Bank Failures | The Daily Capitalist

This Week's Bank Closings

Here are the latest bank closings, as announced every Friday by the FDIC:

Statewide Bank, Covington, LA
Old Southern Bank, Orlando, FL
Park Avenue Bank, New York, NY
LibertyPointe Bank, New York, NY

This brings us up to 29 for the year.

Friday Bank Failures

Here are the latest bank failures from the FDIC:

Centennial Bank, Ogden, UT
Waterfield Bank, Germantown, MD
Bank of Illinois, Normal, IL
Sun America Bank, Boca Raton, FL

This brings us up to 25 for the year.

Friday Bank Tombstones

Only 2 banks were closed this week according to the FDIC’s Friday announcements:

Rainier Pacific Bank

Carson River Community Bank

In the Q4 FDIC report:

For the full year, the number of reporting institutions fell from 8,305 to 8,012. Only 31 new charters were added in 2009, the smallest annual total since 1942. Mergers absorbed 179 institutions during the year, and 140 [...]

Latest Bank Closings

Here are the latest bank closings since my last post on this (January 15). There have been 20 closings in 2010.

From FDIC:

La Jolla Bank, FSB, La Jolla, CA
George Washington Savings Bank, Orland Park, IL
The La Coste National Bank, La Coste, TX
Marco Community Bank, Marco Island, FL

From The OCC:

The First National Bank of [...]

Six More Banks Shuttered

The FDIC and OCC announced six more failed banks on Friday:

American Marine Bank, Bainbridge Island, WA
First Regional Bank, Los Angeles, CA
Community Bank & Trust, Cornelia, GA
Marshall Bank, Hallock, MN
Florida Community Bank, Immokalee, FL
First National Bank of Georgia, Carrollton, GA

According to Calculated Risk, there have been 15 closures in 2010, 140 in 2009, and a total [...]

Visualizing Bank Failures

By Jeff Harding.

Bank failures are shown on a map, month by month from 2008 to 2009. Like the unemployment map I posted.

I “borrowed” this from Mish.

From Visualizing Bank Failures (2008-2009)