FDIC Failed Banks - 2010 Bank Failures


 Bank Failure – December 31, 2010 – 2010 had the highest number of bank failures since 1992 when there were 181 bank failures. For 2010, the number of bank failures rose to 157, surpassing 2009 which saw a total of 140 bank failures. Furthermore, 860 institutions were on the FDIC's "problem" banks list as of Sepember 30, 2010, the highest number since 1993.

The banks seized in 2010 had assets totaling $96.5 billion, a drop of 43.5% from 2009's total of $170.9 billion. The estimated cost to the FDIC of these 157 bank failures totaled $22.4 billion. There were 23 failed banks with assets exceeding $1.0 billion, the largest was Westernbank Puerto Rico, head quartered in Mayaguez, Puerto Rico with assets of $11.94 billion, which failed April 30, 2010. The states with the highest number of bank failures were Florida with 29, Georgia with 21, Illinois with 16, California with 12, Washington State with 11 and Minesota with 8, accounting for over 60% of the 2010 bank failures.

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FDIC Bank Failures
Year No. of Failed Banks Total Assets of Failed Banks Loss to FDIC's DIF
2007 3 $2,602,500,000 $113,000,000
2008 25 $373,588,780,000 $15,708,200,000
2009 140 $170,867,000,000 $36,432,500,000
2010 157 $96,514,000,000 $22,355,300,000
Total 325 $643,572,280,000 $74,609,000,000

2007 - 2010 Bank Failure.

Since the start of the financial crisis in 2007, there have been 325 bank failures with assets totaling a staggering $643.57 billion, deposits totaling $455.08 billion, and at an estimated cost to the FDIC’s Deposit Insurance Fund (DIF) of $74.61 billion.

In 2009, there were 140 bank failures with assets totaling $170.9 billion and at an estimated cost to the FDIC's DIF of $36.43 billion, the five largest bank failures being BankUnited with $12.8 billion in assets, Colonial Bank with $25 billion in assets, Guaranty Bank with $13 billion in assets, United Commercial Bank with $11.2 billion in assets, and AmTrust Bank with $12 billion in assets.

In 2008, there were 25 bank failures with assets totaling $373.6 billion. Washington Mutual Bank, which failed February 2008 and with assets totaling $307 billion, is by far the largest US bank failure in recent history. Below is a list of FDIC bank failures, compiled from the FDIC's failed bank data.

Bank Failure Cause

. The collapse of the housing market, and the increase in mortgage delinquencies and home foreclosures, coupled with the credit crisis have all led to a dramatic increase in bank failures over the past few years. These bank failures are due to inadequate capital and mounting loan losses primarily from residential mortgages and, more recently, from commercial loans. The number of FDIC Problem Banks and financial institutions on the FDIC’s watch List rose to 829 at the end of the second quarter 2010.

When banks fail, the FDIC is appointed as receiver. Depositors are protected up to the FDIC insurance limit, currently at $250,000. In most cases, the FDIC arranges for the branches and insured deposits to be transferred to another well capitalized bank, and banking services for the failed bank's customers generally continue uninterrupted. CalculatorPlus.com provides a comprehensive source of bank calculator for consumers and businesses to help maximize savings while balancing risk and rewards.

See More About Bank Failure:
List of largest U.S. bank failures.
Bank Failures, Systemic Risk.

