The Graveyard › Banks › 2010
Northwest Bank & Trust
Acworth, GA · failed July 30, 2010 · FDIC certificate 57658
Northwest Bank & Trust of Acworth, GA failed on July 30, 2010. It opened on March 11, 2004, 6 years before. At its last report before that it held $160.8 million in assets and $155.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2009, it held $173.9 million. The FDIC estimates that the Deposit Insurance Fund lost $33.6 million on it.
2004-032010-06
Assets at the end$160.8 millionlast report before July 30, 2010
Deposits at the end$155.5 million
Estimated loss to the fund$33.6 millionDIF
Largest in the quarterly reports$173.9 millionDecember 31, 2009
Equity to assets0.7%June 30, 2010
Loans not being repaid15.1%noncurrent, June 30, 2010
Return on assets-5.75%a year's rate, June 30, 2010
Staff26full time, June 30, 2010
Also ended in 2010
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- 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.