Number of Banks Failed in 2009

140

Monthly Bank Failures in 2008-2013

     
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Yearly Failed Banks List
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Historical Bank Failures(Since 1934)
1931 1932 1933 1934 1935 1936 1937 1938 1939 1940
1941 1942 1943 1944 1945 1946 1947 1948 1949 1950
1951 1952 1953 1954 1955 1956 1957 1958 1959 1960
1961 1962 1963 1964 1965 1966 1967 1968 1969 1970
1971 1972 1973 1974 1975 1976 1977 1978 1979 1980
1981 1982 1983 1984 1985 1986 1987 1988 1989 1990
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
2001 2002 2003 2004 2005 2006 2007
Failed Banks Map
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Asset-wise List
Acquiring Banks Big Banks Medium Banks Small Banks
     

# Bank Location Date Closed Assets Deposits FDIC Cost
140 First Federal Bank of California, F.S.B. Santa Monica, CA December 18, 2009 $6.1 billion $4.5 billion $146.3 million
139 Imperial Capital Bank La Jolla, CA December 18, 2009 $4.0 billion $2.8 billion $619.2 million
138 Independent Bankers Bank Springfield, IL December 18, 2009 $585.5 million $511.5 million $68.4 million
137 New South Federal Savings Bank Irondale, AL December 18, 2009 $1.5 billion $1.2 billion $212.3 million
136 Citizens State Bank New Baltimore, MI December 18, 2009 $168.6 million $157.1 million $76.6 million
135 Peoples First Community Bank Panama City, FL December 18, 2009 $1.8 billion $1.7 billion $556.7 million
134 RockBridge Commercial Bank Atlanta, GA December 18, 2009 $294.0 million $291.7 million $124.2 million
133 SolutionsBank Overland Park, KS December 11, 2009 $511.1 million $421.3 million $122.1 million
132 Valley Capital Bank, N.A. Mesa, AZ December 11, 2009 $40.3 million $41.3 million $7.4 million
131 Republic Federal Bank, N.A. Miami, FL December 11, 2009 $433.0 million $352.7 million $122.6 million
130 Greater Atlantic Bank Reston, VA December 04, 2009 $203.0 million $179.0 million $35 million
129 Benchmark Bank Aurora, IL December 04, 2009 $170.0 million $181.0 million $64 million
128 AmTrust Bank Cleveland, OH December 04, 2009 $12.0 billion $8.0 billion $2.0 billion
127 The Tattnall Bank Reidsville, GA December 04, 2009 $49.6 million $47.3 million $13.9 million
126 First Security National Bank Norcross, GA December 04, 2009 $128.0 million $123.0 million $30.1 million
125 The Buckhead Community Bank Atlanta, GA December 04, 2009 $874.0 million $838.0 million $241.4 million
124 Commerce Bank of Southwest Florida Fort Myers, FL November 20, 2009 $79.7 million $76.7 million $23.6 million
123 Pacific Coast National Bank San Clemente, CA November 13, 2009 $134.4 million $130.9 million $27.4 million
122 Orion Bank Naples, FL November 13, 2009 $2.7 billion $2.1 billion $615 million
121 Century Bank, F.S.B. Sarasota, FL November 13, 2009 $728 million $631 million $344 million
120 United Commercial Bank San Francisco, CA November 06, 2009 $11.2 billion $7.5 billion $1.4 billion
119 Gateway Bank of St. Louis St. Louis, MO November 06, 2009 $27.7 million $27.9 million $9.2 million
118 Prosperan Bank Oakdale, MN November 06, 2009 $199.5 million $175.6 million $60.1 million
117 Home Federal Savings Bank Detroit, MI November 06, 2009 $14.9 million $12.8 million $5.4 million
116 United Security Bank Sparta, GA November 06, 2009 $157 million $150 million $58 million
115 North Houston Bank Houston, TX October 30, 2009 $326.2 million $308.0 million -
114 Madisonville State Bank Madisonville, TX October 30, 2009 $256.7 million $225.2 million -
113 Citizens National Bank Teague, TX October 30, 2009 $118.2 million $97.7 million -
112 Park National Bank Chicago, IL October 30, 2009 $4.70 billion $3.73 billion -
111 Pacific National Bank San Francisco, CA October 30, 2009 $2.33 billion $1.76 billion -
110 California National Bank Los Angeles, CA October 30, 2009 $7.79 billion $6.16 billion $2.5 billion*
109 San Diego National Bank San Diego, CA October 30, 2009 $3.60 billion $2.89 billion -
108 Community Bank of Lemont Lemont, IL October 30, 2009 $81.8 million $81.2 million -
107 Bank USA, National Association Phoenix, AZ October 30, 2009 $212.8 million $117.1 million -
106 First Dupage Bank Westmont, IL October 23, 2009 $279 million $254 million $59 million
105 Riverview Community Bank Otsego, MN October 23, 2009 $108 million $80 million $20 million
104 Bank of Elmwood Racine, WI October 23, 2009 $327.4 million $273.2 million $101.1 million
103 Flagship National Bank Bradenton, FL October 23, 2009 $190 million $175 million $59 million
102 Hillcrest Bank Florida Naples, FL October 23, 2009 $83 million $84 million $45 million
