Failure™ Magazine

Failed Bank List 2009

Written by Jason Zasky  as part of Failure Analysis

Estimated cost to FDIC insurance fund in parentheses:

140. Citizens State Bank, New Baltimore, Michigan, December 18 ($76.6 million)
139. RockBridge Commercial Bank, Atlanta, Georgia, December 18 ($124.2 million)
138. Imperial Capital Bank, La Jolla, California, December 18 ($619.2 million)
137. Independent Bankers’ Bank, Springfield, Illinois, December 18 ($68.4 million)
136. Peoples First Community Bank, Panama City, Florida, December 18 ($556.7 million)
135. New South Federal Savings Bank, Irondale, Alabama, December 18 ($212.3 million)
134. First Federal Bank of California, Santa Monica, California, December 18 ($146.3 million)
133. SolutionsBank, Overland Park, Kansas, December 11 ($122.1 million)
132. Republic Federal Bank, Miami, Florida, December 11 ($122.6 million)
131. Valley Capital Bank, Mesa, Arizona, December 11 ($7.4 million)
130. Greater Atlantic Bank, Reston, Virginia, December 4
129. Benchmark Bank, Aurora, Illinois, December 4
128. AmTrust Bank, Cleveland, Ohio, December 4
127. The Tattnall Bank, Reidsville, Georgia, December 4
126. First Security National Bank, Norcross, Georgia, December 4
125. The Buckhead Community Bank, Atlanta, Georgia, December 4
124. Commerce Bank of Southwest Florida, Fort Myers, Florida, November 20
123. Pacific Coast National Bank, San Clemente, California, November 13 ($27.4 million)
122. Orion Bank, Naples, Florida, November 13 ($615 million)
121. Century Bank, F.S.B., Sarasota, Florida, November 13 ($344 million)
120. United Commercial Bank, San Francisco, California, November 6 ($1.4 billion)
119. Gateway Bank of St. Louis, St. Louis, Missouri, November 6
118. Prosperan Bank, Oakdale, Minnesota, November 6
117. Home Federal Savings Bank, Detroit, Michigan, November 6
116. United Security Bank, Sparta, Georgia, November 6

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