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2009 List of Failed U.S. Banks

March 23, 2009 | Banking | No Comments

Below is a list of U.S. banks that have failed since the beginning of this year (2009).

Most of the banks listed were acquired by other banks.  The cost to the Deposit Insurance Fund (DIF), where the FDIC promises to reimburse customers (now $250,000 per account) is listed in the right column.  This list is expected to grow a lot longer before the end of the year!

See Video: How the FDIC Takes Over a Failed Bank

2009 List of Failed U.S. Banks

Failed bank Date closed Acquired by Estimated cost to DIF ($millions)
National Bank of Commerce, Berkely, IL 1/16/2009 Republic Bank of Chicago, Oak Brook, IL $97.1
Bank of Clark County, Vancouver, WA 1/16/2009 Umpqua Bank, Roseburg, OR $120 – $145
1st Centennial Bank, Redlands, CA 1/23/2009 First California Bank, Westlake Village, CA $227
Magnet Bank, Salt Lake City, UT 1/30/2009 FDIC $119.4
Suburban FSB, Crofton, MD 1/30/2009 Bank of Essex $126
Ocala NB, Ocala, FL 1/30/2009 CenterState Bank of FL, Winter Haven, FL $99.6
FirstBank Financial Services, McDonough, GA 2/6/2009 Regions Bank, Birmingham, AL $111
Alliance Bank, Culver City, CA 2/6/2009 California Bank & Trust, San Diego, CA $206
County Bank, Merced, CA 2/6/2009 Westamerica Bank, San Rafael, CA $135
Sherman County Bank, Loup City, NE 2/13/2009 Heritage Bank, Wood River, NE $28
Riverside Bank of the Gulf Coast, Cape Coral, FL 2/13/2009 TIB Bank, Naples, FL $201.5
Corn Belt Bank & Trust, Pittsfield, IL 2/13/2009 Carlinville National Bank, Carlinville, IL $100
Pinnacle Bank, Beaverton, OR 2/13/2009 Washington Trust Bank, Spokane, WA $12.1
Silver Falls Bank, Silverton, OR 2/20/2009 Citizens Bank, Corvallis, OR $50
Heritage Community Bank, Glenwood, IL 2/27/2009 MB Financial Bank, N.A., Chicago, IL $41.6
Security Savings Bank, Henderson, NV 2/27/2009 Bank of Nevada, Las Vegas, NV $59.1
Freedom Bank of Georgia, Commerce, GA 3/6/2009 Northeast Georgia Bank, Lavonia, GA $36.2
Teambank, N.A., Paola, KA 3/20/2009 Great Southern Bank, Springfield, MO $98
Colorado National Bank, Colorado Springs, CO 3/20/2009 Herring Bank, Amarillo, TX $9
FirstCity Bank, Stockbridge, GA 3/20/2009 FDIC $100
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