The Graveyard › Banks › 2009
Orion Bank
Naples, FL · failed November 13, 2009 · FDIC certificate 22427
Orion Bank of Naples, FL failed on November 13, 2009. It opened on February 28, 1977, 32 years before. At its last report before that it held $2.6 billion in assets and $2.2 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $2.9 billion. The FDIC estimates that the Deposit Insurance Fund lost $713.1 million on it.
1984-032009-09
Assets at the end$2.6 billionlast report before November 13, 2009
Deposits at the end$2.2 billion
Estimated loss to the fund$713.1 millionDIF
Largest in the quarterly reports$2.9 billionMarch 31, 2008
Equity to assets2.5%September 30, 2009
Loans not being repaid17.3%noncurrent, September 30, 2009
Return on assets-4.09%a year's rate, September 30, 2009
Staff261full time, September 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
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.