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FDIC Failed Banks Closing Date of Failed Bank Deposits Transferred to Total Assets of Failed Bank Total Deposits of Failed Bank
Community National Bank, Lino Lakes, MN
December 17, 2010
 Closed by The Office of the Comptroller of the Currency and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Farmers & Merchants Savings Bank, Manchester, Iowa
$31.6 million
$28.8 million
First Southern Bank, Batesville, AR
December 17, 2010
 Closed by Arkansas State Bank Department and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Southern Bank, Poplar Bluff, Missouri
$191.8 million
$155.8 million
United Americas Bank, N.A., Atlanta, GA
December 17, 2010
 Closed by The Office of the Comptroller of the Currency and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Macon, Georgia
$242.3 million
$193.8 million
Appalachian Community Bank, FSB, McCaysville, GA
December 17, 2010
 Closed by The Office of Thrift Supervision and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Peoples Bank of East Tennessee, Madisonville, Tennessee
$68.2 million
$76.4 million
Chestatee State Bank, Dawsonville, GA
December 17, 2010
 Closed by Georgia Department of Banking and Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bank of the Ozarks, Little Rock, Arkansas
$244.4 million
$240.5 million
The Bank of Miami, National Association (N.A.), Coral Gables, FL
December 17, 2010
 Closed by The Office of the Comptroller of the Currency and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with United Bank, Boca Raton, Florida
$448.2 million
$374.2 million
Earthstar Bank, Southampton, PA
December 10, 2010
 Closed by Secretary of Banking of the Commonwealth of Pennsylvania and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Polonia Bank, Huntingdon Valley, Pennsylvania
$112.6 million
$104.5 million
Paramount Bank, Farmington Hills, MI
December 10, 2010
 Closed by Michigan Office of Financial and Insurance Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Level One Bank, Farmington Hills, Michigan
$252.7 million
$213.6 million
First Banking Center, Burlington, WI
November 19, 2010
 Closed by State of Wisconsin Department of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Michigan Bank, Troy, Michigan
$750.7 million
$664.8 million
Allegiance Bank of North America, Bala Cynwyd, PA
November 19, 2010
 Closed by the Secretary of the Pennsylvania Department of Banking and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with VIST Bank, Wyomissing, Pennsylvania
$106.6 million
$92.0 million
Gulf State Community Bank, Carrabelle, FL
November 19, 2010
 Closed by Florida Office of Financial Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas
$112.1 million
$112.2 million
Copper Star Bank, Scottsdale, AZ
November 12, 2010
 Closed by Superintendent of the Arizona Department of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Stearns Bank National Association, St. Cloud, Minnesota
$204.0 million
$190.2 million
Darby Bank & Trust Co., Vidalia, GA
November 12, 2010
 Closed by Georgia Department of Banking and Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia
$654.7 million
$587.6 million
Tifton Banking Company, Tifton, GA
November 12, 2010
 Closed by Georgia Department of Banking and Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia
$143.7 million
$141.6 million
First Vietnamese American Bank, Westminster, CA
November 05, 2010
 Closed by California Department of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Grandpoint Bank, Los Angeles, California
$48.0 million
$47.0 million
Pierce Commercial Bank, Tacoma, WA
November 05, 2010
 Closed by Washington Department of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Heritage Bank, Olympia, Washington
$221.1 million
$193.5 million
Western Commercial Bank, Woodland Hills, CA
November 05, 2010
 Closed by California Department of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First California Bank, Westlake Village, California,
$98.6 million
$101.1 million
K Bank, Randallstown, MD
November 05, 2010
 Closed by Maryland Office of Financial Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Manufacturers and Traders Trust Company (M&T Bank), Buffalo, New York
$538.3 million
$500.1 million
First Arizona Savings, a F.S.B., Scottsdale, AZ
October 22, 2010
 Closed by Office of Thrift Supervision and FDIC appointed Receiver of this failed bank. FDIC was unable to find another financial institution to take over the banking operations of First Arizona Savings, and as a result approved the payout of insured deposits of First Arizona Savings
$272.2 million
$198.8 million
Hillcrest Bank, Overland Park, KS
October 22, 2010
 Closed by Kansas Office of the State Bank Commissioner and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Hillcrest Bank, National Association, Overland Park, Kansas, a newly-chartered bank subsidiary of NBH Holdings Corp., Boston, Massachusetts
$1.65 billion
$1.54 billion
First Suburban National Bank, Maywood, IL
October 22, 2010
 Closed by Office of the Comptroller of the Currency and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Seaway Bank and Trust Company, Chicago, Illinois
$148.7 million
$140.0 million
The First National Bank of Barnesville, Barnesville, GA
October 22, 2010
 Closed by Office of the Comptroller of the Currency and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with United Bank, Zebulon, Georgia
$131.4 million
$127.1 million
The Gordon Bank, Gordon, GA
October 22, 2010
 Closed by Georgia Department of Banking and Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Morris Bank, Dublin, Georgia
$29.4 million
$26.7 million
Progress Bank of Florida, Tampa, FL
October 22, 2010
 Closed by Florida Office of Financial Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bay Cities Bank, Tampa, Florida
$110.7 million
$101.3 million
First Bank of Jacksonville, Jacksonville, FL
October 22, 2010
 Closed by Florida Office of Financial Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia
$81.0 million
$77.3 million
Premier Bank, Jefferson City, MO
October 15, 2010
 Closed by Missouri Division of Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Providence Bank, Columbia, Missouri
$1.18 billion
$1.03 billion
WestBridge Bank and Trust Company, Chesterfield, MO
October 15, 2010
 Closed by Missouri Division of Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Midland States Bank, Effingham, Illinois
$91.5 million
$72.5 million
Security Savings Bank, F.S.B., Olathe, KS
October 15, 2010
 Closed by Office of Thrift Supervision and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Simmons First National Bank, Pine Bluff, Arkansas

