The Graveyard › Banks › 2009
Venture Bank
Lacey, WA · failed September 11, 2009 · FDIC certificate 22868
Venture Bank of Lacey, WA failed on September 11, 2009. It opened on May 24, 1979, 30 years before. At its last report before that it held $968.4 million in assets and $917.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $1.2 billion. The FDIC estimates that the Deposit Insurance Fund lost $201.1 million on it.
1984-032009-06
Assets at the end$968.4 millionlast report before September 11, 2009
Deposits at the end$917.7 million
Estimated loss to the fund$201.1 millionDIF
Largest in the quarterly reports$1.2 billionJune 30, 2008
Equity to assets-0.9%June 30, 2009
Loans not being repaid17.2%noncurrent, June 30, 2009
Return on assets-4.31%a year's rate, June 30, 2009
Staff200full time, June 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
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.