The Graveyard › Banks › 2009
Warren Bank
Warren, MI · failed October 2, 2009 · FDIC certificate 34824
Warren Bank of Warren, MI failed on October 2, 2009. It opened on October 7, 1998, 10 years before. At its last report before that it held $504.8 million in assets and $467.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2006, it held $638.7 million. The FDIC estimates that the Deposit Insurance Fund lost $217.5 million on it.
1998-122009-09
Assets at the end$504.8 millionlast report before October 2, 2009
Deposits at the end$467.8 million
Estimated loss to the fund$217.5 millionDIF
Largest in the quarterly reports$638.7 millionSeptember 30, 2006
Equity to assets1.5%September 30, 2009
Loans not being repaid18.7%noncurrent, September 30, 2009
Return on assets-6.27%a year's rate, September 30, 2009
Staff109full time, September 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.