Failed Banks Tracker : List of Banks Failed in 2011

Number of Banks Failed in 2011

92

Quick Links
Yearly Failed Banks List
2008	2009	2010	2011

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
Map 2008	Map 2009	Map 2010	Map 2011	Map Since 2008

Asset-wise List
Acquiring Banks	Big Banks	Medium Banks	Small Banks

State-wise Failed Banks List and Map

#	Bank	Location	Date Closed	Assets	Deposits	FDIC Cost
92	Western National Bank	Phoenix,AZ	December 16, 2011	$162.9 million	$144.5 million	$37.6 million
91	Premier Community Bank of the Emerald Coast	Crestview,FL	December 16, 2011	$126.0 million	$112.1 million	$31.2 million
90	Central Progressive Bank	Lacombe,LA	November 18, 2011	$383.1 million	$347.7 million	$58.1 million
89	Polk County Bank	Johnston,IA	November 18, 2011	$91.6 million	$82.0 million	$12.0 million
88	Community Bank of Rockmart	Rockmart,GA	November 10, 2011	$62.4 million	$55.9 million	$14.5 million
87	SunFirst Bank	Saint George,UT	November 04, 2011	$198.1 million	$169.1 million	$49.7 million
86	Mid City Bank, Inc.	Omaha,NE	November 04, 2011	$106.1 million	$105.5 million	$12.7 million
85	All American Bank	Des Plaines,IL	October 28, 2011	$37.8 million	$33.4 million	$6.5 million
84	Community Banks of Colorado	Greenwood,CO	October 21, 2011	$1.38 billion	$1.33 billion	$224.9 million
83	Community Capital Bank	Jonesboro,GA	October 21, 2011	$181.2 million	$166.2 million	$62.0 million
82	Decatur First Bank	Decatur,GA	October 21, 2011	$191.5 million	$179.2 million	$32.6 million
81	Old Harbor Bank	Clearwater,FL	October 21, 2011	$215.9 million	$217.8 million	$39.3 million
80	Country Bank	Aledo,IL	October 14, 2011	$190.6 million	$167.5 million	$66.3 million
79	First State Bank	Cranford,NJ	October 14, 2011	$204.4 million	$201.2 million	$45.8 million
78	Blue Ridge Savings Bank, Inc.	Asheville,NC	October 14, 2011	$161.0 million	$158.7 million	$38.0 million
77	Piedmont Community Bank	Gray,GA	October 14, 2011	$201.7 million	$181.4 million	$71.6 million
76	Sun Security Bank	Ellington,MO	October 07, 2011	$355.9 million	$290.4 million	$118.3 million
75	The RiverBank	Wyoming,MN	October 07, 2011	$417.4 million	$379.3 million	$71.4 million
74	First International Bank	Plano,TX	September 30, 2011	$239.9 million	$208.8 million	$53.8 million
73	Citizens Bank of Northern California	Nevada City,CA	September 23, 2011	$288.8 million	$253.1 million	$37.2 million
72	Bank of the Commonwealth	Norfolk,VA	September 23, 2011	$985.1 million	$901.8 million	$268.3 million
71	First National Bank of Florida	Milton,FL	September 09, 2011	$296.8 million	$280.1 million	$46.9 million
70	CreekSide Bank	Woodstock,GA	September 02, 2011	$102.3 million	$96.6 million	$27.3 million
69	Patriot Bank of Georgia	Cumming,GA	September 02, 2011	$150.8 million	$111.2 million	$44.4 million
68	First Choice Bank	Geneva,IL	August 19, 2011	$141.0 million	$137.2 million	$31.0 million
67	First Southern National Bank	Statesboro,GA	August 19, 2011	$164.6 million	$159.7 million	$39.6 million
66	Lydian Private Bank	Palm Beach,FL	August 19, 2011	$1.70 billion	$1.24 billion	$293.2 million
65	Public Savings Bank	Huntingdon Valley,PA	August 18, 2011	$46.8 million	$45.8 million	$11.0 million
