Bank failures reach 120

The Federal Deposit Insurance Corp. shut down five banks on Friday, bringing the total number of bank failures this year to 120.

San Francisco-based United Commercial Bank became the fifth-largest bank failure, according to The Wall Street Journal. The bank's $7.5 billion in deposits and $10.2 billion in assets will be taken over by East West Bank of Pasadena, Calif.  The failure will cost the FDIC's deposit insurance fund around $1.4 billion.

The other banks that failed this week included Prosperan Bank, which had $175.6 million in  deposits, which was acquired by Alerus Financial; Gateway Bank of St. Louis' assets of $27.7 million and total deposits of $27.9 million were transferred to Central Bank of Kansas City; and Detroit-based Home Federal Savings Bank, which had total assets of $14.9 million and total deposits of $12.8 million, was acquired by Liberty Bank and Trust Co. of New Orleans. Lastly, United Security Bank of Georgia's total assets of $157 million and deposits of $150 million were acquired by Ameris Bank of Moultrie, Ga. These other four failures cost the FDIC's deposit insurance fund around $132.7 million.

There reportedly are 416 banks on the FDIC's "problem" list. In October, 20 banks failed, but so far this month 14 have failed meaning it's likely that 130 banks could fail by the end of the month, and we could reach over 150 failures by the end of the year. - Maria Woehr

2009 bank failures:

1. United Commercial Bank San Francisco CA 32469 November 6, 2009
2. Gateway Bank of St. Louis St. Louis MO 19450 November 6, 2009
   
3. Prosperan Bank Oakdale MN 35074 November 6, 2009
   
4. Home Federal Savings Bank Detroit MI 30329 November 6, 2009
   
5. United Security Bank Sparta GA 22286 November 6, 2009
   
6. North Houston Bank Houston TX October 30, 2009
   
7. Madisonville State Bank Madisonville TX  October 30, 2009
   
8. Citizens National Bank Teague TX  October 30, 2009
   
9. Park National Bank Chicago IL  October 30, 2009
   
10. Pacific National Bank San Francisco CA 30006 October 30, 2009
    
11. California National Bank Los Angeles CA 34659 October 30, 2009
    
12. San Diego National Bank San Diego CA 23594 October 30, 2009
    
13. Community Bank of Lemont Lemont IL 35291 October 30, 2009
    
14. Bank USA, N.A. Phoenix AZ 32218 October 30, 2009
    
15. First DuPage Bank Westmont IL 35038 October 23, 2009
    
16. Riverview Community Bank Otsego MN 57525 October 23, 2009
    
17. Bank of Elmwood Racine WI 18321 October 23, 2009
    
18. Flagship National Bank Bradenton FL 35044 October 23, 2009
19. Hillcrest Bank Florida Naples FL 58336 October 23, 2009
    
20. American United Bank Lawrenceville GA 57794 October 23, 2009
21. Partners Bank Naples FL 57959 October 23, 2009
22. San Joaquin Bank Bakersfield CA 23266 October 16, 2009
23. Southern Colorado National Bank, Pueblo, CO, October 2, 2009
24. Jennings State Bank, Spring Grove, MN, October 2, 2009
25. Warren Bank, Warren, MI, October 2, 2009
26. Georgian Bank Atlanta GA 57151 September 25, 2009
27. Irwin Union Bank, F.S.B., Louisville, Ky., September 18, 2009
28. Irwin Union Bank and Trust Company, Columbus, Ind.,September 18, 2009
29. Venture Bank, Lacey, Wash., September 11, 2009
30. Brickwell Community Bank, Woodbury, Minn., September 11, 2009
31. Corus Bank, N.A., Chicago, Ill., September 11, 2009
32. First State Bank, Flagstaff, Ariz., September 4, 2009
33. Platinum Community Bank, Rolling Meadows Ill., September 4, 2009
34. Vantus Bank, Sioux City, Iowa, September 4, 2009
35. InBank, Oak Forest, Ill., September 4, 2009
    
