Failed Banks 2007 to Present

When an FDIC insured bank fails, the FDIC will generally be appointed as the receiver. Generally, the FDIC will immediately solicit bids from other institutions interested in acquiring the bank. An acquisition can usually be arranged so that the failed bank will reopen as a branch of the acquiring bank before most customers realize what happened.

The pace of bank failures has been increasing dramatically over the past two years. A total of 140 institutions failed during 2009, the largest number of bank failures since 1992 when 181 banks were closed.  During all of 2008  there were 25 bank failures.  There were only 3 bank failures during all of 2007.  No banks failed during 2005 and 2006.

The number of failed institutions in 2010 now totals 26 banks including the latest four banking failures on March 5, 2010.  The cost to the FDIC Deposit Insurance Fund (DIF) for the 26 banking failures to date in 2010 now totals $4.7 billion.

Ultimately, depositors are insured by the FDIC. The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013.  On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and other certain retirement accounts, which will remain at $250,000 per depositor.  The old standard coverage limit of $100,000 per depositor had been temporarily increased due to turmoil in the financial markets.

Below you will find a list of failed banks from 2007 to present.

Centennial Bank, Ogden, UT 5-March-10
Waterfield Bank, Germantown, MD 5-March-10
Bank of Illinois, Normal, IL 5-March-10
Sun America Bank, Boca Raton, FL 5-March-10
Rainier Pacific Bank, Tacoma, WA 26-February-10
Carson River Community Bank, Carson City, NV 26-February-10
La Jolla Bank, FSB, La Jolla, CA 19-February-10
George Washington Savings Bank, Orland Park, IL 19-February-10
The La Coste National Bank, La Coste, TX 19-February-10
Marco Community Bank, Marco Island, FL 19-February-10
1st American State Bank of Minnesota, Hancock, MN 5-February-10
American Marine Bank, Bainbridge Island, WA 29-January-10
First Regional Bank, Los Angeles, CA 29-January-10
Community Bank and Trust, Cornelia, GA 29-January-10
Marshall Bank, N.A., Hallock, MN 29-January-10
Florida Community Bank, Immokalee, FL 29-January-10
First National Bank of Georgia, Carrollton, GA 29-January-10
Columbia River Bank, The Dalles, OR 20-January-10
Evergreen Bank, Seattle, WA 20-January-10
Charter Bank, Santa Fe, NM 20-January-10
Bank of Leeton, Leeton, MO 20-January-10
Premier American Bank, Miami, FL 20-January-10
Barnes Banking Company, Kaysville, UT 15-January-10
St. Stephen State Bank, St. Stephen, MN 15-January-10
Town Community Bank and Trust, Antioch, IL 15-January-10
Horizon Bank, Bellingham, WA 8-January-10
First Federal Bank of California, Santa Monica, CA 18-December-09
Imperial Capital Bank, La Jolla, CA 18-December-09
Independent Bankers’ Bank, Springfield, IL 18-December-09
New South Federal Savings Bank, Irondale, AL 18-December-09
Citizens State Bank, New Baltimore, MI 18-December-09
Peoples First Community Bank, Panama City, FL 18-December-09
Rockbridge Commercial Bank, Atlanta, GA 18-December-09
SolutionsBank, Overland Park, KS 11-December-09
Valley Capital Bank, N.A., Mesa, AZ 11-December-09
Republic Federal Bank, N.A., Miami, FL 11-December-09
Greater Atlantic Bank, Reston, VA 4-December-09
Benchmark Bank, Aurora, IL 4-December-09
AmTrust Bank, Cleveland, OH 4-December-09
The Tattnall Bank, Reidsville, GA 4-December-09
First Security National Bank, Norcross, GA 4-December-09
The Buckhead Community Bank, Atlanta, GA 4-December-09
Commerce Bank of Southwest Florida, Fort Meyers, FL 20-November-09
Pacific Coast National Bank, San Clemente, CA 13-November-09
