The Graveyard › Banks › 2011
Summit Bank
Prescott, AZ · failed July 15, 2011 · FDIC certificate 57442
Summit Bank of Prescott, AZ failed on July 15, 2011. It opened on November 4, 2002, 8 years before. At its last report before that it held $73.1 million in assets and $67.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $105.6 million. The FDIC estimates that the Deposit Insurance Fund lost $14.9 million on it.
2002-122011-06
Assets at the end$73.1 millionlast report before July 15, 2011
Deposits at the end$67.5 million
Estimated loss to the fund$14.9 millionDIF
Largest in the quarterly reports$105.6 millionSeptember 30, 2009
Equity to assets2.0%June 30, 2011
Loans not being repaid10.5%noncurrent, June 30, 2011
Return on assets-3.24%a year's rate, June 30, 2011
Staff17full time, June 30, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 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.