$508.4 million

$397.0 million
Shoreline Bank, Shoreline, WA
October 1, 2010
 Closed by Washington Department of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with GBC International Bank, Los Angeles, California
$104.2 million
$100.2 million
Wakulla Bank, Crawfordville, FL
October 1, 2010
 Closed by Florida Office of Financial Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas
$424.1 million
$386.3 million
North County Bank, Arlington, WA
September 24, 2010
 Closed by Office of Thrift Supervision and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with North Shore Bank, FSB, Brookfield, Wisconsin
$288.8 million
$276.1 million
Haven Trust Bank Florida, Ponte Vedra Beach, FL
September 24, 2010
 Closed by Florida Office of Financial Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Southern Bank, Boca Raton, Florida
$148.6 million
$133.6 million
Maritime Savings Bank, West Allis, WI
September 17, 2010
 Closed by Office of Thrift Supervision and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with North Shore Bank, FSB, Brookfield, Wisconsin
$350.5 million
$248.1 million
Bramble Savings Bank, Milford, OH
September 17, 2010
 Closed by Ohio Division of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Foundation Bank, Cincinnati, Ohio
$47.5 million
$41.6 million
The Peoples Bank, Winder, GA
September 17, 2010
 Closed by Georgia Department of Banking and Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia
$447.2 million
$398.2 million
First Commerce Community Bank, Douglasville, GA
September 17, 2010
 Closed by Georgia Department of Banking and Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia
$248.2 million
$242.8 million
Bank of Ellijay, Ellijay, GA
September 17, 2010
 Closed by Georgia Department of Banking and Finance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia
$168.8 million
$160.7 million
ISN Bank, Cherry Hill, NJ
September 17, 2010
 Closed by New Jersey Department of Banking and Insurance and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with New Century Bank (doing business as Customers Bank), Phoenixville, Pennsylvania
$81.6 million
$79.7 million
Horizon Bank, Bradenton, FL
September 10, 2010
 Closed by Florida Office of Financial Regulation and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bank of the Ozarks, Little Rock, Arkansa
$187.8 million
$164.6 million
Sonoma Valley Bank, Sonoma, CA
August 20, 2010
 Closed by California Department of Financial Institutions and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Westamerica Bank, San Rafael, California
$337.1 million
$255.5 million
Los Padres Bank, Solvang, CA
August 20, 2010
 Closed by Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Pacific Western Bank, San Diego, California
$870.4 million
$770.7 million
Butte Community Bank, Chico, CA
August 20, 2010
 Closed by California Department of Financial Institutions, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Rabobank, National Association, El Centro, California
$498.8 million
$471.3 million
Pacific State Bank, Stockton, CA,
August 20, 2010
 Closed by California Department of Financial Institutions, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Rabobank, National Association, El Centro, California
$312.1 million
$278.8 million
ShoreBank, Chicago, IL
August 20, 2010
 Closed by Illinois Department of Financial and Professional Regulation, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Urban Partnership Bank, Chicago, Illinois, a newly-chartered institution
$2.16 billion
$1.54 billion
Imperial Savings and Loan Association, Martinsville, VA
August 20, 2010
 Closed by Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with River Community Bank, National Association, Martinsville, Virginia
$9.4 million
$10.1 million
Independent National Bank, Ocala, FL
August 20, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with CenterState Bank of Florida, National Association, Winter Haven, Florida
$156.2 million
$141.9 million
Community National Bank at Bartow, Bartow, FL
August 20, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with CenterState Bank of Florida, National Association, Winter Haven, Florida
$67.9 million
$63.7 million
Palos Bank and Trust Company, Palos Heights, IL
August 13, 2010
 Closed by Illinois Department of Financial and Professional Regulation – Division of Banking, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Midwest Bank, Itasca, Illinois
$493.4 million
$467.8 million
Ravenswood Bank, Chicago, IL
August 6, 2010
 Closed by Illinois Department of Financial and Professional Regulation – Division of Banking, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Northbrook Bank and Trust Company, Northbrook, Illinois
$264.6 million
$269.5 million
LibertyBank, Eugene, OR
July 30, 2010
 Closed by Oregon Division of Finance and Corporate Securities, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Home Federal Bank, Nampa, Idaho
$768.2 million
$718.5 million
The Cowlitz Bank, Longview, WA
July 30, 2010