101 American United Bank Lawrenceville, GA October 23, 2009 $111 million $101 million $44 million
100 Partners Bank Naples, FL October 23, 2009 $65.5 million $64.9 million $28.6 million
99 San Joaquin Bank Bakersfield, CA October 16, 2009 $775 million $631 million $103 million
98 Southern Colorado National Bank Pueblo, CO October 02, 2009 $39.5 million $31.9 million $6.6 million
97 Jennings State Bank Spring Grove, MN October 02, 2009 $56.3 million $52.4 million $11.7 million
96 Warren Bank Warren, MI October 02, 2009 $538 million $501 million $275 million
95 Georgian Bank Atlanta, GA September 25, 2009 $2.0 billion $2.0 billion $892 million
94 Irwin Union Bank, F.S.B. Louisville, KY September 18, 2009 $493 million $441 million -
93 Irwin Union Bank and Trust Company Columbus, IN September 18, 2009 $2.7 billion $2.1 billion $850 million
92 Venture Bank Lacy, WA September 11, 2009 $970 million $903 million $298 million
91 Brickwell Community Bank Woodbury, MN September 11, 2009 $72 million $63 million $22 million
90 Corus Bank Chicago, IL September 11, 2009 $7 billion $7 billion $1.7 billion
89 First State Bank Flagstaff, AZ September 04, 2009 $105 million $95 million $47 million
88 Platinum Community Bank Rolling Meadows, IL September 04, 2009 $345.6 million $305 million $114.3 million
87 Vantus Bank Sioux City, IA September 04, 2009 $458 million $368 million $168 million
86 InBank Oak Forest, IL September 04, 2009 $212 million $199 million $66 million
85 First Bank of Kansas City Kansas City, MO September 04, 2009 $16 million $15 million $6 million
84 Affinity Bank Ventura, CA August 28, 2009 $1 billion $922 million $254 million
83 Mainstreet Bank Forest Lake, MN August 28, 2009 $459 million $434 million $95 million
82 Bradford Bank Baltimore, MD August 28, 2009 $452 million $383 million $97 million
81 Guaranty Bank Austin, TX August 21, 2009 $13 billion $12 billion $3.0 billion
80 CapitalSouth Bank Birmingham, AL August 21, 2009 $617 million $546 million $151 million
79 First Coweta Bank Newnan, GA August 21, 2009 $167 million $155 million $48 million
78 ebank Atlanta, GA August 21, 2009 $143 million $130 million $63 million
77 Community Bank of Nevada Las Vegas, NV August 14, 2009 $1.52 billion $1.38 billion $781.5 million
76 Community Bank of Arizona Phoenix, AZ August 14, 2009 $158.5 million $143.8 million $25.5 million
75 Union Bank, National Association Gilbert, AZ August 14, 2009 $124 million $112 million $61 million
74 Colonial Bank Montgomery, AL August 14, 2009 $25 billion $20 billion $2.8 billion
73 Dwelling House Savings and Loan Association Pittsburgh, PA August 14, 2009 $13.4 million $13.8 million $6.8 million
72 Community First Bank Prineville, OR August 07, 2009 $209 million $182 million $45 million
71 Community National Bank of Sarasota County Venice, FL August 07, 2009 $97 million $93 million $24 million
70 First State Bank Sarasota, FL August 07, 2009 $463 million $387 million $116 million
69 Mutual Bank Harvey, IL July 31, 2009 $1.6 billion $1.6 billion $696 million
68 First BankAmericano Elizabeth, NJ July 31, 2009 $166 million $157 million $15 million
67 Peoples Community Bank West Chester, OH July 31, 2009 $705.8 million $598.2 million $129.5 million
66 Integrity Bank Jupiter, FL July 31, 2009 $119 million $102 million $46 million
65 First State Bank of Altus Altus, OK July 31, 2009 $103.4 million $98.2 million $25.2 million
64 Security Bank of Jones County Gray, GA July 24, 2009 $453 million $387 million -
63 Security Bank of Houston County Perry, GA July 24, 2009 $383 million $320 million -
62 Security Bank of Bibb County Macon, GA July 24, 2009 $1.2 billion $1 billion -
61 Security Bank of North Metro Woodstock, GA July 24, 2009 $224 million $212 million -
60 Security Bank of North Fulton Alpharetta, GA July 24, 2009 $209 million $209 million -
59 Security Bank of Gwinnett County Suwanee, GA July 24, 2009 $322 million $292 million $807 million
58 Waterford Village Bank Williamsville, NY July 24, 2009 $61.4 million $58 million $5.6 million
57 Temecula Valley Bank Temecula, CA July 17, 2009 $1.3 billion $1.5 billion $391 million
56 Vineyard Bank, N.A. Rancho Cucamonga, CA July 17, 2009 $1.9 billion $1.6 billion $579 million
55 BankFirst Sioux Falls, SD July 17, 2009 $275 million $254 million $91 million
54 First Piedmont Bank Winder, GA July 17, 2009 $115 million $109 million $29 million
53 Bank of Wyoming Thermopolis, WY July 10, 2009 $70 million $67 million $27 million
52 Founders Bank Worth, IL July 02, 2009 $962.5 million $848.9 million $188.5 million
51 Millennium State Bank of Texas Dallas, TX July 02, 2009 $118 million $115 million $47 million