36. First Bank of Kansas City, Kansas City, Mo., September 4, 2009
37. Affinity Bank, Ventura, Calif., August 28, 2009
38. Mainstreet Bank, Forest Lake, Minn., August 28, 2009
39. Bradford Bank, Baltimore, Md., August 28, 2009
40. Guaranty Bank, Austin, Texas, August 21, 2009
41. CapitalSouth Bank, Birmingham, Ala., August 21, 2009
42. First Coweta Bank, Newnan, Ga., August 21, 2009
43. ebank, Atlanta,Ga., August 21, 2009
44. Community Bank of Nevada, Las Vegas, Nev., August 14, 2009
45. Community Bank of Arizona, Phoenix, Ariz., August 14, 2009
46. Union Bank, National Association, Gilbert, Ariz. August 14, 2009
47. Colonial Bank, Montgomery, Ala., August 14, 2009
48.  Dwelling House Savings and Loan Association, Pittsburgh, Penn., August 14, 2009
49. Community First Bank, Prineville, Ore., Aug. 7, 2009
50. Community National Bank of Sarasota County, Venice, Fla., Aug. 7, 2009
51. First State Bank,Sarasota, Fla., Aug. 7, 2009
52. Mutual Bank Harvey, Ill., July 31, 2009
53. First BankAmericano, Elizabeth, N.J., July 31, 2009
54. Peoples Community Bank, West Chester, Ohio, July 31, 2009
55. Integrity Bank, Jupiter, Fla., July 31, 2009
56. First State Bank of Altus, Altus, Ok., July 31, 2009
57. Security Bank of Jones County, Gray, Ga., July 24, 2009
58. Security Bank of Houston County, Perry, Ga., July 24, 2009
59. Security Bank of Bibb County, Macon, Ga., July 24, 2009
60. Security Bank of North Metro, Woodstock, Ga., July 24, 2009
61. Security Bank of North Fulton, Alpharetta, Ga., July 24, 2009
62. Security Bank of Gwinnett County, Suwanee, Ga., July 24, 2009
63. Waterford Village Bank, Williamsville, N.Y., July 24, 2009
64. Temecula Valley Bank, Temecula, Calif. July 17, 2009
65. Vineyard Bank, Rancho Cucamonga, Calif. July 17, 2009
66. BankFirst, Sioux Falls, S.D. July 17, 2009
67. First Piedmont Bank, Winder, Ga. July 17, 2009
68. Bank of Wyoming Thermopolis, Wyo. July 10, 2009
69. Founders Bank Worth, Ill. July 2, 2009
70. Millennium State Bank of Texas Dallas, Texas July 2, 2009
71. First National Bank of Danville Danville, Ill. July 2, 2009
72. Elizabeth State Bank Elizabeth, Ill. July 2, 2009
73. Rock River Bank Oregon, Ill. July 2, 2009
74. First State Bank of Winchester Winchester, Ill. July 2, 2009
75. John Warner Bank Clinton, Ill. July 2, 2009
76. Mirae Bank, Los Angeles, Calif. June 26, 2009
77. Metro Pacific Bank, Irvine, Calif. June 26, 2009
78. Horizon Bank, Pine City, Minn. June 26, 2009
79. Neighborhood Community Bank, Newnan, Ga. June 26, 2009
80. Community Bank of West Georgia, Villa Rica, Ga. June 26, 2009
81. First National Bank of Anthony, Anthony, Kan. June 19, 2009
82. Cooperative Bank, Wilmington, N.C. June 19, 2009
83. Southern Community Bank, Fayetteville, Ga. June 19, 2009
84. Bank of Lincolnwood, Lincolnwood, Ill. June 5, 2009
85. Citizens National Bank, Macomb, Ill. May 22 2009
86. Strategic Capital Bank, Champaign, Ill. May 22 2009
87. BankUnited, FSB, Coral Gables, Fla. May 21 2009
88. Westsound Bank, Bremerton, Wash. May 8, 2009
89. America West Bank, Layton, Utah May 1, 2009
90. Citizens Community Bank, Ridgewood, N.J. May 1, 2009
91. Silverton Bank, N.A., Atlanta, Ga. May 1, 2009
92. First Bank of Idaho, Ketchum, ID April 24, 2009
93. First Bank of Beverly Hills, Calabasas, Calif., April 24, 2009
94. Heritage Bank, Farmington Hills, Mich.; April 24, 2009
95. American Southern Bank, Kennesaw, Ga.  April 24, 2009
96. Great Basin Bank of Nevada, Elko, Nev. April 17, 2009
97. American Sterling Bank, Sugar Creek, Mo. April 17, 2009
98. New Frontier Bank, Greeley, Colo., April 10, 2009
99. Cape Fear Bank, Wilmington, N.C., April 10, 2009
100. Omni National Bank, Atlanta, Ga., March 27, 2009
101. TeamBank, Paola, Kan., March 20, 2009
102. Colorado National Bank, Colorado Springs, Colo., March 20, 2009
103. FirstCity Bank, Stockbridge, Ga., March 20, 2009
104. Freedom Bank of Georgia, Commerce, Ga. March 6, 2009
105. Security Savings Bank, Henderson, Nev. February 27, 2009
106. Heritage Community Bank, Glenwood, Ill. February 27, 2009
107. Silver Falls Bank, Silverton, Ore. February 20, 2009
108. Pinnacle Bank of Oregon, Beaverton, Ore. February 13, 2009
109. Corn Belt Bank and Trust Company, Pittsfield, Ill. February 13, 2009
110. Riverside Bank of the Gulf Coast, Cape Coral, Fla. February 13, 2009
111. Sherman County Bank, Loup City, Neb. February 13, 2009
112. County Bank, Merced, Calif. February 6, 2009
113. Alliance Bank, Culver City, Calif. February 6, 2009
114. FirstBank Financial Services, McDonough, Ga. February 6, 2009
115. Ocala National Bank, Ocala, Fla. January 30, 2009
116. Suburban Federal Savings Bank, Crofton, Md. January 30, 2009
117. MagnetBank, Salt Lake City, Utah January 30, 2009
118. 1st Centennial Bank, Redlands, Calif. January 23, 2009
119. Bank of Clark County, Vancouver, Wash. January 16, 2009
120. National Bank of Commerce, Berkeley, Ill. January 16, 2009

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