2009 Bank Failures

Last update: December 31, 2009.

2009 is less than one month old, there are already a few banks being closed, picking up what was left from last year. A total of 25 banks were shut down in 2008. So far in 2009, three have gone under already (the list will be updated continuously as new failed banks are added to the list):

  1. National Bank of Commerce, Berkeley, IL: Closed on January 16, 2009, assets at close $430.9 million, deposits at close $402.1 million. National Bank of Commerce’s deposits were acquired by Republic Bank of Chicago, Illinois.
  2. Bank of Clark County, Vancouver, WA: Closed on January 16, 2009, assets at close $466.5 million, deposits at close $366.5 million. Insured deposits were acquired by Umpqua Bank, Roseburg, Oregon.
  3. 1st Centennial Bank, Redlands, CA: Closed on January 23, 2009, assets at close $803.3 million, deposits at close $676.9 million. Insured deposits were acquired by First California Bank, Westlake Village, California.
  4. MagnetBank, Salt Lake City, UT: Closed on January 30, 2009, assets at close $292.9 million, deposits at close $282.8 million. Insured deposits will be paid out to customers as FDIC failed to find a buyer.
  5. Suburban Federal Savings Bank, Crofton, MD: Closed on January 30, 2009, assets at close $360 million, deposits at close $302 million. Insured deposits were acquired by Bank of Essex, Tappahannock, Virginia.
  6. Ocala National Bank, Ocala, FL: Closed on January 30, 2009, assets at close $223.5 million, deposits at close $205.2 million. Insured deposits were acquired by CenterState Bank of Florida, Winter Haven, Florida.
  7. FirstBank Financial Services, McDonough, GA: Closed on February 6, 2009, assets at close $337 million, deposits at close $279 million. Insured deposits were acquired by Regions Bank, Birmingham, Alabama.
  8. Alliance Bank, Culver City, CA: Closed on February 6, 2009, assets at close $1.14 billion, deposits at close $951 million. Insured deposits were acquired by California Bank & Trust, San Diego, California.
  9. County Bank, Merced, CA: Closed on February 6, 2009, assets at close $1.7 billion, deposits at close $1.3 billion. Insured deposits were acquired by Westamerica Bank, San Rafael, California.
  10. Sherman County Bank, Loup City, NE: Closed on February 13, 2009, assets at close $129.8 million, deposits at close $85.1 million. Insured deposits were acquired by Heritage Bank, Wood River, Nebraska.
  11. Riverside Bank of the Gulf Coast, Cape Coral, FL: Closed on February 13, 2009, assets at close $539 million, deposits at close $424 million. Insured deposits were acquired by TIB Bank, Naples, Florida.
  12. Corn Belt Bank and Trust Company, Pittsfield, IL: Closed on February 13, 2009, assets at close $271.8 million, deposits at close $234.4 million. Insured deposits were acquired by The Carlinville National Bank, Carlinville, Illinois.
  13. Pinnacle Bank, Beaverton, OR: Closed on February 13, 2009, assets at close $73 million, deposits at close $64 million. Insured deposits were acquired by Washington Trust Bank, Spokane, Washington.
  14. Silver Falls Bank, Silverton, OR: Closed on February 20, 2009, assets at close $131.4 million, deposits at close $116.3 million. Insured deposits were acquired by Citizens Bank, Corvallis, Oregon.
  15. Security Savings Bank, Henderson, NV: Closed on February 27, 2009, assets at close $238.3 million, deposits at close $175.2 million. Insured deposits were acquired by Bank of Nevada, Las Vegas, Nevada.
  16. Heritage Community Bank, Glenwood, IL: Closed on February 27, 2009, assets at close $232.9 million, deposits at close $218.6 million. Insured deposits were acquired by MB Financial Bank, N.A., Chicago, Illinois.
  17. Freedom Bank of Georgia, Commerce, GA: Closed on March 6, 2009, assets at close $173 million, deposits at close $161 million. Insured deposits were acquired by Northeast Georgia Bank, Lavonia, Georgia.
  18. FirstCity Bank, Stockbridge, GA: Closed on March 20, 2009, assets at close $297 million, deposits at close $278 million. Insured deposits will be paid out to customers as FDIC failed to find a buyer.
