52 BANK FAILURES SO FAR IN 2009 – MOST IN ONE YEAR SINCE 1933

Compared to 24 in all of 2008

Bank Failures in Brief 
Source:  FDIC.gov

2009

The list of Bank Failures in Brief is updated through
July 2,
2009. 

July

Founders Bank, Worth, Illinois, with approximately $962.5 million in assets, was
closed. The PrivateBank and Trust Company, Chicago, Illinois, has agreed to
assume all deposits (approximately $848.9 million). (PR-119-2009)

Millennium State Bank of Texas, Dallas, Texas, with approximately $118 million
in
assets, was closed. State Bank of Texas, Irving, Texas, has agreed
to assume all deposits (approximately $115 million). (PR-118-2009)

The First National Bank of Danville, Danville, Illinois, with approximately $166 million in
assets, was closed. First Financial Bank, N.A., Terre Haute, Indiana, has agreed
to assume all deposits (approximately $147 million). (PR-117-2009)

The Elizabeth State Bank, Elizabeth, Illinois, with approximately $55.5 million in
assets, was closed. Galena State Bank and Trust Company, Galena, Illinois, has agreed
to assume all deposits (approximately $50.4 million). (PR-116-2009)

Rock River Bank, Oregon, Illinois, with approximately $77 million in
assets, was closed. The Harvard State Bank, Harvard, Illinois, has agreed
to assume all deposits (approximately $75.8 million). (PR-115-2009)

The First State Bank of Winchester, Winchester, Illinois, with approximately $36 million in
assets, was closed. The First National Bank of Beardstown, Beardstown, Illinois, has agreed
to assume all deposits (approximately $34 million). (PR-114-2009)

The John Warner Bank, Clinton, Illinois, with approximately $70 million in
assets, was closed. State Bank of Lincoln, Lincoln, Illinois, has agreed
to assume all deposits (approximately $64 million). (PR-113-2009)

June

Mirae Bank, Los Angeles, California, with approximately $456 million in
assets, was closed. Wilshire State Bank, Los Angeles, California, has agreed
to assume all deposits (approximately $362 million). (PR-105-2009)

MetroPacific Bank, Irvine, California, with approximately $80 million in assets,
was closed. Sunwest Bank, Tustin, California, has agreed to assume
all non-brokered
deposits (approximately $73 million). (PR-104-2009)

Horizon Bank, Pine City, Minnesota, with approximately $87.6
million in assets, was closed. Stearns Bank N.A.,
St. Cloud,
Minnesota, has agreed to assume
all deposits, excluding certain brokered deposits (approximately $69.4 million). (PR-103-2009)

Neighbor Community Bank, Newnan, Georgia, with approximately $221.6 million in
assets, was closed. CharterBank, West Point, Georgia, has agreed
to assume all deposits (approximately $191.3 million). (PR-102-2009)

Community Bank of West Georgia, Villa Rica, Georgia, with approximately $199.4 million
in assets and approximately $182.5 million in deposits was approved for payout
by the FDIC
Board of Directors. (PR-101-2009)

First National Bank of Anthony, Anthony, Kansas, with approximately $156.9 million in
assets, was closed. Bank of Kansas, South Hutchinson, Kansas, has agreed
to assume all deposits (approximately $142.5 million). (PR-96-2009)

Cooperative Bank, Wilmington, North Carolina, with approximately $970
million in assets, was closed. First Bank,
Troy,
North Carolina, has agreed to assume
all deposits, excluding certain brokered deposits (approximately $774 million). (PR-95-2009)

Southern Community Bank, Fayetteville, Georgia, with approximately $377 million in
assets, was closed. United Community Bank, Blairsville, Georgia, has agreed
to assume all deposits (approximately $307 million). (PR-94-2009)

Bank of Lincolnwood, Lincolnwood, Illinois, with approximately $214
million in assets, was closed. Republic Bank of Chicago, Oak Brook, Illinois, has agreed to
assume all deposits (approximately
$202 million).
(PR-86-2009)

May

Citizens National Bank, Macomb, Illinois, with approximately $437 million in assets,
was closed.
Morton Community Bank, Morton, Illinois, has agreed to assume
all non-brokered
deposits (approximately $400 million). (PR-76-2009)

