The Graveyard › Banks › 2008
The Community Bank
Loganville, GA · failed November 21, 2008 · FDIC certificate 16490
The Community Bank of Loganville, GA failed on November 21, 2008. It opened on October 5, 1946, 62 years before. At its last report before that it held $634.9 million in assets and $603.7 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $335.1 million on it.
1984-032008-09
Assets at the end$634.9 millionlast report before November 21, 2008
Deposits at the end$603.7 million
Estimated loss to the fund$335.1 millionDIF
Largest in the quarterly reports$634.9 millionSeptember 30, 2008
Equity to assets3.6%September 30, 2008
Loans not being repaid36.6%noncurrent, September 30, 2008
Return on assets-5.73%a year's rate, September 30, 2008
Staff63full time, September 30, 2008
Also ended in 2008
- Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
- Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
- Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
- IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
- Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
- Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 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.