  19. Colorado National Bank, Colorado Springs, CO: Closed on March 20, 2009, assets at close $132.5 million, deposits at close $82.7 million. Insured deposits were acquired by Herring Bank, Amarillo, Texas.
  20. Teambank, National Association, Paola, KS: Closed on March 20, 2009, assets at close $669.8 million, deposits at close $492.8 million. Insured deposits were acquired by Great Southern Bank, Springfield, Missouri.
  21. Omni National Bank, Atlanta, GA: Closed on March 27, 2009, assets at close $956.0 million, deposits at close $796.8 million. Insured deposits were acquired by SunTrust Bank, Atlanta, Georgia.
  22. Cape Fear Bank, Wilmington, NC: Closed on April 10, 2009, assets at close $492 million, deposits at close $403 million. Insured deposits were acquired by First Federal Savings and Loan Association of Charleston, Charleston, South Carolina.
  23. New Frontier Bank, Greeley, CO: Closed on April 10, 2009, assets at close $2.0 billion, deposits at close $1.5 billion. FDIC created Deposit Insurance National Bank of Greeley to assume all insured deposits of New Frontier Bank.
  24. American Sterling Bank, Sugar Creek, MO: Closed on April 17, 2009, assets at close $181 million, deposits at close $171.9 million. Insured deposits were acquired by Metcalf Bank, Lee’s Summit, Missouri.
  25. Great Basin Bank of Nevada, Elko, NV: Closed on April 17, 2009, assets at close $270.9 million, deposits at close $221.4 million. Insured deposits were acquired by Nevada State Bank, Las Vegas, Nevada.
  26. American Southern Bank, Kennesaw, GA: Closed on April 24, 2009, assets at close $112.3 million, deposits at close $104.3 million. Insured deposits were acquired by Bank of North Georgia, Alpharetta, Georgia.
  27. Michigan Heritage Bank, Farmington Hills, MI: Closed on April 24, 2009, assets at close $184.6 million, deposits at close $151.7 million. Insured deposits were acquired by Level One Bank, Farmington Hills, Michigan.
  28. First Bank of Beverly Hills, Calabasas, CA: Closed on April 24, 2009, assets at close $1.5 billion, deposits at close $1 billion. FDIC will payout all insured deposits.
  29. First Bank of Idaho, FSB, Ketchum, ID: Closed on April 24, 2009, assets at close $488.9 million, deposits at close $374.0 million. Insured deposits were acquired by U.S. Bank, Minneapolis, Minnesota.
  30. Silverton Bank, N.A., Atlanta, GA: Closed on May 1, 2009, assets at close 4.1 billion, deposits at close $3.3 billion. FDIC creates a bridge bank to take over operations of Silverton Bank since it’s “a commercial bank that provided correspondent banking services to its client banks.”
  31. Citizens Community Bank, Ridgewood, NJ: Closed on May 1, 2009, assets at close $45.1 million, deposits at close $43.7 million. Insured deposits were acquired by North Jersey Community Bank, Englewood Cliffs, New Jersey.
  32. America West Bank, Layton, UT: Closed on May 1, 2009, assets at close $299.4 million, deposits at close $284.1 million. Insured deposits were acquired by Cache Valley Bank, Logan, Utah.
  33. Westsound Bank, Bremerton, WA: Closed on May 8, 2009, assets at close $334.6 million, deposits at close $304.5 million. Insured deposits were acquired by Kitsap Bank, Port Orchard, Washington.
  34. BankUnited, FSB, Coral Gables, FL: Closed on May 21, 2009, assets at close $12.80 billion, deposits at close $8.6 billion. Insured deposits were acquired by newly created BankUnited, Coral Gables, Florida.
  35. Strategic Capital Bank, Champaign , IL: Closed on May 22, 2009, assets at close $537 million, deposits at close $471 million. Insured deposits were acquired by Midland States Bank, Effingham, Illinois.
  36. Citizens National Bank, Macomb, IL: Closed on May 22, 2009, assets at close $437 million, deposits at close $400 million. Insured deposits were acquired by Morton Community Bank, Morton, Illinois.