Strategic Capital Bank, Champaign, Illinois, with approximately $537 million in
assets, was closed. Midland States Bank, Effingham, Illinois, has agreed
to assume all deposits (approximately $471 million).
(PR-75-2009)

BankUnited, FSB, Coral Gables, Florida, with approximately $12.8 billion in
assets, was closed. BankUnited, Coral Gables, Florida, has agreed
to assume all deposits (approximately $8.6 billion).
(PR-72-2009)

Westsound Bank, Bremerton, Washington, with approximately $334.6 million in assets
and $304.5 million in deposits,
was closed.
Kitsap Bank, Port Orchard, Washington, has agreed to assume
all non-brokered
deposits. (PR-69-2009)

America West Bank, Layton, Utah, with approximately $299.4
million in assets, was closed. Cache Valley Bank, Logan, Utah, has agreed to
assume all deposits (approximately
$284.1 million).
(PR-63-2009)

Citizens Community Bank, Ridgewood, New Jersey, with approximately $45.1
million in assets, was closed. North Jersey Community Bank,
Englewood Cliffs,
New Jersey, has agreed to assume
all deposits (approximately $43.7 million). (PR-62-2009)

Silverton Bank, N.A., Atlanta, Georgia, with approximately $4.1 billion in assets
and
$3.3 billion in deposits was closed.
The FDIC created a bridge bank, Silverton
Bridge Bank, N.A., to take over operations. (PR-61-2009)

April

First Bank of Idaho, Ketchum, Idaho, with approximately $488.9
million in assets, was closed. U.S. Bank, National Association, Minneapolis, MN, has agreed to assume
all non-brokered deposits (approximately
$374 million). (PR-60-2009)

First Bank of Beverly Hills, Calabasas, California, with approximately $1.5 billion
in assets and approximately $1 billion in deposits was approved for payout
by the FDIC
Board of Directors. (PR-59-2009)

Michigan Heritage Bank, Farmington Hills, Michigan, with approximately $184.6
million in assets, was closed. Level One Bank,
Farmington Hills,
Michigan, has agreed to assume
all deposits (approximately $151.7 million). (PR-58-2009)

American Southern Bank, Kennesaw, Georgia, with approximately $112.3
million in assets and approximately $104.3 in deposits was closed. Bank of North Georgia,
Alpharetta,
Georgia, has agreed to assume
all non-brokered deposits. (PR-57-2009)

Great Basin Bank of Nevada, Elko, Nevada, with approximately $270.9
million in assets, was closed. Nevada State Bank,
Las Vegas,
Nevada, has agreed to assume
all deposits (approximately $241.4 million). (PR-55-2009)

American Sterling Bank, Sugar Creek, Missouri, with approximately $181 million in assets
was closed. Metcalf Bank, Lee’s Summit, Missouri, has agreed to assume all
deposits (approximately $171.9 million).  (PR-54-2009)

New Frontier Bank, Greeley, Colorado, with approximately $2.0 billion in assets
and
approximately $1.5 billion in deposits was closed.
Deposit Insurance National Bank of Greeley, Greeley, Colorado has agreed to assume
the non-brokered
insured deposits. (PR-53-2009)

Cape Fear Bank, Wilmington, North Carolina, with approximately $492
million in assets, was closed. First Federal Savings and Loan Association,
Charleston,
South Carolina, has agreed to assume
all deposits, excluding certain brokered deposits (approximately $403 million). (PR-52-2009)

March

Omni National Bank, Atlanta, Georgia, with approximately $956.0 million in assets
and
approximately $796.8 million in deposits was closed.
SunTrust Bank, Atlanta, Georgia has agreed to assume
the non-brokered
insured deposits. (PR-50-2009)

TeamBank, National Association, Paola, Kansas, with approximately $669.8
million in assets, was closed. Great Southern Bank, Springfield,
Missouri, has agreed to assume
all deposits (approximately $492.8 million). (PR-46-2009)

Colorado National Bank, Colorado Springs, Colorado, with approximately $123.5 million
in assets, was closed.
Herring Bank, Amarillo, Texas has agreed to assume
all deposits (approximately $82.7 million). (PR-45-2009)

FirstCity Bank,
Stockbridge, Georgia, with approximately $297.0 million in assets and
approximately $278.0 million in deposits was approved for payout by the FDIC
Board of Directors. (PR-44-2009)

