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Each depositor insured to at least $250,000 per insured bank



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2008 Annual Report



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VI. Appendices

A. Key Statistics

Number, Assets, Deposits, Losses, and Loss to Funds of Insured Thrifts Taken Over or Closed Because of Financial Difficulties, 1989 through 19951
Dollars in Thousands
Year Total Assets Deposits Estimated Receivership Loss2 Loss to Funds3
Total 747 $393,986,274 $317,499,876 $75,315,668 $81,580,421
1995 2 423,819 414,692 28,192 27,750
1994 2 136,815 127,508 11,472 14,599
1993 9 6,147,962 4,881,461 267,595 65,212
1992 59 44,196,946 34,773,224 3,234,947 3,780,184
1991 144 78,898,704 65,173,122 8,624,447 9,122,686
1990 213 129,662,398 98,963,960 16,063,923 19,258,817
19894 318 134,519,630 113,165,909 47,085,092 49,311,173

1 Beginning in 1989 through July 1, 1995, all thrift closings were the responsibility of the Resolution Trust Corporation (RTC). Since the RTC was terminated on December 31, 1995, and all assets and liabilities transferred to the FSLIC Resolution Fund (FRF), all the results of the thrift closing activity from 1989 through 1995 are now reflected on FRF’s books. Year is the year of failure, not the year of resolution.

2 The estimated losses represent the projected loss at the fund level from receiverships for unreimbursed subrogated claims of the FRF and unpaid advances to receiverships from the FRF.

3 The Loss to Funds represents the total resolution cost of the failed thrifts in the FRF-RTC fund, which includes corporate revenue and expense items such as interest expense on Federal Financing Bank debt, interest expense on escrowed funds, and interest revenue on advances to receiverships, in addition to the estimated losses for receiverships.

4 Total for 1989 excludes nine failures of the former FSLIC.

 

FDIC- Insured Institutions Closed During 2008
Dollars in Thousands
Name and Location Bank Class No. of Deposit Accounts Total Assets2 Total Deposits2 FDIC
Disbursements3
Estimated Loss1 Date of Closing or Acquisition Receiver/Assuming Bank and Location
Purchase and Assumption – Insured Deposits
Hume Bank,
Hume, MO
NM 1,330 $18,682 $13,566 $13,794 $4,324 03/07/08 Security Bank,
Rich Hill, MO
ANB Financial
Bentonville, AR
N 20,904 $1,895,545 $1,815,691 $1,745,038 $819,436 05/09/08 Pulaski Bank and Trust Company, Little Rock, AR
IndyMac Bank, FSB,
Pasadena, CA
SA 281,930 $30,698,512 $18,941,727 $15,314,602 $10,724,595 07/11/08 Federal Deposit Insurance Corporation
First Priority Bank,
Bradenton, FL
NM 6,326 $258,610 $226,698 $201,988 $81,196 08/01/08 SunTrust Bank, Atlanta, GA
The Columbian Bank and Trust Company, Topeka, KS NM 10,273 $735,071 $620,354 $586,285 $232,127 08/22/08 Citizens Bank, and Trust, Chillicothe, MO
Silver State Bank,
Henderson, NV
NM 20,014 $1,957,120 $1,733,091 $1,460,245 $553,095 09/05/08 Nevada State Bank,
Las Vegas, NV
Alpha Bank & Trust, Alpharetta, GA NM 7,589 $354,090 $344,231 $331,163 $159,914 10/24/08 Sterns Bank, National Association, St. Cloud, MN
First Georgia Community Bank, Jackson, GA SM 9,051 $256,371 $215,287 $187,065 $52,015 12/05/08 United Bank,
Zebulon, GA
Sanderson State Bank, Sanderson, TX NM 855 $38,217 $32,012 $27,225 $9,646 12/12/08 The Pecos County State Bank, Fort Stockton, TX
Haven Trust Bank,
Duluth, GA
NM 10,041 $559,551 $489,692 $506,700 $207,957 12/12/08 Branch Bankings & Trust, Winston-Salem, NC
Whole Bank Purchase and Assumption – All Deposits
Douglass National Bank,
Kansas City, MO
N 4,904 $52,824 $50,250 $10,400 $6,544 01/25/08 Liberty Bank and Trust Company, New Orleans, LA
First Integrity Bank,
Staples, MN
N 5,372 $52,916 $50,178 $49,710 $10,108 05/30/08 First International Bank and Trust, Watford City, ND
Washington Mutual Bank, Henderson, NV SA 20,933,279 $307,021,614 $188,260,793 $0 $0 09/25/08 JPMorgan Chase
Downey Savings & Loan Assoc., Newport Beach, CA SA 605,841 $12,779,371 $9,653,169 $0 $1,374,607 11/21/08 U.S. Bank, National Association, Minneapolis, MN
PFF Bank & Trust,
Pomona, CA
SA 143,421 $3,715,433 $2,393,845 $0 $729,561 11/21/08 U.S. Bank, National Association, Minneapolis, MN
Purchase and Assumption – All Deposits
First National Bank of Nevada, Reno, NV N 81,758 $3,411,145 $3,038,053 $2,806,600 $706,119 07/25/08 Mutual of Omaha Bank, Omaha, NE
First Heritage Bank,
Newport Beach, CA
N 4,572 $255,376 $234,812 $256,700 $33,125 07/25/08 Mutual of Omaha Bank, Omaha, NE
Integrity Bank,
Alpharetta, GA
NM 22,767 $1,107,514 $962,456 $933,932 $210,779 08/29/08 Regions Bank,
Birmingham, AL
Ameribank, Inc.,
Northfork, WV
SA 13,052 $103,965 $100,901 $90,789 $33,413 09/19/08 Pioneer Community Bank, Inc., Iaeger, WV

The Citizens Savings Bank, Martins Ferry, OH
Meridian Bank,
Eldred, IL
NM 4,252 $38,223 $36,090 $36,100 $14,482 10/10/08 National Bank,
Hillsboro, IL
Main Street Bank,
Northville, MI
NM 2,395 $112,368 $98,934 $85,686 $32,058 10/10/08 Monroe Bank & Trust, Monroe, MI
Freedom Bank,
Bradenton, FL
NM 6,698 $270,842 $256,793 $256,618 $92,853 10/31/08 Fifth Third Bank, Grand Rapids, MI
Security Pacific Bank,
Los Angeles, CA
NM 5,417 $527,959 $456,472 $478,800 $175,478 11/07/08 Pacific Western Bank,
Los Angeles, CA
Franklin Bank, SSB,
Houston, TX
SB 111,394 $5,089,260 $3,692,887 $4,288,427 $1,361,570 11/07/08 Prosperity Bank,
El Campo, TX
The Community Bank, Loganville, GA NM 13,391 $634,901 $603,733 $619,550 $247,275 11/21/08 Bank of Essex, Tappahannock, VA

Codes for Bank Class:
NM = State-chartered bank that is not a member of the Federal Reserve System
N = National Bank
SB = Savings Bank
SM = State-chartered bank that is a member of the Federal Reserve System
SA = Savings Association

1 Estimated losses are as of 12/31/08. Estimated losses are routinely adjusted with updated information from new appraisals and asset sales, which ultimately affect the asset values and projected recoveries. back

2 Total Assets and Total Deposits data are based upon the last Call Report filed by the institution prior to failure. back

3 Represents corporate cash disbursements. back


Last Updated 08/8/2009 communications@fdic.gov

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