The Graveyard › Banks › 2010
Towne Bank of Arizona
Mesa, AZ · failed May 7, 2010 · FDIC certificate 57697
Towne Bank of Arizona of Mesa, AZ failed on May 7, 2010. It opened on April 1, 2004, 6 years before. At its last report before that it held $120.2 million in assets and $113.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $202.0 million. The FDIC estimates that the Deposit Insurance Fund lost $44.3 million on it.
2004-062010-03
Assets at the end$120.2 millionlast report before May 7, 2010
Deposits at the end$113.2 million
Estimated loss to the fund$44.3 millionDIF
Largest in the quarterly reports$202.0 millionSeptember 30, 2007
Equity to assets0.4%March 31, 2010
Loans not being repaid11.1%noncurrent, March 31, 2010
Return on assets-21.25%a year's rate, March 31, 2010
Staff24full time, March 31, 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.