The Graveyard › Banks › 2009
Pinnacle Bank
Beaverton, OR · failed February 13, 2009 · FDIC certificate 57342
Pinnacle Bank of Beaverton, OR failed on February 13, 2009. It opened on September 18, 2002, 6 years before. At its last report before that it held $71.9 million in assets and $64.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2006, it held $97.8 million. The FDIC estimates that the Deposit Insurance Fund lost $10.2 million on it.
2002-092008-12
Assets at the end$71.9 millionlast report before February 13, 2009
Deposits at the end$64.2 million
Estimated loss to the fund$10.2 millionDIF
Largest in the quarterly reports$97.8 millionSeptember 30, 2006
Equity to assets8.3%December 31, 2008
Loans not being repaid11.5%noncurrent, December 31, 2008
Return on assets-3.68%a year's rate, December 31, 2008
Staff20full time, December 31, 2008
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.