  37. Bank of Lincolnwood, Lincolnwood, IL: Closed on June 5, 2009, assets at close $214 million, deposits at close $202 million. Insured deposits were acquired by Republic Bank of Chicago, Oak Brook, Illinois.
  38. Cooperative Bank, Wilmington, NC: Closed on June 19, 2009, assets at close $970 million, deposits at close $774 million. Insured deposits were acquired by First Bank, Troy, North Carolina.
  39. Southern Community Bank, Fayetteville, GA: Closed on June 19, 2009, assets at close $377 million, deposits at close $307 million. Insured deposits were acquired by United Community Bank, Blairsville, Georgia.
  40. First National Bank of Anthony, Anthony, KS: Closed on June 19, 2009, assets at close $156.9 million, deposits at close $142.5 million. Insured deposits were acquired by Bank of Kansas, South Hutchinson, Kansas.
  41. Community Bank of West Georgia, Villa Rica, GA: Closed on June 26, 2009, assets at close $99.49 million, deposits at close $182.5 million. FDIC will payout all insured deposits.
  42. Neighborhood Community Bank, Newnan, GA: Closed on June 26, 2009, assets at close $221.6 million, deposits at close $191.3 million. Insured deposits were acquired by CharterBank, West Point, Georgia.
  43. Horizon Bank, Pine City, MN: Closed on June 26, 2009, assets at close $87.6 million, deposits at close $69.4 million. Insured deposits were acquired by Stearns Bank, National Association, St. Cloud, Minnesota.
  44. MetroPacific Bank, Irvine, CA: Closed on June 26, 2009, assets at close $80 million, deposits at close $73 million. Insured deposits were acquired by Sunwest Bank, Tustin, California.
  45. Mirae Bank, Los Angeles, CA: Closed on June 26, 2009, assets at close $456 million, deposits at close $362 million. Insured deposits were acquired by Wilshire State Bank, Los Angeles, California.
  46. The First State Bank of Winchester, Winchester, IL: Closed on July 2, 2009, assets at close $36 million, deposits at close $34 million. Insured deposits were acquired by The First National Bank of Beardstown, Beardstown, Illinois.
  47. Rock River Bank, Oregon, IL: Closed on July 2, 2009, assets at close $77 million, deposits at close $75.8 million. Insured deposits were acquired by The Harvard State Bank, Harvard, Illinois.
  48. John Warner Bank, Clinton, IL: Closed on July 2, 2009, assets at close $70 million, deposits at close $64 million. Insured deposits were acquired by State Bank of Lincoln, Lincoln, Illinois.
  49. Elizabeth State Bank, Elizabeth, IL: Closed on July 2, 2009, assets at close $55.5 million, deposits at close $50.4 million. Insured deposits were acquired by Galena State Bank and Trust, Galena, Illinois.
  50. The First National Bank of Danville, Danville, IL: Closed on July 2, 2009, assets at close $166 million, deposits at close $147 million. Insured deposits were acquired by First Financial Bank, National Association, Terre Haute, Indiana.
  51. Millennium State Bank of Texas, Dallas, TX: Closed on July 2, 2009, assets at close $118 million, deposits at close $115 million. Insured deposits were acquired by State Bank of Texas, Irving, Texas.
  52. Founders Bank, Worth, IL: Closed on July 2, 2009, assets at close $962.5 million, deposits at close $848.9 million. Insured deposits were acquired by The Privatebank and Trust Company, Chicago, Illinois.
  53. Bank of Wyoming, Thermopolis, WY: Closed on July 10, 2009, assets at close $70 million, deposits at close $67 million. $55 million insured deposits were acquired by Central Bank & Trust, Lander, Wyoming. FDIC retains the rest.
  54. First Piedmont Bank, Winder, GA: Closed on July 17, 2009, assets at close $115 million, deposits at close $109 million. $111 million insured deposits were acquired by First American Bank and Trust Company, Athens, Georgia. FDIC retains the rest.
  55. BankFirst, Sioux Falls, SD: Closed on July 17, 2009, assets at close $274 million, deposits at close $254 million. Insured deposits were acquired by Alerus Financial, National Association, Grand Forks, North Dakota.
  56. Vineyard Bank, N.A., Rancho Cucamonga, CA: Closed on July 17, 2009, assets at close $1.9 billion, deposits at close $1.6 billion. Insured deposits were acquired by California Bank & Trust, San Diego, California.
