Bank Failure
Centennial Bank
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Closed March 5, 2010 · Ogden, UT · FDIC Cert #34430.
- Closing date
- March 5, 2010
- Headquarters
- Ogden, UT
- FDIC Certificate
- 34430
- Total assets at closing
- $212.8M
- Total deposits at closing
- $205.1M
- Estimated loss to the insurance fund
- $70.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On March 5, 2010, regulators closed Centennial Bank, headquartered in Ogden, UT. At closing, the institution held approximately $212.8M in assets and $205.1M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $70.5M.
By assets at closing this is the 739th largest of the 3,526 bank failures in the FDIC record, and the 90th of 157 in 2010. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Centennial Bank fail?
Centennial Bank was closed by regulators on March 5, 2010.
How big was Centennial Bank when it failed?
Centennial Bank had approximately $212.8M in total assets and $205.1M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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