The Graveyard › Banks › 2010
Sterling Bank
Lantana, FL · failed July 23, 2010 · FDIC certificate 32536
Sterling Bank of Lantana, FL failed on July 23, 2010. It opened on May 1, 1987, 23 years before. At its last report before that it held $355.0 million in assets and $329.5 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $420.9 million. The FDIC estimates that the Deposit Insurance Fund lost $41.8 million on it.
1987-062010-06
Assets at the end$355.0 millionlast report before July 23, 2010
Deposits at the end$329.5 million
Estimated loss to the fund$41.8 millionDIF
Largest in the quarterly reports$420.9 millionMarch 31, 2009
Equity to assets-1.4%June 30, 2010
Loans not being repaid8.6%noncurrent, June 30, 2010
Return on assets-8.95%a year's rate, June 30, 2010
Staff59full 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.