The Graveyard › Banks › 2010
Premier American Bank
Miami, FL · failed January 22, 2010 · FDIC certificate 57147
Premier American Bank of Miami, FL failed on January 22, 2010. It opened on September 4, 2001, 8 years before. At its last report before that it held $299.2 million in assets and $285.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $421.0 million. The FDIC estimates that the Deposit Insurance Fund lost $84.5 million on it.
2001-092009-12
Assets at the end$299.2 millionlast report before January 22, 2010
Deposits at the end$285.6 million
Estimated loss to the fund$84.5 millionDIF
Largest in the quarterly reports$421.0 millionSeptember 30, 2007
Equity to assets0.0%December 31, 2009
Loans not being repaid34.0%noncurrent, December 31, 2009
Return on assets-5.86%a year's rate, December 31, 2009
Staff71full time, December 31, 2009
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 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.