 Closed by Washington Department of Financial Institutions, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Heritage Bank, Olympia, Washington
$529.3 million
$513.9 million
Coastal Community Bank, Panama City Beach, FL
July 30, 2010
 Closed by Florida Office of Financial Regulation, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas
$372.9 million
$363.2 million
Bayside Savings Bank, Port Saint Joe, FL
July 30, 2010
 Closed by Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas
$66.1 million
$52.4 million
NorthWest Bank & Trust, Acworth, GA
July 30, 2010
 Closed by Georgia Department of Banking and Finance, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Macon, Georgia
$167.7 million
$159.4 million
Home Valley Bank, Cave Junction, OR
July 23, 2010
 Closed by Oregon Department of Consumer and Business Services, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with South Valley Bank & Trust, Klamath Falls, Oregon
$251.8 million
$229.6 million
SouthwestUSA Bank, Las Vegas, NV
July 23, 2010
 Closed by Nevada Financial Institutions Division, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Plaza Bank, Irvine, California
$214.0 million
$186.7 million
Community Security Bank, New Prague, MN
July 23, 2010
 Closed by Minnesota Department of Commerce, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Roundbank, Waseca, Minnesota
$108.0 million
$99.7 million
Thunder Bank, Sylvan Grove, KS
July 23, 2010
 Closed by Kansas Office of the State Bank Commissioner, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with The Bennington State Bank, Salina, Kansas
$32.6 million
$28.5 million
Williamsburg First National Bank, Kingstree, SC
July 23, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Citizens Bank and Trust Company, Inc., Columbia, South Carolina
$139.3 million
$134.3 million
Crescent Bank and Trust Company, Jasper, GA
July 23, 2010
 Closed by Georgia Department of Banking & Finance, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Renasant Bank, Tupelo, Mississippi
$1.01 billion
$965.7 million
Sterling Bank, Lantana, FL
July 23, 2010
 Closed by Florida Office of Financial Regulation, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with IBERIABANK, Lafayette, Louisiana
$407.9 million
$372.4 million
MainStreet Savings Bank, FSB, Hastings, MI
July 16, 2010
 Closed by Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Commercial Bank, Alma, Michigan
$97.4 million
$63.7 million
Olde Cypress Community Bank, Clewiston, FL
July 16, 2010
 Closed by Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with CenterState Bank of Florida, National Association, Winter Haven, Florida
$168.7 million
$162.4 million
Turnberry Bank, Aventura, FL
July 16, 2010
 Closed by Office of the Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with NAFH National Bank, Miami, Florida, a newly-chartered bank subsidiary of North American Financial Holdings, Inc., Charlotte, North Carolina
$263.9 million
$196.9 million
Metro Bank of Dade County, Miami, FL
July 16, 2010
 Closed by Office of the Florida Office of Financial Regulation, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with NAFH National Bank, Miami, Florida, a newly-chartered bank subsidiary of North American Financial Holdings, Inc., Charlotte, North Carolina
$442.3 million
$391.3 million
First National Bank of the South, Spartanburg, SC
July 16, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with NAFH National Bank, Miami, Florida, a newly-chartered bank subsidiary of North American Financial Holdings, Inc., Charlotte, North Carolina
$682.0 million
$610.1 million
Woodlands Bank, Bluffton, SC
July 16, 2010
 Closed by Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bank of the Ozarks, Little Rock, Arkansas
$376.2 million
$355.3 million
Home National Bank, Blackwell, OK
July 9, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with RCB Bank, Claremore, Oklahoma
$644.5 million
$560.7 million
USA Bank, Port Chester, NY
July 9, 2010
 Closed by New York State Banking Department, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with New Century Bank (doing business as Customer's 1st Bank), Phoenixville, Pennsylvania
$193.3 million
$189.9 million
Ideal Federal Savings Bank, Baltimore, MD
July 9, 2010
 Closed by Office of Thrift Supervision, and FDIC appointed Receiver of this failed bank. Unable to find another financial institution to take over the banking operations, FDIC approved the payout of the insured deposits of Ideal Federal Savings Bank
$6.3 million
$5.8 million
Bay National Bank, Baltimore, MD
July 9, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bay Bank, FSB, Lutherville, Maryland
$282.2 million
$276.1 million
High Desert State Bank, Albuquerque, NM
June 25, 2010
 Closed by New Mexico Financial Institutions Division, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First American Bank, Artesia, New Mexico
$80.3 million
$81.0 million
First National Bank, Savannah, GA
June 25, 2010
 Closed by Comptroller of the Currency, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with The Savannah Bank, National Association, Savannah, Georgia
