The Graveyard › Banks › 2010
Ravenswood Bank
Chicago, IL · failed August 6, 2010 · FDIC certificate 34231
Ravenswood Bank of Chicago, IL failed on August 6, 2010. It opened on August 26, 1996, 13 years before. At its last report before that it held $264.6 million in assets and $269.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $372.7 million. The FDIC estimates that the Deposit Insurance Fund lost $67.7 million on it.
1996-092010-06
Assets at the end$264.6 millionlast report before August 6, 2010
Deposits at the end$269.4 million
Estimated loss to the fund$67.7 millionDIF
Largest in the quarterly reports$372.7 millionJune 30, 2008
Equity to assets-3.0%June 30, 2010
Loans not being repaid37.5%noncurrent, June 30, 2010
Return on assets-11.41%a year's rate, June 30, 2010
Staff40full time, June 30, 2010
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.