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Home My WebLink About2008 09 17 Document was Third Given Out By Board Member FairDate: September 17, 2008 THE FOLLOWING DOCUMENT WAS THE THIRD GIVEN OUT DURING THE SPECIAL MEETING BY BOARD MEMBER MARIA FAIR FI3IC: Failed Bank List S~ ~~ ^~~ ' ~~ ~1 Home > Indust Analysis > Failed Banks > Failed Bank List Failed Bank List Page 1 of 2 The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership. This list includes banks which have failed since October 1, 2000. Bank Name Glasing Date Updated Date Silv_er_State_Bank,_H_ enderson, NV En Espanol September 5, 2008 September 5, 2008 Integrity Bank, Alpharetta, GA August 29, 2008 August 29, 2008 :rhe Columbian Bank and Trust, Topeka, KS August 22, 2008 August 22, 2008 First Priority BankLBradenton _FL August 1, 2008 August 1, 2008 First Heritage Bank, NA~Newport Beach, CA July 25, 2008 July 25, 2008 First National Bank_of_Nevada~ Reno, NV July 25, 2008 July 25, 2008 In~Mac Bank _Pasadena, CA July 11, 2008 July 11, 2008 First Integrity_Bank NA, Staples, MN May 30, 2008 July 25, 2008 ANB Financial, NAB Bentonyille~AR May 9, 2008 July 25, 2008 Hume Banks_Hume MO March 7, 2008 July 25, 2008 Douglass _National_ Bank, Kansas City, MO January 25, 2008 July 25, 2008 Miami Valley Bank~.Lakeyiew OH October 4, 2007 July 25, 2008 NetBank~Alpharetta,_GA. September 28, 2007 July 25, 2008 Metropolitan Savin s Bank Pittsbur h, PA February 2, 2007 July 25, 2008 __ank of Ephraim~_Ephraim1 UT June 25, 2004 April 9, 2008 Reliance Bank, White Plains, NY March 19, 2004 April 9, 2008 Guaranty National Bank of TallahasseeLTallahassee FL March 12, 2004 July 25, 2008 Dollar Savings Bank, Newarkl NJ February 14, 2004 April 9, 2008 Pulaski_Savings Bank, Philadelphia, PA November 14, 2003 July 22, 2005 The First National__Bank of BI_a_nchardville, BlanchardvilleLWl May 9, 2003 July 25, 2008 Southern Pacific_Bank, Torrence, CA February 7, 2003 July 25, 2008 The Farmers Bank of Cheneyville, Cheneyville, LA December 17, 2002 October 20, 2004 The_Bank of_Alamo _Alamo, TN November 8, 2002 March 18, 2005 AmTrade_ International Bank of Georgia, Atlanta, GA En_Espanol September 30, 2002 September 11, 2006 Universal Federal Savings Bank, Chicago, IL June 27, 2002 April 9, 2008 Connectcut_Bank of Commerce _ Stamford. CT June 26, 2002 July 25, 2008 New_Century_Bank _Shelby Towns, MI March 28, 2002 March 18, 2005 Net 1st National Bank, Boca Rato~FL March 1, 2002 April 9, 2008 NextBank N.A., Phoenix, AZ February 7, 2002 July 25, 2008 Oakwood Deposit Bank Company, Oakwood, OH February 1, 2002 July 25, 2008 Bank of Sierra_Blanca Sierra Blanca. TX January 18, 2002 November 6, 2003 http://www. fdic. gov/bank/individuaUfailed/banklist.html 9/17/2008 Bankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Union rating feature SILVER STATE BANK 170 SOUTH GREEN VALLEY PARKWAY, STE 300 HENDERSON, Nevada 89012 CAEL RATING 5G Predictive Indicator neutral As of June 30, 2008 Federal Reserve System Identifier 2479310 HOLDING COMPANY INFORMATION (Based on data from the previous quarter.) Holding company data is in thousands and percent. Zero assets indicates that the data is not reported. Page 2 of 3 ~~ E*TRAi ~ __..._ . f r_,-. Compa APPLY! ~~~, aeta~a cat Mortga.ge_ cal_ See_~!our_FIC Range..