The Graveyard › Banks › 2009
Security Bank of North Fulton
Alpharetta, GA · failed July 24, 2009 · FDIC certificate 57430
Security Bank of North Fulton of Alpharetta, GA failed on July 24, 2009. It opened on September 19, 2003, 5 years before. At its last report before that it held $190.6 million in assets and $179.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $209.1 million. The FDIC estimates that the Deposit Insurance Fund lost $49.0 million on it.
2003-092009-06
Assets at the end$190.6 millionlast report before July 24, 2009
Deposits at the end$179.5 million
Estimated loss to the fund$49.0 millionDIF
Largest in the quarterly reports$209.1 millionMarch 31, 2009
Equity to assets0.8%June 30, 2009
Loans not being repaid25.5%noncurrent, June 30, 2009
Return on assets-7.52%a year's rate, June 30, 2009
Staff19full time, June 30, 2009
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.