$252.5 million
$231.9 million
Peninsula Bank, Englewood, FL
June 25, 2010
 Closed by Florida Division of Financial Institutions, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Premier American Bank, Miami, Florida
$644.3 million
$580.1 million
Nevada Security Bank, Reno, Nevada
June 18, 2010
 Closed by Nevada Financial Institutions Division, and FDIC appointed Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Umpqua Bank, Roseburg, Oregon
$480.3 million
$479.8 million
Washington First International Bank, Seattle, WA
June 11, 2010
 Closed by Washington Department of Financial Institutions, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with East West Bank, Pasadena, California
$520.9 million
$441.1 million
TierOne Bank, Lincoln, NE
June 4, 2010
 Closed by Office of Thrift Supervision, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Great Western Bank, Sioux Falls, South Dakota
$2.8 billion
$2.2 billion
Arcola Homestead Savings Bank, Arcola, IL
June 4, 2010
 Closed by Illinois Department of Financial Professional Regulation – Division of Banking, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC approved the payout of the insured deposits of Arcola Homestead Savings Bank
$17.0 million
$18.1 million
First National Bank, Rosedale MS
June 4, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with The Jefferson Bank, Fayette, Mississippi
$60.4 million
$63.5 million
Sun West Bank, Las Vegas, NV
May 28, 2010
 Closed by Nevada Financial Institutions Division, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with City National Bank, Los Angeles, California
$360.7 million
$353.9 million
Granite Community Bank, NA, Granite Bay, CA
May 28, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Tri Counties Bank, Chico, California
$102.9 million
$94.2 million
Bank of Florida - Tampa, Tampa, FL
May 28, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with EverBank, Jacksonville, Florida to acquire the operations of all 3 Florida-based institutions.
$245.2 million
$224.0 million
Bank of Florida - Southwest, Naples, FL
May 28, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with EverBank, Jacksonville, Florida to acquire the operations of all 3 Florida-based institutions.
$640.9 million
$559.9 million
Bank of Florida - Southeast, Fort Lauderdale, FL
May 28, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with EverBank, Jacksonville, Florida to acquire the operations of all 3 Florida-based institutions.
$595.3 million
$531.7 million
Pinehurst Bank, Saint Paul, MN
May 21, 2010
 Closed by Minnesota Department of Commerce, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Coulee Bank, La Crosse, Wisconsin
$61.2 million
$58.3 million
Midwest Bank and Trust Company, Elmwood Park, IL
May 14, 2010
 Closed by Illinois Department of Financial Professional Regulation – Division of Banking, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Firstmerit Bank, National Association, Akron, Ohio
$3.17 billion
$2.42 billion
Southwest Community Bank, Springfield, MO
May 14, 2010
 Closed by Missouri Division of Finance, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Simmons First National Bank, Pine Bluff, Arkansas
$96.6 million
$102.5 million
New Liberty Bank, Plymouth, MI
May 14, 2010
 Closed by Michigan Office of Financial and Insurance Regulation, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bank of Ann Arbor, Ann Arbor, Michigan
$109.1 million
$101.8 million
Satilla Community Bank, Saint Marys, GA
May 14, 2010
 Closed by Georgia Department of Banking and Finance, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia
$135.7 million
$134.0 million
1st Pacific Bank of California, San Diego, CA
May 7, 2010
 Closed by California Department of Financial Institutions, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with City National Bank, Los Angeles, California
$335.8 million
$291.2 million
Towne Bank of Arizona, Mesa, AZ
May 7, 2010
 Closed by Arizona Department of Financial Institutions, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Commerce Bank of Arizona, Tucson, Arizona
$120.2 million
$113.2 million
Access Bank, Champlin, MN
May 7, 2010
 Closed by Minnesota Department of Commerce, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with PrinsBank, Prinsburg, Minnesota
$32.0 million
$32..0 million
The Bank of Bonifay, Bonifay, FL
May 7, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Federal Bank of Florida, Lake City, Florida
$242.9 million
$230.2 million
Frontier Bank, Everett, WA
April 30, 2010
 Closed by Washington Department of Financial Institutions, and FDIC named Receiver of this failed bank. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Union Bank, National Association, San Francisco, California
$3.50 billion
$3.13 billion
BC National Banks, Butler, MO
April 30, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Community First Bank, Butler, Missouri
$67.2 million
$54.9 million
Champion Bank, Creve Coeur, MO
