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Client flight during 2012 helped bring a 13% fall in total deposits.
FFLC had total assets of $1 billion, $795 million in total deposits and total loans of $884 million as of Dec. 31, Colonial said.
In total, deposits, from which the bank generates most of its funding, fell by £1.5bn from the end of December to £20.9bn.
The Financial Times estimates that of the sixty-eight billion euros in total deposits in Cypriot banks reported publicly by the Central Bank of Cyprus, more than a third belong to Russian companies, some of which are mere nameplates designed to hold the questionable wealth of Russian individuals.
As of December 31 , 2011 the Bank had $16.4 billion in total deposits and $16 billion in total net loans.
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Also failing were: Bank of Elmwood in Racine, Wis., with $327.4 million in assets and $273.2 million in deposits; Riverview Community Bank, based in Otsego, Minn., with $108 million in assets and total deposits of about $80 million; and First Dupage Bank in Westmont, Ill., with $279 million in assets and total deposits of $254 million.
In what was seen as a sign of consumer displeasure with the $5 debit card fee that the bank decided to impose last summer before dropping it in the fall, total deposits shrank in the fourth quarter by just over $5 billion, to $417.1 billion.
Both JPMorgan and Bank of America have over $1 trillion in deposits, and total deposits covered by FDIC insurance are about $9 trillion.
They also expected to be treated in the same way as Icelandic savers, whose total deposits in Landsbanki were guaranteed by the Icelandic government.Under the June deal, Iceland, a country of just 300,000 people, is to borrow the staggering sum of $5.5 billion from the British and Dutch governments, at an annual interest rate of 5.5%, to meet the Icesave bill.
Estonia is unique in that its oil shale deposit account for just 17% of total deposits in European Union but it generates 90% of its power from oil shale.
Bank of Cyprus, based in Nicosia, said that, together, it and Emporiki would have 12percentt of total deposits in Greece.
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