The Graveyard › Banks › 2010
USA Bank
Port Chester, NY · failed July 9, 2010 · FDIC certificate 58072
USA Bank of Port Chester, NY failed on July 9, 2010. It opened on December 22, 2005, 4 years before. At its last report before that it held $190.7 million in assets and $188.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $227.9 million. The FDIC estimates that the Deposit Insurance Fund lost $63.5 million on it.
2005-122010-06
Assets at the end$190.7 millionlast report before July 9, 2010
Deposits at the end$188.6 million
Estimated loss to the fund$63.5 millionDIF
Largest in the quarterly reports$227.9 millionJune 30, 2009
Equity to assets0.6%June 30, 2010
Loans not being repaid34.8%noncurrent, June 30, 2010
Return on assets-4.49%a year's rate, June 30, 2010
Staff30full 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.