April 30, 2010
 Closed by Missouri Division of Finance, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with BankLiberty, Liberty, Missouri
$187.3 million
$153.8 million
CF Bancorp, Port Huron, MI
April 30, 2010
 Closed by Michigan Office of Financial and Insurance Regulation, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Michigan Bank, Troy, Michigan
$1.65 billion
$1.43 billion
Westernbank Puerto Rico, Mayaguez, PR
April 30, 2010
 Closed by Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Banco Popular de Puerto Rico, San Juan, Puerto Rico
$11.94 billion
$8.62 billion
R-G Premier Bank of Puerto Rico, Hato Rey, PR
April 30, 2010
 Closed by Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Scotiabank de Puerto Rico, San Juan, Puerto Rico
$5.92 billion
$4.25 billion
Eurobank, San Juan, PR
April 30, 2010
 Closed by Office of the Commissioner of Financial Institutions of the Commonwealth of Puerto Rico, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Oriental Bank and Trust, San Juan, Puerto Rico
$2.56 billion
$1.97 billion
Wheatland Bank, Naperville, IL
April 23, 2010
 Closed by Illinois Department of Financial and Professional Regulation – Division of Banking, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Wheaton Bank & Trust, Wheaton, Illinois
$437.2 million
$438.5 million
Peotone Bank and Trust Company, Peotone, IL
April 23, 2010
 Closed by Illinois Department of Financial and Professional Regulation – Division of Banking, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Midwest Bank, Itasca, Illinois
$130.2 million
$127.0 million
Lincoln Park Savings Bank, Chicago, IL
April 23, 2010
 Closed by Illinois Department of Financial and Professional Regulation – Division of Banking, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Northbrook Bank and Trust Company, Northbrook, Illinois
$199.9 million
$171.5 million
New Century Bank, Chicago, IL
April 23, 2010
 Closed by Illinois Department of Financial and Professional Regulation — Division of Banking, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with MB Financial Bank, National Association, Chicago, Illinois
$485.6 million
$492.0 million
Citizens Bank and Trust Company of Chicago, Chicago, IL
April 23, 2010
 Closed by Illinois Department of Financial and Professional Regulation — Division of Banking, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Republic Bank of Chicago, Oak Brook, Illinois
$77.3 million
$74.5 million
Broadway Bank, Chicago, IL
April 23, 2010
 Closed by Illinois Department of Financial and Professional Regulation — Division of Banking, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with MB Financial Bank, National Association, Chicago, Illinois
$1.2 billion
$1.1 billion
Amcore Bank, National Association, Rockford, IL
April 23, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Harris National Association, Chicago, Illinois
$3.8 billion
$3.4 billion
City Bank, Lynnwood, WA
April 16, 2010
 Closed by Washington Department of Financial Institutions, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Whidbey Island Bank, Coupeville, Washington
$1.13 billion
$1.02 billion
Tamalpais Bank, San Rafael, CA
April 16, 2010
 Closed by California Department of Financial Institutions, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Union Bank, National Association, San Francisco, California
$628.9 million
$487.6 million
Innovative Bank, Oakland, CA
April 16, 2010
 Closed by California Department of Financial Institutions, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Center Bank, Los Angeles, California
$268.9 million
$225.2 million
Butler Bank, Lowell, MA
April 16, 2010
 Closed by Massachusetts Division of Banks, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with People's United Bank, Bridgeport, Connecticut
$268.0 million
$233.2 million
Riverside National Bank of Florida, Fort Pierce, FL
April 16, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. To protect insured depositors, all deposit accounts have been transferred to TD Bank, National Association, Wilmington, DE
$3.42 billion
$2.76 billion
AmericanFirst Bank, Clermont, FL
April 16, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver. To protect insured depositors, all deposit accounts have been transferred to TD Bank, National Association, Wilmington, DE
$90.5 million
$81.9 million
First Federal Bank of North Florida, Palatka, FL
April 16, 2010
 Closed by Office of Thrift Supervision, and FDIC named Receiver. To protect insured depositors, all deposit accounts have been transferred to TD Bank, National Association, Wilmington, DE
$393.3 million
$324.2 million
Lakeside Community Bank, Sterling Heights, MI
April 16, 2010
 Closed by Michigan Office of Financial and Insurance Regulation, and FDIC named Receiver. FDIC was unable to find another financial institution to take over the banking operations, and approved the payout of the insured deposits of Lakeside.
$53.0 million
$52.3 million
Beach First National Bank, Myrtle Beach, SC
