The Graveyard › Banks › 2008
Sanderson State Bank
Sanderson, TX · failed December 12, 2008 · FDIC certificate 11568
Sanderson State Bank of Sanderson, TX failed on December 12, 2008. It opened on July 1, 1907, 101 years before. At its last report before that it held $38.2 million in assets and $32.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $49.3 million. The FDIC estimates that the Deposit Insurance Fund lost $7.7 million on it.
1984-032008-09
Assets at the end$38.2 millionlast report before December 12, 2008
Deposits at the end$32.0 million
Estimated loss to the fund$7.7 millionDIF
Largest in the quarterly reports$49.3 millionMarch 31, 2008
Equity to assets10.9%September 30, 2008
Loans not being repaid4.1%noncurrent, September 30, 2008
Return on assets-2.30%a year's rate, September 30, 2008
Staff12full time, September 30, 2008
Also ended in 2008
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- Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
- Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
- IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
- Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
- Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 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.