The Graveyard › Banks › 2011
Oglethorpe Bank
Brunswick, GA · failed January 14, 2011 · FDIC certificate 57440
Oglethorpe Bank of Brunswick, GA failed on January 14, 2011. It opened on August 26, 2003, 7 years before. At its last report before that it held $211.1 million in assets and $201.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $269.8 million. The FDIC estimates that the Deposit Insurance Fund lost $84.1 million on it.
2003-092010-12
Assets at the end$211.1 millionlast report before January 14, 2011
Deposits at the end$201.4 million
Estimated loss to the fund$84.1 millionDIF
Largest in the quarterly reports$269.8 millionMarch 31, 2009
Equity to assets-2.7%December 31, 2010
Loans not being repaid24.8%noncurrent, December 31, 2010
Return on assets-6.26%a year's rate, December 31, 2010
Staff36full time, December 31, 2010
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.