-- Frei How much m High Holder Ownership Assets Equity Eg e y_ou _saye in_y Plan? Assets Incom e SII.VER STATE wholly- Which is bett BANCORP owned rebate_or _spe financing? INTRODUCTION U.S. commercial banks are chartered under either federal or state jurisdiction for VIEW MORE the purposes of accepting funds for deposit and extending loans to either individual or business borrowers. Banks are subject to credit, interest rate, and - advert;, operational risk, and, because of both their public purpose and their importance to the nation's economy, banks are the object of intense regulatory scrutiny. The Bankrate proprietary commercial bank rating model analyzes capitalization, Select CF o% irdro asset quality, earnings, and liquidity and produces composite and component "CAEL" ratings that can be used as a measure of the rated entity's financial safety ;: and soundness. Additionally, early warning components of the model highlight operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS Institution Name SILVER STATE BANK Report Date June 30, 2008 Report Period 6 months CAEL Composite Rating, Percentile SG 0.31 Rank Predictive Indicator neutral Earnings Rating, Percentile Rank S 8.13 Asset Quality Rating, Percentile Rank S 1.11 Capital Rating, Percentile Rank S 1.54 Liquidity Rating, Percentile Rank 3 16.91 Institution Asset Size 1.9571 billion http://www.bankrate.com/brm/safesound/commmm.asp?fedid=2479310 9/17/2008 Bankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Union rating feature Page 2 of 3 INTEGRITY BANK `.- apply, 11140 STATE BRIDGE ROAD ALPHARETTA, Georgia 30022 CAEL RATING 5 Predictive Indicator neutral As of June 30, 2008 --~°-~ Federal Reserve System Identifier 2922339 ~ a~t.~a~o cat Mortgage cal HOLDING COMPANY INFORMATION (Based on data from the previous quarter.) Seeyouur FIC Ran.ge_--_Fre~ Holding company data is in thousands and percent. Zero assets indicates that the data is not reported. How much_.m you save. in_y plan? High Holder Ownership Assets Equity Equity to Net which_is bett Assets Income rebate or spE INTEGRITY wholly- financing? BANCSHARES, INC. owned VIEW_MORE INTRODUCTION ~ -adverbs U.S. commercial banks are chartered under either federal or state jurisdiction for the purposes of accepting funds for deposit and extending loans to either - individual or business borrowers. Banks are subject to credit, interest rate, and operational risk, and, because of both their public purpose and their importance to Select cF the nation's economy, banks are the object of intense regulatory scrutiny. o% intro The Bankrate proprietary commercial bank rating model analyzes capitalization, asset quality, earnings, and liquidity and produces composite and component "CAEL" ratings that can be used as a measure of the rated entity's financial safety and soundness. Additionally, early warning components of the model highlight operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS Institution Name INTEGRITY BANK Report Date June 30, 2008 Report Period 6 months CAEL Composite Rating, Percentile S 0 29 Rank . Predictive Indicator neutral Earnings Rating, Percentile Rank S 10.51 Asset Quality Rating, Percentile Rank S 1.11 Capital Rating, Percentile Rank S 0.62 Liquidity Rating, Percentile Rank 3 16.91 Institution Asset Size 1.1075 billion http://www.bankrate.com/brm/safesound/commmm.asp?fedid=2922339 9/17!2008 Bankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Union rating feature Page 2 of 3 COLOMBIAN BANK AND TRUST COMPANY, THE ~iscov~ 701 KANSAS AVENUE ^ TOPEKA, Kansas 66603 CAEL RATING 5 ~ ~.r com_ pa Predictive Indicator neutral Apply! As of June 30, 2008 Federal Reserve System Identifier 422750 HOLDING COMPANY INFORMATION ~~~n cx~ (Based on data from the previous quarter.) Mort a e.cal 9 -9_ Holding company data is in thousands and percent. Zero assets indicates that the See_~our___FIC data is not reported. Ra.nge_ _- Frei How__much_m Equity to Net Yo__u s_a.ye Ind High Holder Ownership Assets Equity pian? Assets Income COLOMBIAN wholly- Which _is_ bett FINANCIAL owned rebate. or spE CORPORATION f nancing? INTRODUCTION VIEW MORE_ U.S. commercial banks are chartered under either federal or state jurisdiction for the purposes of