The Graveyard › Banks › 2010
ShoreBank
Chicago, IL · failed August 20, 2010 · FDIC certificate 15640
ShoreBank of Chicago, IL failed on August 20, 2010. It opened on January 21, 1939, 71 years before. At its last report before that it held $2.2 billion in assets and $1.5 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $2.7 billion. The FDIC estimates that the Deposit Insurance Fund lost $526.0 million on it.
1984-032010-06
Assets at the end$2.2 billionlast report before August 20, 2010
Deposits at the end$1.5 billion
Estimated loss to the fund$526.0 millionDIF
Largest in the quarterly reports$2.7 billionMarch 31, 2009
Equity to assets0.4%June 30, 2010
Loans not being repaid24.6%noncurrent, June 30, 2010
Return on assets-3.55%a year's rate, June 30, 2010
Staff355full 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.