The Graveyard › Banks › 2002
The Bank of Alamo
Alamo, TN · failed November 8, 2002 · FDIC certificate 9961
The Bank of Alamo of Alamo, TN failed on November 8, 2002. It opened in 1902, 100 years before. At its last report before that it held $58.5 million in assets and $52.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2001, it held $83.6 million. The FDIC estimates that the Bank Insurance Fund lost $9.3 million on it.
1984-032002-09
Assets at the end$58.5 millionlast report before November 8, 2002
Deposits at the end$52.2 million
Estimated loss to the fund$9.3 millionBIF
Largest in the quarterly reports$83.6 millionSeptember 30, 2001
Equity to assets-1.2%September 30, 2002
Loans not being repaid13.0%noncurrent, September 30, 2002
Return on assets-13.28%a year's rate, September 30, 2002
Staff21full time, September 30, 2002
On the FDIC's list: BANK OF ALAMO.
Could you have seen it coming? Play Dot-comAlso ended in 2002
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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.