First Lowndes Bank
Fort Deposit, AL · Owner: Fort Bcorp Inc the
$137M
total assets, December 31, 2009
$137M
total assets, December 31, 2009
First Lowndes Bank was a state nonmember bank in Fort Deposit, AL, owned by Fort Bcorp Inc the. It failed on Mar 19, 2010, and First Citizens Bank took over its deposits. At its last report it held $137.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Mar 19, 2010
- Assets
- $137M
- Deposits
- $131M
- Estimated cost
- $11.7M
- Deposits went to
- First Citizens Bank, Luverne, AL
Total assets
$137M
-12.4% in a year · -4.1% in a quarter
Deposits
$131M
-7.6% in a year · -3.6% in a quarter
Loans
$103M
-13.4% in a year · -3.5% in a quarter
Profit so far
-$8.3M
Jan 1 to Dec 31, 2009
Capital ratio
1.99%
-5.06 pts in a year
Return on assets
-5.49%
-4.81 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 115 West Old Fort Road, Fort Deposit, AL, 36032
- County
- Lowndes
- Holding company
- Fort Bcorp Inc the
- Established
- Feb 9, 1984
- Failed
- Mar 19, 2010
- Employees
- 50
- Branches
- 4
- Id
- b24957
Quarter by quarter
March 31, 1984 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First Lowndes Bank?
$137.2 million in total assets and $131.1 million in deposits as of December 31, 2009, with assets down 12.4% from a year before. Its loans were $102.7 million.
How many branches does First Lowndes Bank have?
4 branches in Alabama as of June 30, 2026.
Is First Lowndes Bank profitable?
No: it lost $8.25 million from January 1 to December 31, 2009. Its return on assets was -5.49% a year; about 1% is typical.
Who owns First Lowndes Bank?
First Lowndes Bank is owned by Fort Bcorp Inc the, its holding company.
When did First Lowndes Bank fail?
Mar 19, 2010. First Citizens Bank of Luverne, AL took over its deposits. The estimated cost of the failure was $11.7 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.