  57. Temecula Valley Bank, Temecula, CA: Closed on July 17, 2009, assets at close $1.5 billion, deposits at close $1.3 billion. Insured deposits were acquired by First-Citizens Bank and Trust Company, Raleigh, North Carolina.
  58. Waterford Village Bank, Clarence, NY: Closed on July 24, 2009, assets at close $61.4 million, deposits at close $58 million. Insured deposits were acquired by Evans Bank, National Association, Angola, New York.
  59. Six Bank Subsidiaries of Security Bank Corporation (Security Bank of Bibb County, Macon, GA; Security Bank of Houston County, Perry, GA; Security Bank of Jones County, Gray, GA; Security Bank of Gwinnett County, Suwanee, GA; Security Bank of North Metro, Woodstock, GA; and Security Bank of North Fulton, Alpharetta, GA), Macon, GA: Closed on July 24, 2009, assets at six subsidiaries at close $2.8 billion, deposits at close $2.4 billion. Insured deposits were acquired by State Bank and Trust Company, Pinehurst, Georgia.
  60. Integrity Bank, Jupiter, FL: Closed on July 31, 2009, assets at close $119 million, deposits at close $112 million. Insured deposits were acquired by Stonegate Bank, Fort Lauderdale, Florida.
  61. First State Bank of Altus, Altus, OK: Closed on July 31, 2009, assets at close $103.2 million, deposits at close $98.2 million. Insured deposits were acquired by Herring Bank, Amarillo, Texas.
  62. Peoples Community Bank, West Chester, OH: Closed on July 31, 2009, assets at close $708.8 million, deposits at close $598.2 million. Insured deposits were acquired by First Financial Bank, National Association, Hamilton, Ohio.
  63. First Bankamericano, Elizabeth, NJ: Closed on July 31, 2009, assets at close $166 million, deposits at close $157 million. Insured deposits were acquired by Crown Bank, Brick, New Jersey.
  64. Mutual Bank, Harvey, IL: Closed on July 31, 2009, assets at close $1.6 billion, deposits at close $1.6 billion. Insured deposits were acquired by United Central Bank, Garland, Texas.
  65. First State Bank, Sarasota, FL: Closed on August 7, 2009, assets at close $463 million, deposits at close $387 million. Insured deposits were acquired by Stearns Bank, National Association, St. Cloud, Minnesota.
  66. Community National Bank of Sarasota County, Sarasota, FL: Closed on August 7, 2009, assets at close $97 million, deposits at close $93 million. Insured deposits were acquired by Stearns Bank, National Association, St. Cloud, Minnesota.
  67. Community First Bank, Prineville, OR: Closed on August 7, 2009, assets at close $209 million, deposits at close $182 million. Insured deposits were acquired by Home Federal Bank, Nampa, Idaho.
  68. Dwelling House Savings and Loan Association, Pittsburgh, PA: Closed on August 14, 2009, assets at close $13.4 million, deposits at close $13.8 million. Insured deposits were acquired by PNC Bank, National Association, Pittsburgh, Pennsylvania.
  69. Colonial Bank, Montgomery, AL: Closed on August 14, 2009, assets at close $25 billion, deposits at close $20 billion. Insured deposits were acquired by BB&T, Winston-Salem, North Carolina.
  70. Community Bank of Arizona, Phoenix, AZ: Closed on August 14, 2009, assets at close $158.5 million, deposits at close $143.8 million. Insured deposits were acquired by MidFirst Bank, Oklahoma City, Oklahoma.
  71. Union Bank, National Association, Gilbert, AZ: Closed on August 14, 2009, assets at close $124 million, deposits at close $112 million. Insured deposits were acquired by MidFirst Bank, Oklahoma City, Oklahoma.
  72. Community Bank of Nevada, Las Vegas, NV: Closed on August 14, 2009, assets at close $1.53 billion, deposits at close $1.38 billion. The FDIC has created the Deposit Insurance National Bank of Las Vegas, Las Vegas, Nevada, to take over insured deposits.
  73. ebank, Atlanta, GA: Closed on August 21, 2009, assets at close $143 million, deposits at close $130 million. Insured deposits were acquired by Stearns Bank, National Association, St. Cloud, Minnesota.