Orion Bank, Naples, FL 13-November-09
Century Bank FSB, Sarasota, FL 13-November-09
United Commercial Bank, San Francisco, CA 6-November-09
Gateway Bank of St. Louis, St. Louis, MO 6-November-09
Prosperan Bank, Oakdale, MN 6-November-09
Home Federal Savings Bank, Detroit, MI 6-November-09
United Security Bank, Sparta, GA 6-November-09
North Houston Bank, Houston, TX 30-October-09
Madisonville State Bank, Madisonville, TX 30-October-09
Citizens National Bank, Teague, TX 30-October-09
Park National Bank, Chicago, IL 30-October-09
Pacific National Bank, San Francisco, CA 30-October-09
California National Bank, Los Angeles, CA 30-October-09
San Diego National Bank, San Diego, CA 30-October-09
Community Bank of Lemont, Lemont, IL 30-October-09
Bank USA, N.A., Phoenix, AX 30-October-09
First Dupage Bank, Westmont, IL 23-October-09
Riverview Community Bank, Otsego, MN 23-October-09
Bank of Elmwood, Racine, WI 23-October-09
Flagship National Bank, Bradenton, FL 23-October-09
Hillcrest Bank Florida, Naples, FL 23-October-09
American United Bank, Lawrenceville, GA 23-October-09
Partners Bank, Naples, FL 23-October-09
San Joaquin Bank, Bakersfield, CA 16-October-09
Southern Colorado National Bank, Pueblo, CO 2-October-09
Jennings State Bank, Spring Grove, MN 2-October-09
Warren Bank, Warren, MI 2-October-09
Georgian Bank, Atlanta, GA 25-September-09
Irwin Union Bank F.S.B., Louisville, KY 18-September-09
Irwin Union Bank & Trust Co, Columbus, IN 18-September-09
Venture Bank, Lacy, WA 11-September-09
Brickwell Community Bank, Woodbury, MN 11-September-09
Corus Bank, N.A., Chicago, IL 11-September-09
First State Bank, Flagstaff, AZ 4-September-09
Platinum Community Bank, Rolling Meadows, IL 4-September-09
Vantus Bank, Sioux City, IA 4-September-09
InBank, Oak Forest, IL 4-September-09
First Bank of Kansas, Kansas City, MO 4-September-09
Affinity Bank, Ventura, CA 28-August-09
Mainstreet Bank, Forest Lake, MN 28-August-09
Bradford Bank, Baltimore, MD 28-August-09
Guaranty Bank, Austin, TX 21-August-09
Capital South Bank, Birmingham, AL 21-August-09
First Coweta Bank, Newman, GA 21-August-09
ebank, Atlanta, GA 21-August-09
Comunity Bank of Nevada, Las Vegas, Nevada 14-August-09
Community Bank of Arizona, Phoenix, AZ 14-August-09
Union Bank, National Association, Gilbert, AZ 14-August-09
Colonial Bank, Montgomery, Alabama 14-August-09
Dwelling House Savings and Loan Association, Pittsburgh, PA 14-August-09
Community First Bank, Prineville, Oregon 7-August-09
Community National Bank of Sarasota County, Venice, Florida 7-August-09
First State Bank, Sarasota, Florida 7-August-09
Mutual Bank, Harvey, Illinois 31-July-09
First Bank Americano, Elizabeth, NJ 31-July-09
Peoples Community Bank, West Chester, OH 31-July-09
Integrity Bank, Jupiter, FL 31-July-09
First State Bank of Altus, Altus, OK 31-July-09
Security Bank of Jones County, Gray, GA 24-July-09
Security Bank of Houston County, Perry, GA 24-July-09
Security Bank of Bibb County, Macon, GA 24-July-09
Security Bank of North Metro, Woodstock, GA 24-July-09
Security Bank of North Fulton, Alpharetta, GA 24-July-09
Security Bank of Gwinnett County, Suwanee, GA 24-July-09
Waterford Village Bank, Williamsville, NY 24-July-09
Temecula Valley Bank, Temecula, CA 17-July-09
Vineyard Bank, Rancho Cucamonga, CA 17-July-09
Bank First, Sioux Falls, South Dakota 17-July-09
First Piedmont Bank, Winder, Georgia 17-July-09
Bank of Wyoming, Thermopolis, Wyoming 10-July-09
Founders Bank, Worth, IL
 2-July-09
Millennium State Bank of Texas, Dallas, TX
 2-July-09
First National Bank of Danville, Danville, IL
 2-July-09
Elizabeth State Bank, Elizabeth, IL
 2-July-09
Rock River Bank, Oregon, IL
 2-July-09
First State Bank of Winchester, Winchester, IL
