The Graveyard › Banks › 2017
Proficio Bank
Cottonwood Heights, UT · failed March 3, 2017 · FDIC certificate 35495
Proficio Bank of Cottonwood Heights, UT failed on March 3, 2017. It opened on May 1, 2000, 16 years before. At its last report before that it held $68.2 million in assets and $65.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2012, it held $304.2 million. The FDIC estimates that the Deposit Insurance Fund lost $10.1 million on it.
2000-062016-12
Assets at the end$68.2 millionlast report before March 3, 2017
Deposits at the end$65.0 million
Estimated loss to the fund$10.1 millionDIF
Largest in the quarterly reports$304.2 millionSeptember 30, 2012
Equity to assets3.4%December 31, 2016
Loans not being repaid2.2%noncurrent, December 31, 2016
Return on assets-4.53%a year's rate, December 31, 2016
Staff11full time, December 31, 2016
Also ended in 2017
- First NBC Bank · New Orleans, LA · $3.3 billion in assets
- Guaranty Bank · Milwaukee, WI · $1.0 billion in assets
- Seaway Bank and Trust Company · Chicago, IL · $297.8 million in assets
- Washington Federal Bank For Savings · Chicago, IL · $166.3 million in assets
- Harvest Community Bank · Pennsville, NJ · $124.2 million in assets
- Fayette County Bank · Saint Elmo, IL · $34.4 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.