Freedom Bank of Georgia, Commerce, Georgia, with approximately
$173.0 million in assets and approximately $161.0 million in deposits,
was closed.
Northeast Georgia Bank, Lavonia, Georgia has agreed to assume all
deposits. (PR-37-2009)

February

Security Savings Bank, Henderson, Nevada, with approximately $238.3 million
in assets, was closed.
Bank of Nevada, Las Vegas, NV has agreed to assume
all non-brokered deposits (approximately $175.2 million). (PR-32-2009)

Heritage Community Bank, Glenwood, Illinois, with approximately $232.9 million
in assets, was closed.
The MB Financial Bank, National Association, Chicago,
Illinois has agreed to assume
all deposits (approximately $218.6 million). (PR-31-2009)

Silver Falls Bank, Silverton, Oregon, with approximately $131.4
million in assets was closed. Citizens Bank, Corvallis, Oregon has
agreed to assume all deposits (approximately $116.3 million). (PR-24-2009)

Pinnacle Bank of Oregon, Beaverton, Oregon, with approximately $73.0
million in assets was closed. Washington Trust Bank, Spokane, Washington has
agreed to assume all deposits (approximately $64.0 million). (PR-23-2009)

Corn Belt Bank and Trust Company, Pittsfield, Illinois, with approximately $271.8
million in assets and approximately $234.4 million in deposits, was closed.
The Carlinville National Bank, Carlinville,
Illinois has agreed to assume
all non-brokered deposits. (PR-22-2009)

Riverside Bank of the Gulf Coast, Cape Coral, Florida, with approximately $539.0
million in assets and approximately $424.0 million in deposits, was closed.
TIB Bank, Naples, Florida has agreed to assume
all non-brokered deposits. (PR-21-2009)

Sherman County Bank, Loup City, Nebraska, with approximately $129.8
million in assets was closed. Heritage Bank, Wood River, Nebraska has agreed
to assume all deposits (approximately $85.1 million). (PR-20-2009) 

County Bank, Merced, California, with approximately $1.7 billion in assets was closed.
Westamerica Bank, San Rafael, California has agreed to assume
all deposits (approximately $1.3 billion). (PR-19-2009)

Alliance
Bank, Culver City, California, with approximately $1.14 billion in assets and

approximately $951.0 million in deposits was closed.
California Bank & Trust, San Diego, California has agreed to assume
all
deposits. (PR-18-2009)

FirstBank Financial Services, McDonough, Georgia, with approximately $337.0 million in assets was closed.
Regions Bank, Birmingham, Alabama has agreed to assume
all deposits (approximately $279.0 million). (PR-17-2009)

January

Ocala National Bank, Ocala, Florida, with approximately $223.5 million
in assets and approximately $205.2 million in deposits, was closed.
CenterState Bank of Florida, Winter Haven, Florida has agreed to assume
all non-brokered deposits. (PR-14-2009)

Suburban Federal Savings Bank, Crofton, Maryland, with approximately $360.0 million in assets was closed.
Bank of Essex, Tappahannock, Virginia has agreed to assume
all deposits (approximately $302.0 million). (PR-13-2009)

MagnetBank,
Salt Lake City, Utah, with approximately $292.2 million in assets and
approximately $282.8 million in deposits was approved for payout by the FDIC
Board of Directors. (PR-12-2009)

1st Centennial
Bank, Redlands, California, with approximately $803.3 million in assets and
approximately $676.9 million in deposits was closed.
First California Bank, Westlake Village, California has agreed to assume
the non-brokered
insured deposits. (PR-7-2009)

Bank of Clark County, Vancouver, Washington, with approximately $446.5 million in assets and
approximately $366.5 million in deposits was closed.
Umpqua Bank, Roseburg, Oregon has agreed to assume the non-brokered
insured deposits. (PR-6-2009)

National Bank of Commerce, Berkeley, Illinois, with approximately $430.9 million in total assets
and $402.1 million in
total deposits, was closed. In addition to assuming all of the failed
bank’s deposits, Republic Bank of Chicago, Oak Brook,
Illinois agreed to pay a discount of $44.9 million, and will purchase
approximately $366.6 million of assets. The FDIC will retain the remaining
assets for later disposition. (PR-5-2009)

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