accepting funds for deposit and extending loans to either - edverti~ individual or business borrowers. Banks are subject to credit, interest rate, and _ operational risk, and, because of both their public purpose and their importance to the nation's economy, banks are the object of intense regulatory scrutiny. select ct The Bankrate proprietary commercial bank rating model analyzes capitalization, 0% Intro asset quality, earnings, and liquidity and produces composite and component "CAEL" ratings that can be used as a measure of the rated entity's financial safety and soundness. Additionally, early warning components of the model highlight operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS Institution Name COLOMBIAN BANKAND TRUST COMPANY, THE Report Date June 30, 2008 Report Period 6 months CAEL Composite Rating, S 1.33 Percentile Rank Predictive Indicator neutral Earnings Rating, Percentile 4 36.18 Rank Asset Quality Rating, S 1.24 Percentile Rank ('nnitnl Rntino Pnrrvntily http://www.bankrate.com/brm/safesound/commmm.asp?fedid=422750 9/17!2008 Bankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Union rating feature FIRST PRIORITY BANK 4702 CORTEZ ROAD WEST BRADENTON, Florida 34210 CAEL RATING 5 Predictive Indicator neutral As of June 30, 2008 Federal Reserve System Identifier 3225411 HOLDING COMPANY INFORMATION (Based on data from the previous quarter.) This bank is not owned by a holding company. Page 2 of 3 r.~~~~ Instant _...._. C.ompa c~: Apply! ~seca~oa tni INTRODUCTION U.S. commercial banks are chartered under either federal or state jurisdiction for the purposes of accepting funds for deposit and extending loans to either individual or business borrowers. Banks are subject to credit, interest rate, and operational risk, and, because of both their public purpose and their importance to the nation's economy, banks are the object of intense regulatory scrutiny. The Bankrate proprietary commercial bank rating model analyzes capitalization, asset quality, earnings, and liquidity and produces composite and component "CAEL" ratings that can be used as a measure of the rated entity's financial safety and soundness. Additionally, early warning components of the model highlight operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS Institution Name FIRST PRIORITY BANK Report Date June 30, 2008 Report Period 6 months CAEL Composite Rating, Percentile 5 0.01 Rank Predictive Indicator neutral Earnings Rating, Percentile Rank 5 1.25 Asset Quality Rating, Percentile Rank S 1.11 Capital Rating, Percentile Rank S 0.01 Liquidity Rating, Percentile Rank 3 16.91 Institution Asset Size Deposits Loans Equity Net Profit/Loss 258.6100 million 226.6980 million 178.2000 million 1.5110 million -12,448.00 thousand http://www. bankrate.com/brm/safesound/commmm.asp?fedid=3225411 Mortgage_ cal See~iou r_FIC Ranye_--_Fre~ How much_m y_ou_save in_y plan? W h i.ch_is__bett rebate or_spE fin_ancin.g? VIEW_MORE - adverti~ Select Ce 096 lydro 9/17/2008 Bankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Union rating feature Page 2 of 3 FIRST NATIONAL BANK OF NEVADA -- - - 6275 NEIL ROAD RENO, Nevada 89511 CAEL RATING 5G Predictive Indicator neutral As of June 30, 2008 Federal Reserve System Identifier 411464 k F RElAtE[) CAI HOLDING COMPANY INFORMATION Mortgage- cal (Based on data from the previous quarter.) See_xour FIC Holding company data is in thousands and percent. 7.ero assets indicates that the Range,..