The Graveyard › Banks › 2009
Silverton Bank, National Association
Atlanta, GA · failed May 1, 2009 · FDIC certificate 26535
Silverton Bank, National Association of Atlanta, GA failed on May 1, 2009. It opened on February 3, 1986, 23 years before. At its last report before that it held $4.2 billion in assets and $3.3 billion in deposits. The FDIC estimates that the Deposit Insurance Fund lost $638.9 million on it.
1986-032009-03
Assets at the end$4.2 billionlast report before May 1, 2009
Deposits at the end$3.3 billion
Estimated loss to the fund$638.9 millionDIF
Largest in the quarterly reports$4.2 billionMarch 31, 2009
Equity to assets1.2%March 31, 2009
Loans not being repaid11.8%noncurrent, March 31, 2009
Return on assets-16.02%a year's rate, March 31, 2009
Staff389full time, March 31, 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.