50 First National Bank of Danville Danville, IL July 02, 2009 $166 million $147 million $24 million
49 Elizabeth State Bank Elizabeth, IL July 02, 2009 $55.5 million $50.4 million $11.2 million
48 Rock River Bank Oregon, IL July 02, 2009 $77 million $75.8 million $27.6 million
47 First State Bank of Winchester Winchester, IL July 02, 2009 $36 million $34 million $6 million
46 John Warner Bank Clinton, IL July 02, 2009 $70 million $64 million $10 million
45 Mirae Bank Los Angeles, CA June 26, 2009 $456 million $362 million $50 million
44 Metro Pacific Bank Irvine, CA June 26, 2009 $80 million $73 million $29 million
43 Horizon Bank Pine City, MN June 26, 2009 $87.6 million $69.4 million $33.5 million
42 Neighborhood Community Bank Newnan, GA June 26, 2009 $221.6 million $191.3 million $66.7 million
41 Community Bank of West Georgia Villa Rica, GA June 26, 2009 $199.4 million $182.5 million $85 million
40 First National Bank of Anthony Anthony, KS June 19, 2009 $156.9 million $142.5 million $32.2 million
39 Cooperative Bank Wilmington, NC June 19, 2009 $970 million $774 million $217 million
38 Southern Community Bank Fayetteville, GA June 19, 2009 $377 million $307 million $114 million
37 Bank of Lincolnwood Lincolnwood, IL June 05, 2009 $214 million $202 million $83 million
36 Citizens National Bank Macomb, IL May 22, 2009 $437 million $400 million $106 million
35 Strategic Capital Bank Champaign, IL May 22, 2009 $537 million $471 million $173 million
34 BankUnited FSB Coral Gables, FL May 21, 2009 $12.8 billion $8.6 billion $4.9 billion
33 Westsound Bank Bremerton, WA May 08, 2009 $365 million $330 million $108 million
32 America West Bank Layton, UT May 01, 2009 $284 million $299 million $119.4 million
31 Citizens Community Bank Ridgewood, NJ May 01, 2009 $45.1 million $43.7 million $18.1 million
30 Silverton Bank, N.A Atlanta, GA May 01, 2009 $4.1 billion $3.3 billion $1.3 billion
29 First Bank of Idaho Ketchum, ID April 24, 2009 $488 million $374 million $191.2 million
28 First Bank of Beverly Hills Calabasas, CA April 24, 2009 $1.5 billion $1.0 billion $394 million
27 Michigan Heritage Bank Farmington Hills, MI April 24, 2009 $184.6 million $151.7 million $71.3 million
26 American Southern Bank Kennesaw, GA April 24, 2009 $112.3 million $104.3 million $41.9 million
25 Great Basin Bank of Nevada Elko, NV April 17, 2009 $238 million $220 million $42 million
24 American Sterling Bank Sugar Creek, MO April 17, 2009 $181 million $171.9 million $42 million
23 New Frontier Bank Greeley, CO April 10, 2009 $2.0 billion $1.5 billion $670 million
22 Cape Fear Bank Wilmington, NC April 10, 2009 $492 million $403 million $131 million
21 Omni National Bank Atlanta, GA March 27, 2009 $956.0 million $796.8 million $290 million
20 TeamBank, National Association Paola, KS March 20, 2009 $669.8 million $492.8 million $98 million
19 Colorado National Bank Colorado Springs, CO March 20, 2009 $123.5 million $82.7 million $9 million
18 FirstCity Bank Stockbridge, GA March 20, 2009 $297 million $278 million $100 million
17 Freedom Bank of Georgia Commerce, GA March 06, 2009 $173 million $161 million $36.2 million
16 Security Savings Bank Henderson, NV February 27, 2009 $238.3 million $175.2 million $59.1 million
15 Heritage Community Bank Glenwood, IL February 27, 2009 $232.9 million $218.6 million $41.6 million
14 Silver Falls Bank Silverton, OR February 20, 2009 $131.4 million $116.3 million $50 million
13 Pinnacle Bank of Oregon Beaverton, OR February 13, 2009 $73 million $64 million $12.1 million
12 Corn Belt Bank and Trust Company Pittsfield, IL February 13, 2009 $271.8 million $234.4 million $100 million
11 Riverside Bank of the Gulf Coast Cape Coral, FL February 13, 2009 $539 million $424 million $201.5 million
10 Sherman County Bank Loup City, NE February 13, 2009 $129.8 million $85.1 million $28.0 million
9 County Bank Merced, CA February 06, 2009 $1.7 billion $1.3 billion $135 million
8 Alliance Bank Culver City, CA February 06, 2009 $1.14 billion $951 million $206.0 million
7 FirstBank Financial Services McDonough, GA February 06, 2009 $337 million $279 million $111 million
6 Ocala National Bank Ocala, FL January 30, 2009 $223.5 million $205.2 million $99.6 million
5 Suburban Federal Savings Bank Crofton, MD January 30, 2009 $360 million $302 million $126 million
4 MagnetBank Salt Lake City, UT January 30, 2009 $292.9 million $282.8 million $119.4 million
3 1st Centennial Bank Redlands, CA January 23, 2009 $803.3 million $676.9 million $227 million
2 Bank of Clark County Vancouver, WA January 16, 2009 $446.5 million $366.5 million $145 million
1 National Bank of Commerce Berkeley, IL January 16, 2009 $430.9 million $402.1 million $97.1 million