  74. CapitalSouth Bank, Birmingham, AL: Closed on August 21, 2009, assets at close $617 million, deposits at close $547 million. Insured deposits were acquired by IBERIABANK, Lafayette, Louisiana.
  75. First Coweta Bank, Newnan, GA: Closed on August 21, 2009, assets at close $167 million, deposits at close $155 million. Insured deposits were acquired by United Bank, Zebulon, Georgia.
  76. Guaranty Bank, Austin, TX: Closed on August 21, 2009, assets at close $13 billion, deposits at close $12 billion. Insured deposits were acquired by BBVA Compass, Birmingham, Alabama.
  77. Mainstreet Bank, Forest Lake, MN: Closed on August 28, 2009, assets at close $459 million, deposits at close $434 million. Insured deposits were acquired by Central Bank, Stillwater, Minnesota.
  78. Affinity Bank, Ventura, CA: Closed on August 28, 2009, assets at close $1 billion, deposits at close $922 million. Insured deposits were acquired by Pacific Western Bank, San Diego, California.
  79. First Bank of Kansas City, Kansas City, MO: Closed on September 4, 2009, assets at close $16 million, deposits at close $15 million. Insured deposits were acquired by Great American Bank, De Soto, Kansas.
  80. InBank, Oak Forest, IL: Closed on September 4, 2009, assets at close $212 million, deposits at close $199 million. Insured deposits were acquired by MB Financial Bank, NA, Chicago, Illinois.
  81. Vantus Bank, Sioux City, IA: Closed on September 4, 2009, assets at close $458 million, deposits at close $368 million. Insured deposits were acquired by Great Southern Bank, Springfield, Missouri.
  82. Platinum Community Bank, Rolling Meadows, IL: Closed on September 4, 2009, assets at close $345.6 million, deposits at close $305 million. Insured deposits were paid out to customers.
  83. First State Bank, Flagstaff, AZ: Closed on September 4, 2009, assets at close $105 million, deposits at close $95 million. Insured deposits were acquired by Sunwest Bank, Tustin, California.
  84. Corus Bank, NA, Chicago, IL: Closed on September 11, 2009, assets at close $7 billion, deposits at close $7 billion. Insured deposits were acquired by MB Financial Bank, NA, Chicago, Illinois.
  85. Brickwell Community Bank, Woodbury, MN: Closed on September 11, 2009, assets at close $72 million, deposits at close $63 million. Insured deposits were acquired by CorTrust Bank, NA, Mitchell, South Dakota.
  86. Venture Bank, Lacy, WA: Closed on September 11, 2009, assets at close $970 million, deposits at close $903 million. Insured deposits were acquired by First-Citizens Bank & Trust Company, Raleigh, North Carolina.
  87. Irwin Union Bank, F.S.B., Louisville, KY: Closed on September 18, 2009, assets at close $493 million, deposits at close $441 million. Insured deposits were acquired by First Financial Bank, NA, Hamilton, Ohio.
  88. Irwin Union Bank and Trust Company, Columbus, IN: Closed on September 18, 2009, assets at close $2.7 billion, deposits at close $2.1 billion. Insured deposits were acquired by First Financial Bank, NA, Hamilton, Ohio.
  89. Georgian Bank, Atlanta, GA: Closed on September 25, 2009, assets at close $2 billion, deposits at close $2 billion. Insured deposits were acquired by First Citizens Bank and Trust Company, Inc., Columbia, South Carolina.
  90. Warren Bank, Warren, MI: Closed on October 2, 2009, assets at close $538 million, deposits at close $501 million. Insured deposits were acquired by The Huntington National Bank, Columbus, Ohio.
  91. Jennings State Bank, Spring Grove, MN: Closed on October 2, 2009, assets at close $56.3 million, deposits at close $52.4 million. Insured deposits were acquired by Central Bank, Stillwater, Minnesota.
  92. Southern Colorado National Bank, Pueblo, CO: Closed on October 2, 2009, assets at close $39.5 million, deposits at close $31.9 million. Insured deposits were acquired by Legacy Bank, Wiley, Colorado.
