The Graveyard › Banks › 2009
Sherman County Bank
Loup City, NE · failed February 13, 2009 · FDIC certificate 5431
Sherman County Bank of Loup City, NE failed on February 13, 2009. It opened in 1932, 77 years before. At its last report before that it held $135.4 million in assets and $90.6 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $42.7 million on it.
1984-032008-12
Assets at the end$135.4 millionlast report before February 13, 2009
Deposits at the end$90.6 million
Estimated loss to the fund$42.7 millionDIF
Largest in the quarterly reports$135.4 millionDecember 31, 2008
Equity to assets8.1%December 31, 2008
Loans not being repaid0.4%noncurrent, December 31, 2008
Return on assets0.27%a year's rate, December 31, 2008
Staff30full time, December 31, 2008
Also ended in 2009
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- 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.