April 9, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina
$585.1 million
$516.0 million
Desert Hills Bank, Phoenix, AZ
March 26, 2010
 Closed by Arizona Department of Financial Institutions, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with New York Community Bank, Westbury, New York
$496.6 million
$426.5 million
Unity National Bank, Cartersville, GA
March 26, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bank of the Ozarks, Little Rock, Arkansas
$292.2 million
$264.3 million
Key West Bank, Key West, FL
March 26, 2010
 Closed by Office of Thrift Supervision, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas
$88.0 million
$66.7 million
McIntosh Commercial Bank, Carrollton, GA
March 26, 2010
 Closed by Georgia Department of Banking and Finance, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with CharterBank, West Point, Georgia
$362.9 million
$343.3 million
State Bank of Aurora, Aurora, MN
March 19, 2010
 Closed by Minnesota Department of Commerce, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Northern State Bank, Ashland, Wisconsin
$28.2 million
$27.8 million
First Lowndes Bank, Fort Deposit, AL
March 19, 2010
 Closed by Alabama Banking Department, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with First Citizens Bank, Luverne, Alabama
$137.2 million
$131.1 million
Bank of Hiawassee, Hiawassee, GA
March 19, 2010
 Closed by Georgia Department of Banking and Finance, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Citizens South Bank, Gastonia, North Carolina
$377.8 million
$339.6 million
Appalachian Community Bank, Ellijay, GA
March 19, 2010
 Closed by Georgia Department of Banking and Finance, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia
$1.01 billion
$917.6 million
Advanta Bank Corp., Draper, UT
March 19, 2010
 Closed by Utah Department of Financial Institutions, and FDIC named Receiver. FDIC was unable to find another financial institution to take over the banking operations, and approved the payout of the insured deposits of Advanta Bank Corp.
$1.6 billion
$1.5 billion
Century Security Bank, Duluth, GA
March 19, 2010
 Closed by Georgia Department of Banking and Finance, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Bank of Upson, Thomaston, Georgia
$96.5 million
$94.0 million
American National Bank, Parma, OH
March 19, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with The National Bank and Trust Company, Wilmington, Ohio
$70.3 million
$66.8 million
Statewide Bank, Covington, LA
March 12, 2010
 Closed by Louisiana Office of Financial Institutions, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Home Bank, Lafayette, Louisiana
$243.2 million
$208.8 million
Old Southern Bank, Orlando, FL
March 12, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver. To protect insured depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas
$315.6 million
$319.7 million
The Park Avenue Bank, New York, NY
March 12, 2010
 Closed by New York State Banking Department, and FDIC named Receiver. To protect insured depositors, FDIC entered into a purchase and assumption agreement with Valley National Bank, Wayne, New Jersey
$520.1 million
$494.5 million
LibertyPointe Bank, New York, NY
March 11, 2010
 Closed by New York State Banking Department, and FDIC named Receiver. To protect insured depositors, FDIC entered into a purchase and assumption agreement with Valley National Bank, Wayne, New Jersey
$209.7 million
$209.5 million
Centennial Bank, Ogden, UT
March 5, 2010
 Closed by Utah Department of Financial Institutions, and FDIC named Receiver. To protect insured depositors, FDIC entered into a purchase and assumption agreement with Zions First National Bank, Salt Lake City, Utah
$215.2 million
$205.1 million
Waterfield Bank, Germantown, MD
March 5, 2010
 Closed by Office of Thrift Supervision, and FDIC named Receiver. To protect insured depositors, the FDIC created Waterfield Bank, FA—a new depository institution—to take over the operations of Waterfield Bank. The new institution will remain open until April 5, 2010
$155.6 million
$156.4 million
Bank of Illinois, Normal, IL
March 5, 2010
 Closed by Illinois Department of Financial Professional Regulation – Division of Banking, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Heartland Bank and Trust Company, Bloomington, Illinois
$211.7 million
$198.5 million
Sun American Bank, Boca Raton, FL
March 5, 2010
 Closed by Florida Office of Financial Regulation, Financial Institutions Division, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company, Raleigh, North Carolina
$535.7 million
$443.5 million
Rainier Pacific Bank, Tacoma, WA
February 26, 2010
 Closed by Washington Department of Financial Institutions, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Umpqua Bank, Roseburg, Oregon
$717.8 million
$446.2 million
Carson River Community Bank, Carson City, NV
February 26, 2010
 Closed by Nevada Department of Business and Industry, Financial Institutions Division, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Heritage Bank of Nevada, Reno, Nevada