-- Frei data is not reported. How much m you save n_y plan? High Holder Ownershi Assets E uit Equity to Net p q y which. is bett Assets Income rebate_or_apE FIRST NATIONAL BANK wholly- fnanci.ng? HOLDING COMPANY owned VIEW. MORE INTRODUCTION U.S. commercial banks are chartered under either federal or state jurisdiction for - advertis the purposes of accepting funds for deposit and extending loans to either - individual or business borrowers. Banks are subject to credit, interest rate, and operational risk, and, because of both their public purpose and their importance to Select Ce the nation's economy, banks are the object of intense regulatory scrutiny. o% irrtro The Bankrate proprietary commercial bank rating model analyzes capitalization, asset quality, earnings, and liquidity and produces composite and component "CAEL" ratings that can be used as a measure of the rated entity's financial safety and soundness. Additionally, early warning components of the model highlight operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS Institution Name FIRST NATIONAL BANK OF NEVADA Report Date June 30, 2008 Report Period 6 months CAEL Composite Rating, Percentile Rank SG 0.28 Predictive Indicator neutral Earnings Rating, Percentile Rank S 14.72 Asset Quality Rating, Percentile Rank S 0.01 Capital Rating, Percentile Rank 4 7.45 1 inrri~ifi+ Rntinn pornonti~o lJnnli > >nn nn http://www.bankrate.com/brm/safesound/commmm.asp?fedid=411464 9/17/2008 Bankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Unions rating feature Page 2 of 3 IndyMac Bank, F.S.B. ~r c,pplY~ 888 East Walnut Street Pasadena, California 91101 CAEL RATING 5 As of June 30, 2008 Predictive Indicator neutral ~~-~~- Docket 03970 ~ _REra-~ti ca INTRODUCTION Mortgage cal U.S. thrift institutions aze chartered under either federal or state jurisdiction for See y_our_FIc the primary purpose of utilizing deposited funds to issue loans secured by real Range_--_Fre~ estate. Currently, real estate-backed loans account for approximately 61% of total thrift industry assets, and one-to-four family residential mortgages comprise How _much m neazly 80% of the industry's real estate loan portfolio. Thrift institutions aze you_save_in_y subject to credit, interest rate, and operational risk, and, through the last twenty p!a"' years, thrifts have made great strides towazd reducing historic mismatches between asset and liability maturities. Which is bett - rebate. or s.pE The Bankrate proprietary thrift institution rating model analyzes capitalization, _fi_na_ncing?. asset quality, earnings, and liquidity to produce composite and component CAEL ~ vEw_MORE ratings that can be used as a measure of the rated entity's financial safety and soundness. Additionally, eazly warning components of the model highlight - ad"ert'' operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS select cf 0% Intro Institution Name IndyMac Bank, F.S.B. Report Date June 30, 2008 CAEL Composite Rating, Percentile 5 0 25 . Rank Predictive Indicator neutral Earnings Rating, Percentile Rank 5 0.49 Asset Quality Rating, Percentile Rank S 1.64 Capital Rating, Percentile Rank S 0.08 Liquidity Rating, Percentile Rank 2 48.72 Institution Asset Size 30.6985 billion Deposits 18.3259 billion Loans 18.7617 billion Equity 1.1433 billion Net Profit/Loss -766,630.00 thousand COMPONENT HIGHLIGHTS EARNINGS Highlights Component CAEL Rating: 5 http://www.bankrate.com/brm/safesound/thrftmm.asp?fedid=1000503970 9!17/2008 `. . ~ , ankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Unions rating feature Washington Mutual Bank 2273 North Green Valley Pkwy, Ste. 14 Henderson, Nevada 89014 CAEL RATING 5 As of June 30, 2008 Predictive Indicator neutral Docket 08551 INTRODUCTION U.S. thrift institutions are chartered under either federal or state jurisdiction for the primary purpose of utilizing deposited funds to issue loans secured by real estate. Currently, real estate-backed loans account for approximately 61% of total thrift industry assets, and one-to-four family residential mortgages comprise