MagnetBank

Details MagnetBank MagnetBank

Utah

Salt Lake

Salt Lake City

(NM) Commercial bank, state charter and Fed nonmember

inactive

58001

2005

FDIC Certificate Number: 58001
FDIC's unique number: 433480
The FDIC Field Office where an institution is physically located: Salt Lake City

Federal Reserve ID Number: 3385285
Report Date: 2008-09-30

Bank Charter Class: NM
The date of the last data update: 2009-01-30

2005-09-29 Institution established. Original name: Magnetbank.
2007-07-26 Changed organization type to Commercial Bank.
2009-01-30 Failed. No active institution received any of its deposits or its assets.
2009-01-30 FDIC closing information for Magnetbank : http://www.fdic.gov/bank/individual/failed/magnet.html.

Total assets: $300,674,000
Total deposits: $282,578,000
Last updated on: 2011-10-20

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Profile ID: LFUS-BAB-P-11112