The Graveyard › Banks › 2011
Peoples State Bank
Hamtramck, MI · failed February 11, 2011 · FDIC certificate 14939
Peoples State Bank of Hamtramck, MI failed on February 11, 2011. It opened on February 11, 1909, 101 years before. At its last report before that it held $390.5 million in assets and $389.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2007, it held $507.5 million. The FDIC estimates that the Deposit Insurance Fund lost $103.1 million on it.
1984-032010-12
Assets at the end$390.5 millionlast report before February 11, 2011
Deposits at the end$389.9 million
Estimated loss to the fund$103.1 millionDIF
Largest in the quarterly reports$507.5 millionJune 30, 2007
Equity to assets-0.3%December 31, 2010
Loans not being repaid16.4%noncurrent, December 31, 2010
Return on assets-4.16%a year's rate, December 31, 2010
Staff111full 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.