nearly 80% of the industry's real estate loan portfolio. Thrift institutions are subject to credit, interest rate, and operational risk, and, through the last twenty years, thrifts have made great strides toward reducing historic mismatches between asset and liability maturities. The Bankrate proprietary thrift institution rating model analyzes capitalization, asset quality, earnings, and liquidity to produce composite and component CAEL ratings that can be used as a measure of the rated entity's financial safety and soundness. Additionally, early warning components of the model highlight operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS Institution Name Washington Mutual Bank Report Date June 30, 2008 CAEL Composite Rating, Percentile S 4.92 Rank Predictive Indicator neutral Earnings Rating, Percentile Rank S 13.23 Asset Quality Rating, Percentile Rank 4 13.82 Capital Rating, Percentile Rank S 4.74 Liquidity Rating, Percentile Rank 3 7.66 Institution Asset Size 307.0216 billion Deposits 181.8671 billion Loans 234.4649 billion Equity 24.3797 billion Net Profit/Loss -4,272,651.00 thousand COMPONENT HIGHLIGHTS EARNINGS Highlights Component CAEL Rating: 5 T .....1. _...-C. a..La:a.. :., .._a. ,...1 a., L.._1.~:.-.- -..._.a..l ....a..L 1:..L:.-.~ -.-7-.-._-.a.. 1~.... http://www.bankrate. com/brm/safesound/thrftmm.asp?fedid=1000508551 Page 2 of 3 yr:: '~ AppIY!. ~~'° aFrn~c~ cap Mort,~gage_cal See_~ourFIC Ra n_g.e__-.- _ Frei How. much_m y_ou_ saye_n_y plan? W hch_ is_bett rebate or_s~E financing? VIEW_MORE .. - i;~tdLd.`cE _`~F(V ttd Geta~ w;th a StO, h!L• M8E''st v-~ - . 9/17/2008 ~' , ankrate.com's Safe & Sound (tm) Bank, Thrift and Credit Unions rating feature FAIRWINDS 135 W CENTRAL BLVD, STE 1220 ORLANDO, FL 32801 GAEL RATING 5 As of June 30, 2008 Predictive Indicator neutral Fed ID 68417 INTRODUCTION A credit union is a nonprofit, cooperative financial institution, owned and administered by individual members, who must meet eligibility requirements to join. Credit unions pay no federal income tax. Community development credit union are chartered to serve the needs of low income members who reside in financially distressed or under-served communities. Thirty-one corporate credit unions, located throughout the country, function as central banking facilities for the U.S. credit union industry. The Bankrate proprietary credit union rating model analyzes capitalization, asset quality, earnings, and liquidity to produce composite and component CAEL ratings that can be used as a measure of the rated entity's financial safety and soundness. Additionally, early warning components of the model highlight operating characteristics of immediate concern and recommended follow-up actions. INSTITUTIONAL HIGHLIGHTS Institution Name Report Date CAEL Composite Rating, Percentile Rank Predictive Indicator Earnings Rating, Percentile Rank 5 Asset Quality Rating, Percentile Rank 5 FAIRWINDS June 30, 2008 S 1.05 neutral Capital Rating, Percentile Rank Liquidity Rating, Percentile Rank Institution Asset Size Deposits Loans Equity Net Profit/Loss COMPONENT HIGHLIGHTS CAPITAL Highlights Component CAEL Rating: 5 S 5 19.35 3.12 16.87 0.79 1.7808 billion 1.5476 billion 1.1633 billion 144.1889 million -6,501.96 thousand Capitalization stands as protection against loss for credit union members, ..~.. .]: a.. _.. ,... ..t aL .. AT.. ~: ., .-~l !'+..^. .77a TT_:.._ CAL .. _.. T. .... _..... .... T').... .] /AT/'~T TPTT\ .-.L:..L http://www.bankrate.tom/brm/safesound/cumm.asp?fedid=2000068417 Page 2 of 3 -~' Cost .Q~ Fee:>.- ....._ 8 ~~c~ c~-f Mortgage_ca.l See_~rour FIC Range___ =Free How_much_ m xou_sav_e_n .y plan? Which_is belt rebate or_s~ f Wanting? VIEW_MORE - adverti~ ~' Him Yiekic~g See Rate 9/16/2008 i9 ~;,