It was a busy weekend for the Federal Deposit Insurance Corp. Five more banks were seized Friday night, bringing the total number of bank failures this year to 45. Friday's bank failures cost the FDIC $264.2 million, with a total of $11.94 billion
so far for this year, according to CNN.
Two of the banks that failed were in California, two more were in Georgia, and one was in Minnesota.
So far Georgia, which has had nine bank failures, is the state with the largest number of seized banks.
Both Neighborhood Community Bank and Community Bank of West Georgia were closed Friday. The FDIC entered into a purchase agreement with
CharterBank
to assume the deposits of
Neighborhood Community Bank, which had assets
of $221.6 million and $191.3 million in deposits. However, the FDIC did not enter into an agreement with another bank to assume the deposits of Community Bank of West Georgia,
which had total assets of $199.4 million and total deposits of $182.5 million.In California, Mirae Bank and MetroPacific Bank were closed over the weekend. Wilshire State
Bank
assumed the deposits of Mirae
Bank, which had total assets of $456 million and
total deposits of approximately $362 million. Sunwest Bank assumed the deposits of MetroPacific Bank,
which had total assets of $80 million and total deposits of approximately $73 million.
In Minnesota, Horizon Bank was
shut down, and its deposits were acquired by Stearns Bank. Horizon Bank had total assets of $87.6 million
and total deposits of approximately $69.4 million.
There are 305 banks reportedly on the FDIC's problem list. Based on the current pace of bank seizures, 100 banks could fail this year. To see a list of
those banks rumored to potentially fail, check out
Media identifies banks on the FDIC's hit list. Also, check out the list below of failed banks since the recession began.
- Maria Woehr Untitled Docume 2009 bank failures
1. Mirae Bank, Los Angeles, CA June 26, 2009
2. Metro Pacific Bank, Irvine, CA June 26, 2009
3. Horizon Bank, Pine City, MN June 26, 2009
4. Neighborhood Community Bank, Newnan, GA June 26, 2009
5. Community Bank of West Georgia, Villa Rica, GA June 26, 2009
6. First National Bank of Anthony, Anthony, KS June 19, 2009
7. Cooperative Bank, Wilmington, NC June 19, 2009
8. Southern Community Bank, Fayetteville, GA June 19, 2009
9. Bank of Lincolnwood, Lincolnwood, Ill. June 5, 2009
10. Citizens National Bank, Macomb, Ill. May 22 2009
11.Strategic Capital Bank, Champaign, Ill. May 22 2009
12. BankUnited, FSB, Coral Gables, Fla. May 21 2009
13. Westsound Bank, Bremerton, Wash. May 8, 2009
14.America West Bank, Layton, Utah May 1, 2009
15.Citizens Community Bank, Ridgewood, N.J. May 1, 2009
16.Silverton Bank, N.A., Atlanta, Ga. May 1, 2009
17. First Bank of Idaho, Ketchum, ID April 24, 2009
18. First Bank of Beverly Hills, Calabasas, Calif., April 24, 2009
19. Heritage Bank, Farmington Hills, Mich. April 24, 2009
20. American Southern Bank, Kennesaw, Ga. 57943 April 24, 2009
21. Great Basin Bank of Nevada, Elko, Nev. April 17, 2009
22. American Sterling Bank, Sugar Creek, Mo. April 17, 2009
23.New Frontier Bank, Greeley, Colo., April 10, 2009
24. Cape Fear Bank, Wilmington, N.C., April 10, 2009
25. Omni National Bank, Atlanta, Ga., March 27, 2009
26. TeamBank, Paola, Kan., March 20
27. Colorado National Bank, Colorado Springs, Colo., March 20
28. FirstCity Bank, Stockbridge, Ga., March 20
29. Freedom Bank of Georgia, Commerce, Ga. March 6, 2009
30. Security Savings Bank, Henderson, Nev. February 27, 2009
31. Heritage Community Bank, Glenwood, Ill. February 27, 2009
32. Silver Falls Bank, Silverton, Ore. February 20, 2009
33. Pinnacle Bank of Oregon, Beaverton, Ore. February 13, 2009
34. Corn Belt Bank and Trust Company, Pittsfield, Ill. February 13, 2009
35. Riverside Bank of the Gulf Coast, Cape Coral, Fla. February 13, 2009
36. Sherman County Bank, Loup City, Neb. February 13, 2009
37. County Bank, Merced, Calif. February 6, 2009
38. Alliance Bank, Culver City, Calif. February 6, 2009
39. FirstBank Financial Services, McDonough, Ga. February 6, 2009
40. Ocala National Bank, Ocala, Fla. January 30, 2009
41. Suburban Federal Savings Bank, Crofton, Md. January 30, 2009
42. MagnetBank, Salt Lake City, Utah January 30, 2009
43. 1st Centennial Bank, Redlands, Calif. January 23, 2009
44. Bank of Clark County, Vancouver, Wash. January 16, 2009
45. 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
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