Epic fail

OK, here’s that table of failed banks nationwide that’s mentioned in the Alerus Financial post.

The list of failed banks is from the FDIC. Bank ratings are from Bankrate.com.

"Failed institution" means the failed bank. "Assuming institution" means the buyer of that bank. Where it says "NONE," the FDIC could not find a buyer and had to permanently shutter the bank. Where it’s all caps, that’s an institution created by the FDIC specifically to take over from the failed bank.

Failed banks and their new owners
Failed Institution City State Assuming Institution City State Assuming Institution’s Rating Closing Date
Mutual Bank Harvey IL United Central Bank Garland TX ** 7/31/2009
First BankAmericano Elizabeth NJ Crown Bank Brick NJ *** 7/31/2009
Peoples Community Bank West Chester OH First Financial Bank Hamilton OH *** 7/31/2009
Integrity Bank Jupiter FL Stonegate Bank Fort Lauderdale FL *** 7/31/2009
First State Bank of Altus Altus OK Herring Bank Amarillo TX **** 7/31/2009
Security Bank of Jones County Gray GA State Bank and Trust Co. Pinehurst GA *** 7/24/2009
Security Bank of Houston County Perry GA State Bank and Trust Co. Pinehurst GA *** 7/24/2009
Security Bank of Bibb County Macon GA State Bank and Trust Co. Pinehurst GA *** 7/24/2009
Security Bank of North Metro Woodstock GA State Bank and Trust Co. Pinehurst GA *** 7/24/2009
Security Bank of North Fulton Alpharetta GA State Bank and Trust Co. Pinehurst GA *** 7/24/2009
Security Bank of Gwinnett County Suwanee GA State Bank and Trust Co. Pinehurst GA *** 7/24/2009
Waterford Village Bank Williamsville NY Evans Bank, N.A. Angola NY *** 7/24/2009
Temecula Valley Bank Temecula CA First-Citizens Bank & Trust Co. Raleigh NC *** 7/17/2009
Vineyard Bank Rancho Cucamonga CA California Bank & Trust San Diego CA **** 7/17/2009
BankFirst Sioux Falls SD Alerus Financial, N.A. Grand Forks ND **** 7/17/2009
First Piedmont Bank Winder GA First American Bank and Trust Co. Athens GA **** 7/17/2009
Bank of Wyoming Thermopolis WY Central Bank & Trust Lander WY **** 7/10/2009
Founders Bank Worth IL PrivateBank and Trust Co. Chicago IL *** 7/2/2009
Millennium State Bank of Texas Dallas TX State Bank of Texas Irving TX **** 7/2/2009
First National Bank of Danville Danville IL First Financial Bank, N.A. Terre Haute IN **** 7/2/2009
Elizabeth State Bank Elizabeth IL Galena State Bank and Trust Co. Galena IL **** 7/2/2009
Rock River Bank Oregon IL Harvard State Bank Harvard IL *** 7/2/2009
First State Bank of Winchester Winchester IL First National Bank of Beardstown Beardstown IL ***** 7/2/2009
John Warner Bank Clinton IL State Bank of Lincoln Lincoln IL ***** 7/2/2009
Mirae Bank Los Angeles CA Wilshire State Bank Los Angeles CA ***** 6/26/2009
MetroPacific Bank Irvine CA Sunwest Bank Tustin CA ***** 6/26/2009
Horizon Bank Pine City MN Stearns Bank N.A. St. Cloud MN **** 6/26/2009
Neighborhood Community Bank Newnan GA CharterBank West Point GA *** 6/26/2009
Community Bank of West Georgia Villa Rica GA NONE N/A N/A N/A 6/26/2009
First National Bank of Anthony Anthony KS Bank of Kansas Hutchinson KS **** 6/19/2009