  93. San Joaquin Bank, Bakersfield, CA: Closed on October 16, 2009, assets at close $775 million, deposits at close $631 million. Insured deposits were acquired by Citizens Business Bank, Ontario, California.
  94. Partners Bank, Naples, FL: Closed on October 23, 2009, assets at close $65.5 million, deposits at close $64.9 million. Insured deposits were acquired by Stonegate Bank, Fort Lauderdale, Florida.
  95. American United Bank, Lawrenceville, GA: Closed on October 23, 2009, assets at close $111 million, deposits at close $101 million. Insured deposits were acquired by Ameris Bank, Moultrie, Georgia.
  96. Flagship National Bank, Bradenton, FL: Closed on October 23, 2009, assets at close $190 million, deposits at close $175 million. Insured deposits were acquired by First Federal Bank of Florida, Lake City, Florida.
  97. Bank of Elmwood, Racine, WI: Closed on October 23, 2009, assets at close $327.4 million, deposits at close $273.2 million. Insured deposits were acquired by Tri City National Bank, Oak Creek, Wisconsin.
  98. Riverview Community Bank, Otsego, MN: Closed on October 23, 2009, assets at close $108 million, deposits at close $80 million. Insured deposits were acquired by Central Bank, Stillwater, Minnesota.
  99. First Dupage Bank, Westmont, IL: Closed on October 23, 2009, assets at close $297 million, deposits at close $254 million. Insured deposits were acquired by First Midwest Bank, Itasca, Illinois.
  100. Bank USA, NA, Phoenix, AZ: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  101. California National Bank, Los Angeles, CA: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  102. San Diego National Bank, San Diego, CA: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  103. Pacific National Bank, San Francisco, CA: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  104. Park National Bank, Chicago, IL: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  105. Community Bank of Lemont, Lemont, IL: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  106. North Houston Bank, Houston, TX: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  107. Madisonville State Bank, Madisonville, TX: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  108. Citizens National Bank, Teague, TX: Closed on October 30, 2009. Insured deposits were acquired by U.S. Bank, NA, Minneapolis, Minnesota.
  109. United Security Bank, Sparta, GA: Closed on November 6, 2009, assets at close $157 million, deposits at close $150 million. Insured deposits were acquired by Ameris Bank, Moultrie, Georgia.
  110. Home Federal Savings Bank, Detroit, MI: Closed on November 6, 2009, assets at close $14.9 million, deposits at close $12.8 million. Insured deposits were acquired by Liberty Bank and Trust Company, New Orleans, Louisiana.
  111. Prosperan Bank, Oakdale, MN: Closed on November 6, 2009, assets at close $199.5 million, deposits at close $175.6 million. Insured deposits were acquired by Alerus Financial, NA, Grand Forks, North Dakota.
  112. Gateway Bank of St. Louis, St. Louis, MO: Closed on November 6, 2009, assets at close $27.7 million, deposits at close $27.9 million. Insured deposits were acquired by Central Bank of Kansas City, Kansas City, Missouri.
  113. United Commercial Bank, San Francisco, CA: Closed on November 6, 2009, assets at close $11.2 million, deposits at close $7.5 million. Insured deposits were acquired by East West Bank, Pasadena, California.
  114. Century Bank, FSB, Sarasota, FL: Closed on November 13, 2009, assets at close $728 million, deposits at close $631 million. Insured deposits were acquired by IBERIABANK, Lafayette, Louisiana.
  115. Orion Bank, Naples, FL: Closed on November 13, 2009, assets at close $2.7 billion, deposits at close $2.1 billion. Insured deposits were acquired by IBERIABANK, Lafayette, Louisiana.
  116. Pacific Coast National Bank, San Clemente, CA: Closed on November 13, 2009, assets at close $134.4 million, deposits at close $130.9 million. Insured deposits were acquired by Sunwest Bank, Tustin, California.
  117. Commerce Bank of Southwest Florida, Fort Myers, FL: Closed on November 20, 2009, assets at close $79.7 million, deposits at close $76.7 million. Insured deposits were acquired by Central Bank, Stillwater, Minnesota.
  118. First Security National Bank, Norcross, GA: Closed on December 4, 2009, assets at close $123 million, deposits at close $120 million. Insured deposits were acquired by State Bank and Trust Company, Macon, Georgia.
