The Graveyard › Banks › 2012
NOVA Bank
Berwyn, PA · failed October 26, 2012 · FDIC certificate 27148
NOVA Bank of Berwyn, PA failed on October 26, 2012. It opened on May 31, 1887, 125 years before. At its last report before that it held $444.7 million in assets and $395.2 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2010, it held $652.6 million. The FDIC estimates that the Deposit Insurance Fund lost $85.4 million on it.
1988-032012-09
Assets at the end$444.7 millionlast report before October 26, 2012
Deposits at the end$395.2 million
Estimated loss to the fund$85.4 millionDIF
Largest in the quarterly reports$652.6 millionJune 30, 2010
Equity to assets0.5%September 30, 2012
Loans not being repaid10.0%noncurrent, September 30, 2012
Return on assets-2.00%a year's rate, September 30, 2012
Staff93full time, September 30, 2012
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 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.