The Graveyard › Banks › 2010
Woodlands Bank
Bluffton, SC · failed July 16, 2010 · FDIC certificate 32571
Woodlands Bank of Bluffton, SC failed on July 16, 2010. It opened on November 4, 1987, 22 years before. At its last report before that it held $382.8 million in assets and $364.8 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $107.3 million on it.
1987-122010-06
Assets at the end$382.8 millionlast report before July 16, 2010
Deposits at the end$364.8 million
Estimated loss to the fund$107.3 millionDIF
Largest in the quarterly reports$388.0 millionDecember 31, 2009
Equity to assets1.7%June 30, 2010
Loans not being repaid9.2%noncurrent, June 30, 2010
Return on assets-5.82%a year's rate, June 30, 2010
Staff37full 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.