The Graveyard › Banks › 2011
The Park Avenue Bank
Valdosta, GA · failed April 29, 2011 · FDIC certificate 19797
The Park Avenue Bank of Valdosta, GA failed on April 29, 2011. It opened on August 1, 1956, 54 years before. At its last report before that it held $849.4 million in assets and $724.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $1.3 billion. The FDIC estimates that the Deposit Insurance Fund lost $212.0 million on it.
1984-032011-03
Assets at the end$849.4 millionlast report before April 29, 2011
Deposits at the end$724.5 million
Estimated loss to the fund$212.0 millionDIF
Largest in the quarterly reports$1.3 billionDecember 31, 2008
Equity to assets1.9%March 31, 2011
Loans not being repaid20.7%noncurrent, March 31, 2011
Return on assets-0.52%a year's rate, March 31, 2011
Staff177full time, March 31, 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.