The Graveyard › Banks › 2010
Old Southern Bank
Orlando, FL · failed March 12, 2010 · FDIC certificate 58182
Old Southern Bank of Orlando, FL failed on March 12, 2010. It opened on April 24, 2006, 3 years before. At its last report before that it held $336.4 million in assets and $319.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $406.4 million. The FDIC estimates that the Deposit Insurance Fund lost $76.5 million on it.
2006-062009-12
Assets at the end$336.4 millionlast report before March 12, 2010
Deposits at the end$319.7 million
Estimated loss to the fund$76.5 millionDIF
Largest in the quarterly reports$406.4 millionJune 30, 2009
Equity to assets2.7%December 31, 2009
Loans not being repaid13.9%noncurrent, December 31, 2009
Return on assets-8.89%a year's rate, December 31, 2009
Staff62full time, December 31, 2009
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- 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.