The Graveyard › Banks › 2010
Turnberry Bank
Aventura, FL · failed July 16, 2010 · FDIC certificate 32280
Turnberry Bank of Aventura, FL failed on July 16, 2010. It opened on March 6, 1985, 25 years before. At its last report before that it held $240.3 million in assets and $179.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $267.9 million. The FDIC estimates that the Deposit Insurance Fund lost $28.7 million on it.
1985-062010-06
Assets at the end$240.3 millionlast report before July 16, 2010
Deposits at the end$179.2 million
Estimated loss to the fund$28.7 millionDIF
Largest in the quarterly reports$267.9 millionSeptember 30, 2008
Equity to assets2.1%June 30, 2010
Loans not being repaid16.4%noncurrent, June 30, 2010
Return on assets-4.09%a year's rate, June 30, 2010
Staff42full time, June 30, 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.