The Graveyard › Banks › 2010
SouthwestUSA Bank
Las Vegas, NV · failed July 23, 2010 · FDIC certificate 35434
SouthwestUSA Bank of Las Vegas, NV failed on July 23, 2010. It opened on May 3, 2001, 9 years before. At its last report before that it held $203.7 million in assets and $184.0 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $225.8 million. The FDIC estimates that the Deposit Insurance Fund lost $86.3 million on it.
2001-062010-06
Assets at the end$203.7 millionlast report before July 23, 2010
Deposits at the end$184.0 million
Estimated loss to the fund$86.3 millionDIF
Largest in the quarterly reports$225.8 millionMarch 31, 2009
Equity to assets0.8%June 30, 2010
Loans not being repaid30.6%noncurrent, June 30, 2010
Return on assets-7.88%a year's rate, June 30, 2010
Staff30full 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.