This FDIC closed 4 banks, 2 from Georgia and 1 each from Alabama and Texas.
Till now 23 banks have been failed in Georgia alone since 2008.
Fridays biggest failure was Guaranty Bank.
Guaranty Bank had 103 branches in Texas and 59 branches in California.
This was the second biggest bank failure of the 2009 after Colonial Bank failed last week only.
The biggest bank failures of 2009 are :
| Bank Name | Assets | Closing Date | State |
| Colonial Bank | $25 billion | August 14, 2009 | Alabama |
| Guaranty Bank | $13 billion | August 21, 2009 | Texas |
| BankUnited FSB | $12.80 billion | May 21, 2009 | Florida |
| Silverton Bank, N.A | $4.1 billion | May 01, 2009 | Georgia |
| New Frontier Bank | $2.0 billion | April 10, 2009 | Colorado |
Check all the failed banks in 2009 at
http://portalseven.com/Failed-Banks-2009
Check map of failed banks at :
http://portalseven.com/Failed-Banks-Map-2009
More about today’s bank failures :
1) ebank, Atlanta, Georgia
# 17th bank from Georgia to be closed by FDIC in 2009 and 22nd since 2008.
# As of July 10, 2009, ebank had total assets of $143 million and total deposits of approximately $130 million.
# Stearns Bank, National Association, St. Cloud, Minnesota, to assume all of the deposits of ebank.
# Cost to the Deposit Insurance Fund (DIF) will be $63 million.
2) First Coweta, Newnan, Georgia
# 18th bank from Georgia to be closed by FDIC in 2009 and 23nd since 2008.
# As of July 31, 2009, First Coweta had total assets of $167 million and total deposits of approximately $155 million.
# United Bank, Zebulon, Georgia, to assume all of the deposits of First Coweta, excluding those from brokers.
# Cost to the Deposit Insurance Fund (DIF) will be $48 million.
3) CapitalSouth Bank, Birmingham, Alabama
# 2nd bank from Alabama to be closed by FDIC
# As of June 30, 2009, CapitalSouth Bank had total assets of $617 million and total deposits of approximately $546 million.
# IBERIABANK, Lafayette, Louisiana, to assume all of the deposits of CapitalSouth Bank, excluding those from brokers.
# Cost to the Deposit Insurance Fund (DIF) will be $151 million.
4) Guaranty Bank, Austin, Texas
# 2nd bank from Texas to be closed by FDIC
# As of June 30, 2009, Guaranty Bank had total assets of approximately $13 billion and total deposits of approximately $12 billion.
# BBVA Compass, Birmingham, Alabama, to assume all of the deposits of Guaranty Bank.
# Cost to the Deposit Insurance Fund (DIF) will be $3 billion.
# Guaranty Bank had 103 branches in Texas and 59 branches in California
Tags: 2009 Failed Banks, bank failures, Failed Banks, Failed Banks 2009, Failed Banks August, Failed Banks August 21, FDIC, Friday Failures