64	The First National Bank of Olathe	Olathe,KS	August 12, 2011	$538.1 million	$524.3 million	$116.6 million
63	Bank of Whitman	Colfax,WA	August 05, 2011	$548.6 million	$515.7 million	$134.8 million
62	Bank of Shorewood	Shorewood,IL	August 05, 2011	$110.7 million	$104.0 million	$25.6 million
61	Integra Bank National Association	Evansville,IN	July 29, 2011	$2.2 billion	$1.9 billion	$170.7 million
60	BankMeridian, N.A.	Columbia,SC	July 29, 2011	$239.8 million	$215.5 million	$65.4 million
59	Virginia Business Bank	Richmond,VA	July 29, 2011	$95.8 million	$85.0 million	$17.3 million
58	Bank of Choice	Greeley,CO	July 22, 2011	$1.07 billion	$924.9 million	$213.6 million
57	LandMark Bank of Florida	Sarasota,FL	July 22, 2011	$275.0 million	$246.7 million	$34.4 million
56	Southshore Community Bank	Apollo Beach,FL	July 22, 2011	$46.3 million	$45.3 million	$8.3 million
55	Summit Bank	Prescott,AZ	July 15, 2011	$72.0 million	$66.4 million	$11.3 million
54	First Peoples Bank	Port St. Lucie,FL	July 15, 2011	$228.3 million	$209.7 million	$7.4 million
53	High Trust Bank	Stockbridge,GA	July 15, 2011	$192.5 million	$189.5 million	$66.0 million
52	One Georgia Bank	Atlanta,GA	July 15, 2011	$186.3 million	$162.1 million	$44.4 million
51	Signature Bank	Windsor,CO	July 08, 2011	$66.7 million	$64.5 million	$22.3 million
50	Colorado Capital Bank	Castle Rock ,CO	July 08, 2011	$717.5 million	$672.8 million	$283.8 million
49	First Chicago Bank & Trust	Chicago,IL	July 08, 2011	$959.3 million	$887.5 million	$284.3 million
48	Mountain Heritage Bank	Clayton,GA	June 24, 2011	$103.7 million	$89.6 million	$41.1 million
47	First Commercial Bank of Tampa Bay	Tampa,FL	June 17, 2011	$98.6 million	$92.6 million	$28.5 million
46	McIntosh State Bank	Jackson,GA	June 17, 2011	$339.9 million	$324.4 million	$80.0 million
45	Atlantic Bank and Trust	Charleston,SC	June 03, 2011	$208.2 million	$191.6 million	$36.4 million
44	First Heritage Bank	Snohomish,WA	May 27, 2011	$173.5 million	$163.3 million	$34.9 million
43	Summit Bank	Burlington,WA	May 20, 2011	$142.7 million	$131.6 million	$15.7 million
42	First Georgia Banking Company	Franklin,GA	May 20, 2011	$731.0 million	$702.2 million	$156.5 million
41	Atlantic Southern Bank	Macon,GA	May 20, 2011	$741.9 million	$707.6 million	$273.5 million
40	Coastal Bank	Cocoa Beach,FL	May 06, 2011	$129.4 million	$123.9 million	$13.4 million
39	Community Central Bank	Mount Clemens,MI	April 29, 2011	$476.3 million	$385.4 million	$183.2 million
38	The Park Avenue Bank	Valdosta,GA	April 29, 2011	$953.3 million	$827.7 million	$306.1 million
37	First Choice Community Bank	Dallas,GA	April 29, 2011	$308.5 million	$310.0 million	$92.4 million
36	Cortez Community Bank	Brooksville,FL	April 29, 2011	$61.4 million	$70.9 million	$18.6 million
35	First National Bank of Central Florida	Winter Park,FL	April 29, 2011	$312.1 million	$352.0 million	$42.9 million
34	Heritage Banking Group	Carthage,MS	April 15, 2011	$224.0 million	$196.2 million	$49.1 million
33	Rosemount National Bank	Rosemount,MN	April 15, 2011	$37.6 million	$36.6 million	$3.6 million
32	Superior Bank	Birmingham,AL	April 15, 2011	$3.0 billion	$2.7 billion	$259.6 million
