Failed Bank List

Closed Friday, January 31, 2014 · Boise, Ada County, Idaho

Syringa Bank

No bank in Idaho had failed for four years, since First Bank of Idaho closed in 2009. Syringa Bank's assets had shrunk 49% from their peak in the second quarter of 2008 by the last report before closing. Of the 5 failed banks on record in Idaho since 1934, it ranks second by size.

On the books, 2006 to 2013

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$80M$160M$240M$320M2007200820092010201120122013Closed
Total assets peaked at $301 million. Equity capital went from 11% of assets in the first quarter of 2006 to 2.0% at the last report. It reported a net loss in six of its final eight reporting years. The deepest annual loss, $27.0 million, was booked in 2009.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$32M−$32M2006: $1.1 million20069.8%2007: $612 thousand200715%2008: −$7.2 million200812%2009: −$27.0 million20095.7%2010: −$2.8 million20105.9%2011: −$5.3 million20114.2%2012: −$2.5 million20123.4%2013: −$2.4 million20132.0%

Size against the other 2014 failures

Total assets of the 18 banks that failed in 2014, log scale$10M$100M$1B
Total assets of each 2014 failure, log scale; Syringa Bank in red.

By assets it ranked sixth of the 18 failures in 2014. Across the failures of 2014, the median estimated loss came to 13% of assets. In the size ranking of that year, just above it was NBRS Financial of Rising Sun, Maryland ($155 million, loss 13% of assets); just below, Slavie Federal Savings Bank of Bel Air, Maryland ($140 million, loss 7.8% of assets). Every 2014 failure in the explorer.

Failures in Idaho

No bank in Idaho has failed since. No other failed bank in the FDIC's records was based in Ada County.

Bank failures in Idaho per year, 1980 to 2026000111986: 12009: 12014: 119801990200020102020
Per year since 1980, 2014 in red. Every Idaho failure

The acquiring bank

Sunwest Bank of Tustin, California took over five failed banks between 2000 and 2026. The others:

All 5 banks it took over.

  • MetroPacific BankIrvine, CA · June 26, 2009
  • First State BankFlagstaff, AZ · September 4, 2009
  • Pacific Coast National BankSan Clemente, CA · November 13, 2009
  • Westside Community BankUniversity Place, WA · January 11, 2013

FDIC certificate 34296 · loss estimate as of July 31, 2026 · How to read this page