$51.1 million
$50.0 million
La Jolla Bank, FSB, La Jolla, CA
February 19, 2010
 Closed by Office of Thrift Supervision, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with OneWest Bank, FSB, Pasadena, California
$3.6 billion
$2.8 billion
George Washington Savings Bank, Orland Park, IL
February 19, 2010
 Closed by Illinois Department of Financial Professional Regulation – Division of Banking, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with FirstMerit Bank, National Association, Akron, Ohio
$412.8 million
$397.0 million
The La Coste National Bank, La Coste, TX
February 19, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Community National Bank, Hondo, Texas
$53.9 million
$49.3 million
Marco Community Bank, Marco Island, FL
February 19, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Mutual of Omaha Bank, Omaha, Nebraska
$119.6 million
$117.1 million
1st American State Bank of Minnesota, Hancock, MN
February 5, 2010
 Closed by Minnesota Department of Commerce, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Community Development Bank, FSB, Ogema, Minnesota
$18.2 million
$16.3 million
American Marine Bank, Bainbridge Island, WA
January 29, 2010
 Closed by Washington Department of Financial Institutions, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma, Washington
$373.2 million
$308.5 million
First Regional Bank, Los Angeles, CA
January 29, 2010
 Closed by California Department of Financial Institutions, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company, Raleigh, North Carolina
$2.18 billion
$1.87 billion
Community Bank and Trust, Cornelia, GA
January 29, 2010
 Closed by Georgia Department of Banking and Finance, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with SCBT, N.A., Orangeburg, South Carolina
$1.21 billion
$1.11 billion
Marshall Bank, N.A., Hallock MN
January 29, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with United Valley Bank, Cavalier, North Dakota
$59.9 million
$54.7 million
Florida Community Bank, Immokalee, FL
January 29, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Premier American Bank, National Association, Miami, Florida
$875.5 million
$795.5 million
First National Bank of Georgia, Carrollton, GA
January 29, 2010
 Closed by Office of the Comptroller of the Currency, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia, a newly chartered institution
$832.6 million
$757.9 million
Columbia River Bank, The Dalles, OR
January 22, 2010
 Closed by Oregon Division of Finance and Corporate Securities, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Columbia State Bank, Tacoma, Washington
$1.1 billion
$1.0 billion
Evergreen Bank, Seattle, WA
January 22, 2010
 Closed by Washington Department of Financial Institutions, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Umpqua Bank, Roseburg, Oregon
$488.5 million
$439.4 million
Charter Bank, Santa Fe, NM
January 22, 2010
 Closed by Office of Thrift Supervision, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Charter Bank, Albuquerque, New Mexico, a newly-chartered federal savings bank and a subsidiary of Beal Financial Corporation, Plano, Texas
$1.2 billion
$851.5 million
Bank of Leeton, Leeton, MO
January 22, 2010
 Closed by Missouri Division of Finance, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Sunflower Bank, National Association, Salina, Kansas
$20.1 million
$20.4 million
Premier American Bank, Miami, FL
January 22, 2010
 Closed by Florida Office of Financial Regulation, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Premier American Bank N.A., a newly-chartered national institution, to assume all of the deposits of Premier American Bank. Premier American Bank, N.A. is a subsidiary of Bond Street Holdings, LLC, Naples, Florida.
$350.9 million
$326.3 million
Barnes Banking Company, Kaysville, UT
January 15, 2010
 Closed by Utah Department of Financial Institutions, and FDIC named Receiver. FDIC created the Deposit Insurance National Bank of Kaysville (DINB), which will remain open until February 12, 2010
$827.8 million
$786.5 million
St. Stephen State Bank, St. Stephen, MN
January 15, 2010
 Closed by Minnesota Department of Commerce, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with First State Bank of St. Joseph, St. Joseph, Minnesota
$24.7 million
$23.4 million
Town Community Bank & Trust, Antioch, IL
January 15, 2010
 Closed by Illinois Department of Financial Professional Regulation, Division of Banking, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with First American Bank, Elk Grove Village, Illinois
$69.6 million
$67.4 million
Horizon Bank, Bellingham, WA
January 08, 2010
 Closed by Washington State Department of Financial Institutions, and FDIC named Receiver. FDIC entered into a purchase and assumption agreement with Washington Federal Savings and Loan Association, Seattle, Washington
$1.3 billion
$1.1 billion

Other Bank Failure References:
Wall Street Journal: Banks That Went Bust

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