The Graveyard › Banks › 2016
Trust Company Bank
Memphis, TN · failed April 29, 2016 · FDIC certificate 9956
Trust Company Bank of Memphis, TN failed on April 29, 2016. It opened in 1902, 114 years before. At its last report before that it held $19.0 million in assets and $20.1 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2011, it held $36.5 million. The FDIC estimates that the Deposit Insurance Fund lost $10.4 million on it.
1984-032016-03
Assets at the end$19.0 millionlast report before April 29, 2016
Deposits at the end$20.1 million
Estimated loss to the fund$10.4 millionDIF
Largest in the quarterly reports$36.5 millionDecember 31, 2011
Equity to assets-6.5%March 31, 2016
Loans not being repaid13.4%noncurrent, March 31, 2016
Return on assets-34.25%a year's rate, March 31, 2016
Staff59full time, March 31, 2016
Also ended in 2016
- First CornerStone Bank · King of Prussia, PA · $103.3 million in assets
- North Milwaukee State Bank · Milwaukee, WI · $67.1 million in assets
- Allied Bank · Mulberry, AR · $66.3 million in assets
- The Woodbury Banking Company · Woodbury, GA · $21.4 million 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.