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Omnibank

River Rouge, MI · failed April 9, 1998 · FDIC certificate 14758

Omnibank of River Rouge, MI failed on April 9, 1998. It opened on March 1, 1919, 79 years before. At its last report before that it held $42.0 million in assets and $40.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1996, it held $62.1 million. The FDIC estimates that the Bank Insurance Fund lost $2.9 million on it.

1984-031997-12
Assets at the end$42.0 millionlast report before April 9, 1998
Deposits at the end$40.5 million
Estimated loss to the fund$2.9 millionBIF
Largest in the quarterly reports$62.1 millionDecember 31, 1996
Equity to assets1.4%December 31, 1997
Loans not being repaid12.3%noncurrent, December 31, 1997
Return on assets-6.62%a year's rate, December 31, 1997
Staff34full time, December 31, 1997
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Also ended in 1998

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.