Cooperative Bank Wilmington NC First Bank Troy NC **** 6/19/2009
Southern Community Bank Fayetteville GA United Community Bank Blairsville GA ** 6/19/2009
Bank of Lincolnwood Lincolnwood IL Republic Bank of Chicago Oak Brook IL **** 6/5/2009
Citizens National Bank Macomb IL Morton Community Bank Morton IL **** 5/22/2009
Strategic Capital Bank Champaign IL Midland States Bank Effingham IL ** 5/22/2009
BankUnited, FSB Coral Gables FL BankUnited Coral Gables FL NR 5/21/2009
Westsound Bank Bremerton WA Kitsap Bank Port Orchard WA *** 5/8/2009
America West Bank Layton UT Cache Valley Bank Logan UT ***** 5/1/2009
Citizens Community Bank Ridgewood NJ North Jersey Community Bank Englewood Cliffs NJ **** 5/1/2009
Silverton Bank, N.A. Atlanta GA Silverton BRIDGE Bank, N.A. Atlanta GA N/A 5/1/2009
First Bank of Idaho Ketchum ID U.S. Bank, N.A. Minneapolis MN ***** 4/24/2009
First Bank of Beverly Hills Calabasas CA NONE N/A N/A N/A 4/24/2009
Michigan Heritage Bank Farmington Hills MI Level One Bank Farmington Hills MI *** 4/24/2009
American Southern Bank Kennesaw GA Bank of North Georgia Alpharetta GA * 4/24/2009
Great Basin Bank of Nevada Elko NV Nevada State Bank Las Vegas NV ** 4/17/2009
American Sterling Bank Sugar Creek MO Metcalf Bank Lee’s Summit MO **** 4/17/2009
New Frontier Bank Greeley CO DEPOSIT INSURANCE National Bank of Greeley Greeley CO N/A 4/10/2009
Cape Fear Bank Wilmington NC First Federal Savings and Loan Association Charleston SC *** 4/10/2009
Omni National Bank Atlanta GA SunTrust Bank Atlanta GA * 3/27/2009
TeamBank, N.A. Paola KS Great Southern Bank Springfield MO **** 3/20/2009
Colorado National Bank Colorado Springs CO Herring Bank Amarillo TX **** 3/20/2009
FirstCity Bank Stockbridge GA NONE N/A N/A N/A 3/20/2009
Freedom Bank of Georgia Commerce GA Northeast Georgia Bank Lavonia GA ** 3/6/2009
Security Savings Bank Henderson NV Bank of Nevada Las Vegas NV * 2/27/2009
Heritage Community Bank Glenwood IL MB Financial Bank, N.A. Chicago IL ** 2/27/2009
Silver Falls Bank Silverton OR Citizens Bank Corvallis OR **** 2/20/2009
Pinnacle Bank of Oregon Beaverton OR Washington Trust Bank of Spokane Spokane WA *** 2/13/2009
Corn Belt Bank & Trust Co. Pittsfield IL Carlinville National Bank Carlinville IL **** 2/13/2009
Riverside Bank of the Gulf Coast Cape Coral FL TIB Bank Naples FL * 2/13/2009
Sherman County Bank Loup City NE Heritage Bank Wood River NE ***** 2/13/2009
County Bank Merced CA Westamerica Bank San Rafael CA **** 2/6/2009
Alliance Bank Culver City CA California Bank & Trust San Diego CA **** 2/6/2009
FirstBank Financial Services McDonough GA Regions Bank Birmingham AL ** 2/6/2009
Ocala National Bank Ocala FL CenterState Bank of Florida, N.A. Winter Haven FL *** 1/30/2009
Suburban FSB Crofton MD Bank of Essex Tappahannock VA **** 1/30/2009
MagnetBank Salt Lake City UT NONE N/A N/A N/A 1/30/2009
1st Centennial Bank Redlands CA First California Bank Westlake Village CA **** 1/23/2009
Bank of Clark County Vancouver WA Umpqua Bank Roseburg OR ** 1/16/2009
National Bank of Commerce Berkeley IL Republic Bank of Chicago Oak Brook IL **** 1/16/2009

 

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