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Omni Nat'l closes; bank failures reach 21 in '09

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Published March 30, 2009 at 8:30 AM
pignoose125x100.jpgOmni National Bank was closed by the Federal Deposit Insurance Corp. (FDIC) on Friday, bringing the total number of banks that have failed this year to 21. So far, about 7 institutions have failed per month, on average, meaning that if this continues 84 institutions will have failed by the end of the year.

Omni National Bank is the ninth Georgia-based institution to fail. Georgia has the most failures this year with California not far behind, with a total of eight failures, according to The Economic Times

Here is a list of all the failed banks since the credit crunch began.


2009 bank failures:

1. Omni National Bank, March 27, 2009
2. TeamBank, Paola, Kan., March 20
3. Colorado National Bank, Colorado Springs, Colo., March 20
4. FirstCity Bank, Stockbridge, Ga., March 20
5. Freedom Bank of Georgia, Commerce, Ga. March 6, 2009
6. Security Savings Bank, Henderson, Nev. February 27, 2009
7. Heritage Community Bank, Glenwood, Ill. February 27, 2009
8. Silver Falls Bank, Silverton, Ore. February 20, 2009
9. Pinnacle Bank of Oregon, Beaverton, Ore. February 13, 2009
10. Corn Belt Bank and Trust Company, Pittsfield, Ill. February 13, 2009
11. Riverside Bank of the Gulf Coast, Cape Coral, Fla. February 13, 2009
12. Sherman County Bank, Loup City, Neb. February 13, 2009
13. County Bank, Merced, Calif. February 6, 2009
14. Alliance Bank, Culver City, Calif. February 6, 2009
15. FirstBank Financial Services, McDonough, Ga. February 6, 2009
16. Ocala National Bank, Ocala, Fla. January 30, 2009
17. Suburban Federal Savings Bank, Crofton, Md. January 30, 2009
18. MagnetBank, Salt Lake City, Utah January 30, 2009
19. 1st Centennial Bank, Redlands, Calif. January 23, 2009
20. Bank of Clark County, Vancouver, Wash. January 16, 2009
21. National Bank of Commerce, Berkeley, Ill. January 16, 2009


2008 bank failures:

  1. Sanderson State Bank, Sanderson, Texas December 12, 2008
  2. Haven Trust Bank, Duluth, Ga. December 12, 2008
  3. First Georgia Community Bank, Jackson, Ga. December 5, 2008
  4. PFF Bank and Trust, Pomona, Calif. November 21, 2008
  5. Downey Savings and Loan, Newport Beach, Calif. November 21, 2008
  6. The Community Bank, Loganville, Ga. November 21, 2008
  7. Security Pacific Bank, Los Angeles, Calif. November 7, 2008
  8. Franklin Bank, SSB, Houston, Texas November 7, 2008
  9. Freedom Bank, Bradenton, Fla. October 31, 2008
  10. Alpha Bank & Trust, Alpharetta, Ga. October 24, 2008
  11. Meridian Bank, Eldred, Ill. October 10, 2008
  12. Main Street Bank, Northville, Mich. October 10, 2008
  13. Washington Mutual Bank, September 25, 2008
  14. Ameribank, Northfork, W.Va. September 19, 2008
  15. Silver State Bank, Henderson, Nev. September 5, 2008
  16. Integrity Bank, Alpharetta, Ga. August 29, 2008
  17. The Columbian Bank and Trust, Topeka, Kan. August 22, 2008
  18. First Priority Bank, Bradenton, Fla. August 1, 2008
  19. First Heritage Bank, NA, Newport Beach, Calif. July 25, 2008
  20. First National Bank of Nevada, Reno, Nev. July 25, 2008
  21. IndyMac Bank, Pasadena, Calif. July 11, 2008
  22. First Integrity Bank, NA, Staples, Minn. May 30, 2008
  23. ANB Financial, NA, Bentonville, Ariz. May 9, 2008
  24. Hume Bank, Hume, Mo. March 7, 2008
  25. Douglass National Bank, Kansas City, Mo. January 25, 2008

    Want more info? The Street.com has an Interactive Map of all of the failed bank locations.- Maria Woehr

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