FDIC estimates that the Bank Insurance Fund lost $164.0 million on it.
1984-032001-12
Assets at the end$700.2 millionlast report before February 7, 2002
Deposits at the end$551.3 million
Estimated loss to the fund$164.0 millionBIF
Largest in the quarterly reports$909.0 millionSeptember 30, 2001
Equity to assets9.3%December 31, 2001
Loans not being repaid5.0%noncurrent, December 31, 2001
Return on assets-11.01%a year's rate, December 31, 2001
Also ended in 2002
- Hamilton Bank, National Association · Miami, FL · $1.4 billion 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
- Universal FSB · Chicago, IL · $51.6 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.