LibertyPointe Bank
New York, NY · Owner: Boymelgreen Finl Holdings Inc
$217M
total assets, December 31, 2009
$217M
total assets, December 31, 2009
LibertyPointe Bank was a state nonmember bank in New York, NY, owned by Boymelgreen Finl Holdings Inc. It failed on Mar 11, 2010, and Valley National Bank took over its deposits. At its last report it held $216.5 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Mar 11, 2010
- Assets
- $217M
- Deposits
- $209M
- Estimated cost
- $18.4M
- Deposits went to
- Valley National Bank, Wayne, NJ
Total assets
$217M
-14.6% in a year · +2.3% in a quarter
Deposits
$209M
-11.1% in a year · +3.1% in a quarter
Loans
$183M
-7.9% in a year · -2.5% in a quarter
Profit so far
-$10.7M
Jan 1 to Dec 31, 2009
Capital ratio
2.16%
-3.80 pts in a year
Return on assets
-4.68%
-0.08 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 120 Broadway, New York, NY, 10271
- County
- New York
- Holding company
- Boymelgreen Finl Holdings Inc
- Established
- Oct 3, 2005
- Failed
- Mar 11, 2010
- Employees
- 37
- Branches
- 3
- Id
- b58071
Quarter by quarter
December 31, 2005 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 LibertyPointe Bank?
$216.5 million in total assets and $209.5 million in deposits as of December 31, 2009, with assets down 14.6% from a year before. Its loans were $183.0 million.
How many branches does LibertyPointe Bank have?
3 branches in New York as of June 30, 2026.
Is LibertyPointe Bank profitable?
No: it lost $10.7 million from January 1 to December 31, 2009. Its return on assets was -4.68% a year; about 1% is typical.
Who owns LibertyPointe Bank?
LibertyPointe Bank is owned by Boymelgreen Finl Holdings Inc, its holding company.
When did LibertyPointe Bank fail?
Mar 11, 2010. Valley National Bank of Wayne, NJ took over its deposits. The estimated cost of the failure was $18.4 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.