Cumulative Bank Failures in 2008-2013

US Bank Failures Since 1934
FDIC Bank Failures since 1990


Cost of Bank Failures to FDIC


Total Deposits of All Banks Insured by FDIC since 1990


Cost of Bank Failures to FDIC

The Federal Deposit Insurance Corporation is an independent federal agency created in 1933 to promote public confidence and stability in the nation's banking system. The FDIC is often appointed as receiver for failed banks.

What is a bank failure?
 A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This brochure deals with the failure of "insured banks." The term "insured bank" means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.

What is FDIC's role in a bank failure?
 In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank's deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the "Receiver" of the failed bank, assumes the task of selling/collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit.



What is the purpose of FDIC deposit insurance?
 The FDIC protects depositors' funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.

What is the FDIC insurance amount?
 The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank. Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. For more information on deposit insurance coverage, see the FDIC's brochure "Your Insured Deposits" which can be accessed at www.fdic.gov/deposit/deposits/insured

Who does the FDIC insure?
 Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.

What does FDIC deposit insurance cover?
 FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts (MMDA), and time deposits such as certificates of deposit (CDs).

What is the source of funding used by the FDIC to pay insured depositors of a failed bank?
 The FDIC's deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved.

How am I notified when my bank has been closed?
 The FDIC notifies each depositor in writing using the depositor's address on record with the bank. This notification is mailed immediately after the bank closes. When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.


Source :  Federal Deposit Insurance Corporation


Notes :
* The Cost to DIF of $2.5 billion for "California National Bank" failed on 30th October,2009 is the total cost for all the 9 banks failed on that.