The Graveyard › Banks › 2012
Palm Desert National Bank
Palm Desert, CA · failed April 27, 2012 · FDIC certificate 23632
Palm Desert National Bank of Palm Desert, CA failed on April 27, 2012. It opened on December 7, 1981, 30 years before. At its last report before that it held $129.3 million in assets and $129.0 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2006, it held $411.2 million. The FDIC estimates that the Deposit Insurance Fund lost $26.3 million on it.
1984-032012-03
Assets at the end$129.3 millionlast report before April 27, 2012
Deposits at the end$129.0 million
Estimated loss to the fund$26.3 millionDIF
Largest in the quarterly reports$411.2 millionDecember 31, 2006
Equity to assets0.1%March 31, 2012
Loans not being repaid20.5%noncurrent, March 31, 2012
Return on assets-6.20%a year's rate, March 31, 2012
Staff33full time, March 31, 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.