• Most Popular
  • Most Shared

FACTBOX-U.S. bank failures in 2009

Thu Jul 2, 2009 5:17pm EDT
 WASHINGTON, July 2 (Reuters) - Following is a list of U.S.
bank failures so far this year, according to the Federal
Deposit Insurance Corp.
 Details about each bank closure are posted here
             U.S. BANK FAILURES IN 2009**
  (assets, deposits, FDIC cost in million dollars)
BANK                  STATE   ASSETS  DEPOSITS  FDIC  CLOSING
                                             COST    DATE
Nat'l Bank of Comm.    Ill.    430.9   402.1     97.1  Jan 16
Bank of Clark County   Wash.   446.5   366.5    145.0* Jan 16
1st Centennial Bank    Cal.    803.3   676.9    227.0  Jan 23
MagnetBank             Utah    292.9   282.8    119.4  Jan 30
Suburban Federal       Md.     360.0   302.0    126.0  Jan 30
Ocala Nat'l Bank       Fla     223.5   205.2     99.6  Jan 30
FirstBank Financial    Ga.     337.0   279.0    111.0  Feb 6
Alliance Bank          Cal.  1,140.0   951.0    206.0  Feb 6
County Bank            Cal.  1,700.0 1,300.0    135.0  Feb 6
Sherman County Bank    Neb.    129.8    85.1     28.0  Feb 13
Riverside Bank         Fla.    539.0   424.0    201.5  Feb 13
Corn Belt Bank         Ill.    271.8   234.4    100.0  Feb 13
Pinnacle Bank          Ore.     73.0    64.0     12.1  Feb 13
Silver Falls Bank      Ore.    131.4   116.3     50.0  Feb 20
Security Savings Bank  Nev.    238.3   175.2     59.1  Feb 27
Heritage Community Bnk Ill.    232.9   218.6     41.6  Feb 27
Freedom Bank           Ga.     173.0   161.0     36.2  Mar 6
FirstCity Bank         Ga.     297.0   278.0    100.0  Mar 20
TeamBank N.A.          Kan.    669.8   492.8     98.0  Mar 20
Colorado Natl Bank     Colo.   123.5    82.7      9.0  Mar 20
Omni National Bank     Ga.     956.0   796.8    290.0  Mar 27
Cape Fear Bank         N.C.    492.0   403.0    131.0  Apr 10
New Frontier Bank      Col.  2,000.0 1,500.0    670.0  Apr 10
Great Basin Bank       Nev.    270.9   221.4     42.0  Apr 17
American Sterling      Mo.     181.0   171.9     42.0  Apr 17
American Southern Bank Ga.     112.3   104.3     41.9  Apr 24
Michigan Heritage Bank Mich.   184.6   151.7     71.3  Apr 24
1st Bank Beverly Hills Cal.  1,500.0 1,000.0    394.0  Apr 24
First Bank of Idaho    Idaho   488.9   374.0    191.2  Apr 24
Silverton Bank         Ga.   4,100.0 3,300.0  1,300.0  May 1
Citizens Comm'ty Bank  N.J.     45.1    43.7     11.5  May 1
America West Bank      Utah    299.4   284.1    119.4  May 1
Westsound Bank         Wash.   334.6   304.5    108.0  May 8
BankUnited             Fla. 12,800.0 8,600.0  4,900.0  May 21
Strategic Capital Bank Ill.    573.0   471.0    173.0  May 22
Citizens National Bank Ill.    437.0   400.0    106.0  May 22
Bank of Lincolnwood    Ill.    214.0   202.0     83.0  Jun 5
Southern Community     Ga.     377.0   307.0    114.0  Jun 19
Cooperative Bank       N.C.    970.0   774.0    217.0  Jun 19
First Nat'l of Anthony Kan.    156.9   142.5     32.3  Jun 19
Community Bank W. Ga.  Ga.     199.4   182.5     85.0  Jun 26
Neighborhood Bank      Ga.     221.6   191.3     66.7  Jun 26
Horizon Bank           Minn.    87.6    69.4     33.5  Jun 26
MetroPacific Bank      Calif.   80.0    73.0     29.0  Jun 26
Mirae Bank             Calif   456.0   362.0     50.0  Jun 26
John Warner Bank       Ill.     70.0    64.0     10.0  Jul 2
FirstState Winchester  Ill.     36.0    34.0      6.0  Jul 2
* FDIC estimated the cost to its insurance fund at between $120
million and $145 million
** Table does not include two corporate credit unions that were
placed into conservatorship on March 20. The U.S. Central
Federal Credit Union in Kansas and the Western Corporate
Federal Credit Union in California, which provide products to
the overall credit union system, are insured by the National
Credit Union Administration. Nor does the table include the
Eastern Financial Florida Credit Union, also insured by NCUA
and placed into conservatorship on April 24.



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article