 2-July-09
John Warner Bank, Clinton, IL
 2-July-09
Mirae Bank, Los Angeles, CA 26-June-09
Metro Pacific Bank, Irvine, CA 26-June-09
Horizon Bank, Pine City, MN 26-June-09
Neighborhood Community Bank, Newnan, GA 26-June-09
Community Bank of West Georgia, Villa Rica, GA 26-June-09
First National Bank of Anthony, Anthony, KS 19-June-09
Cooperative Bank, Wilmington, NC 19-June-09
Southern Community Bank, Fayetteville, GA 19-June-09
Bank of Lincolnwood, Lincolnwood, IL 5-June-09
Citizens National Bank, Macomb, IL 22-May-09
Strategic Capital Bank, Champaign, IL 22-May-09
BankUnited, FSB, Coral Gables, FL 21-May-09
Westsound Bank, Bremerton, WA 8-May-09
America West Bank, Layton, UT 1-May-09
Citizens Community Bank, Ridgewood, NJ 1-May-09
Silverton Bank, N.A., Atlanta, GA 1-May-09
First Bank of Idaho, Ketchum, ID 24-Apr-09
First Bank of Beverly Hills, Calabasas, CA 24-Apr-09
Heritage Bank, Farmington Hills, MI 24-Apr-09
American Southern Bank, Kennesaw, GA 24-Apr-09
Great Basin Bank of Nevada, Elko, NV 17-Apr-09
American Sterling Bank, Sugar Creek, MO 17-Apr-09
New Frontier Bank, Greeley, CO 10-Apr-09
Cape Fear Bank, Wilmington, NC 10-Apr-09
Omni National Bank, Atlanta, GA 27-Mar-09
TeamBank, National Association, Paola, KS 20-Mar-09
Colorado National Bank, Colorado Springs, CO 20-Mar-09
FirstCity Bank, Stockbridge, GA 20-Mar-09
Freedom Bank of Georgia, Commerce, GA 6-Mar-09
Security Savings Bank, Henderson, NV 27-Feb-09
Heritage Community Bank, Glenwood, IL 27-Feb-09
Silver Falls Bank, Silverton, OR 20-Feb-09
Pinnacle Bank of Oregon, Beaverton, OR 13-Feb-09
Corn Belt Bank and Trust Company, Pittsfield, IL 13-Feb-09
Riverside Bank of the Gulf Coast, Cape Coral, FL 13-Feb-09
Sherman County Bank, Loup City, NE 13-Feb-09
County Bank, Merced, CA 6-Feb-09
Alliance Bank, Culver City, CA 6-Feb-09
FirstBank Financial Services, McDonough, GA 6-Feb-09
Ocala National Bank, Ocala, FL 30-Jan-09
Suburban Federal Savings Bank, Crofton, MD 30-Jan-09
MagnetBank, Salt Lake City, UT 30-Jan-09
1st Centennial Bank, Redlands, CA 23-Jan-09
Bank of Clark County, Vancouver, WA 16-Jan-09
National Bank of Commerce, Berkeley, IL 16-Jan-09
Sanderson State Bank, Sanderson, TX 12-Dec-08
Haven Trust Bank, Duluth, GA 12-Dec-08
First Georgia Community Bank, Jackson, GA 5-Dec-08
PFF Bank and Trust, Pomona, CA 21-Nov-08
Downey Savings and Loan, Newport Beach, CA 21-Nov-08
The Community Bank, Loganville, GA 21-Nov-08
Security Pacific Bank, Los Angeles, CA 7-Nov-08
Franklin Bank, SSB, Houston, TX 7-Nov-08
Freedom Bank, Bradenton, FL 31-Oct-08
Alpha Bank & Trust, Alpharetta, GA 24-Oct-08
Meridian Bank, Eldred, IL 10-Oct-08
Main Street Bank, Northville, MI 10-Oct-08
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT 25-Sep-08
Ameribank, Northfork, WV 19-Sep-08
Silver State Bank, Henderson, NV 5-Sep-08
Integrity Bank, Alpharetta, GA 29-Aug-08
The Columbian Bank and Trust, Topeka, KS 22-Aug-08
First Priority Bank, Bradenton, FL 1-Aug-08
First Heritage Bank, NA, Newport Beach, CA 25-Jul-08
First National Bank of Nevada, Reno, NV 25-Jul-08
IndyMac Bank, Pasadena, CA 11-Jul-08
First Integrity Bank, NA, Staples, MN 30-May-08
ANB Financial, NA, Bentonville, AR 9-May-08
Hume Bank, Hume, MO 7-Mar-08
Douglass National Bank, Kansas City, MO 25-Jan-08
Miami Valley Bank, Lakeview, OH 4-Oct-07
NetBank, Alpharetta, GA 28-Sep-07
Metropolitan Savings Bank, Pittsburgh, PA 2-Feb-07

3 Responses to “Failed Bank List”

  1. BankUnited Biggest Failed Bank Of 2009 With Massive Asset Losses | Problem Bank List
    May 21, 2009 at 7:47 pm |

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    [...] 36 failed banks we have seen this year has expanded dramatically from 25 for all of 2008, but has remained very low [...]