MagnetBank
| Status: | Inactive as of 01/30/2009 |
| Financial Difficulty - Payoff | |
| Headquarters: | MagnetBank 2825 East Cottonwood Parkway, Suite 180 Salt Lake City, UT 84121 |
| Established: | 09/29/2005 |
| FDIC Insurance: | 09/29/2005 |
| FDIC Cert: | #58001 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $300,674,000 |
| Total Deposits: | $282,578,000 |
History
| 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. |