31	Nexity Bank	Birmingham,AL	April 15, 2011	$793.7 million	$637.8 million	$175.4 million
30	New Horizons Bank	East Ellijay,GA	April 15, 2011	$110.7 million	$106.1 million	$30.9 million
29	Bartow County Bank	Cartersville,GA	April 15, 2011	$330.2 million	$304.1 million	$69.5 million
28	Nevada Commerce Bank	Las Vegas,NV	April 08, 2011	$144.9 million	$136.4 million	$31.9 million
27	Western Springs National Bank and Trust	Western Springs,IL	April 08, 2011	$186.8 million	$181.9 million	$31.0 million
26	The Bank of Commerce	Wood Dale,IL	March 25, 2011	$163.1 million	$161.4 million	$41.9 million
25	Legacy Bank	Milwaukee,WI	March 11, 2011	$190.4 million	$183.3 million	$43.5 million
24	First National Bank of Davis	Davis,OK	March 11, 2011	$90.2 million	$68.3 million	$26.5 million
23	Valley Community Bank	St. Charles,IL	February 25, 2011	$123.8 million	$124.2 million	$22.8 million
22	San Luis Trust Bank, FSB	San Luis Obispo,CA	February 18, 2011	$332.6 million	$272.2 million	$96.1 million
21	Charter Oak Bank	Napa,CA	February 18, 2011	$120.8 million	$105.3 million	$21.8 million
20	Citizens Bank of Effingham	Springfield,GA	February 18, 2011	$214.3 million	$206.5 million	$59.4 million
19	Habersham Bank	Clarkesville,GA	February 18, 2011	$387.6 million	$339.9 million	$90.3 million
18	Canyon National Bank	Palm Springs,CA	February 11, 2011	$210.9 million	$205.3 million	$10.0 million
17	Badger State Bank	Cassville,WI	February 11, 2011	$83.8 million	$78.5 million	$17.5 million
16	Peoples State Bank	Hamtramck,MI	February 11, 2011	$390.5 million	$389.9 million	$87.4 million
15	Sunshine State Community Bank	Port Orange,FL	February 11, 2011	$125.5 million	$116.7 million	$30.0 million
14	Community First Bank - Chicago	Chicago,IL	February 04, 2011	$51.1 million	$49.5 million	$11.7 million
13	North Georgia Bank	Watkinsville,GA	February 04, 2011	$153.2 million	$139.7 million	$35.2 million
12	American Trust Bank	Roswell, GA	February 04, 2011	$238.2 million	$222.2 million	$71.5 million
11	First Community Bank	Taos,NM	January 28, 2011	$2.31 billion	$1.94 billion	$260.0 million
10	FirstTier Bank	Louisville,CO	January 28, 2011	$722.8 million	$781.5 million	$242.6 million
9	Evergreen State Bank	Stoughton,WI	January 28, 2011	$246.5 million	$195.2 million	$22.8 million
8	The First State Bank	Camargo,OK	January 28, 2011	$43.5 million	$40.3 million	$20.1 million
7	United Western Bank	Denver,CO	January 21, 2011	$2.05 billion	$1.65 billion	$312.8 million
6	The Bank of Asheville	Asheville,NC	January 21, 2011	$195.1 million	$188.3 million	$56.2 million
5	CommunitySouth Bank & Trust	Easley,SC	January 21, 2011	$440.6 million	$402.4 million	$46.3 million
4	Enterprise Banking Company	McDonough,GA	January 21, 2011	$100.9 million	$95.5 million	$39.6 million
3	Oglethorpe Bank	Brunswick,GA	January 14, 2011	$230.6 million	$212.7 million	$80.4 million
2	Legacy Bank	Scottsdale,AZ	January 07, 2011	$150.6 million	$125.9 million	$27.9 million
1	First Commercial Bank of Florida	Orlando,FL	January 07, 2011	$598.5 million	$529.6 million	$78.0 million

Cumulative Failed Banks Count (2008/09/10/11)

Total Deposits of All Banks Insured by FDIC since 1990

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.