  119. Buckhead Community Bank, Atlanta, GA: Closed on December 4, 2009, assets at close $874 million, deposits at close $838 million. Insured deposits were acquired by State Bank and Trust Company, Macon, Georgia.
  120. Tattnall Bank, Reidsville, GA: Closed on December 4, 2009, assets at close $49.6 million, deposits at close $47.3 million. Insured deposits were acquired by Heritage Bank of the South, Albany, Georgia.
  121. AmTrust Bank, Cleveland, OH: Closed on December 4, 2009, assets at close $12 billion, deposits at close $8 billion. Insured deposits were acquired by New York Community Bank, Westbury, New York.
  122. Benchmark Bank, Aurora, IL: Closed on December 4, 2009, assets at close $170 million, deposits at close $181 million. Insured deposits were acquired by MB Financial Bank, NA, Chicago, Illinois.
  123. Greater Atlantic Bank, Reston, VA: Closed on December 4, 2009, assets at close $203 million, deposits at close $179 million. Insured deposits were acquired by Sonabank, McLean, Virginia.
  124. Republic Federal Bank, NA, Miami, FL: Closed on December 11, 2009, assets at close $433 million, deposits at close $352.7 million. Insured deposits were acquired by 1st United Bank, Boca Raton, Florida.
  125. SolutionsBank, Overland Park, KS: Closed on December 11, 2009, assets at close $511.1 million, deposits at close $421.3 million. Insured deposits were acquired by Arvest Bank, Fayetteville, Arkansas.
  126. Valley Capital Bank, NA, Mesa, AZ: Closed on December 11, 2009, assets at close $40.3 million, deposits at close $41.3 million. Insured deposits were acquired by Enterprise Bank & Trust, Clayton, Missouri.
  127. RockBridge Commercial Bank, Atlanta, GA : Closed on December 18, 2009, assets at close $40.3 million, deposits at close $41.3 million. Insured deposits were mailed to depositors after FDIC failed to find a buyer.
  128. Peoples First Community Bank, Panama City, FL : Closed on December 18, 2009, assets at close $1.8 billion, deposits at close $1.7 billion. Insured deposits were acquired by Hancock Bank, Gulfport, Mississippi.
  129. New South Federal Savings Bank, Irondale, AL : Closed on December 18, 2009, assets at close $1.5 billion, deposits at close $1.2 billion. Insured deposits were acquired by Beal Bank, Plano, Texas.
  130. Resolution of Citizens State Bank, New Baltimore, MI : Closed on December 18, 2009, assets at close $168.6 million, deposits at close $157.1 million. The FDIC created the Deposit Insurance National Bank of New Baltimore (DINB) to allow depositors to access their deposits while looking for a buyer.
  131. Independent Bankers’ Bank, Springfield, IL: Closed on December 18, 2009, assets at close $585.5 million, deposits at close $511.5 million. The FDIC created the Independent Bankers’ Bank Bridge Bank, National Association to take over the operation.
  132. Imperial Capital Bank, La Jolla, CA : Closed on December 18, 2009, assets at close $4.0 billion, deposits at close $2.8 billion. Insured deposits were acquired by City National Bank, Los Angeles, California.
  133. First Federal Bank of California, Santa Monica, CA : Closed on December 18, 2009, assets at close $6.1 billion, deposits at close $4.5 billion. Insured deposits were acquired by OneWest Bank, FSB, Pasadena, California.

During the same period last year, only one bank was closed. If the trend continues, the total number of bank failures this year will sure exceed that of 2008.

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31 Responses to “2009 Bank Failures”

  1. Pravin |  Apr 12, 2009 at 6:26 pm

    2 banks failed on Good Friday, “Cape Fear Bank, Wilmington, NC ” and “New Frontier Bank, Greeley, CO”.

    This makes 23 bank fails this year and 48 from start of year 2008.

    Cape Fear Bank was the first bank from North Carolina to fail while New Frontier Bank becomes the second bank to fail from Colorado this year.

    Nobody know how many more banks are going to fail. Prediction is in hundreds of bank.

    I found list of failed banks and the map of where the banks are failing on portalseven.com

    Pravin