FDIC Bank Failure & Watch List

The Federal Deposit Insurance Corporation is a United States government corporation created in 1933. It provides deposit insurance which guarantees the safety of checking and savings deposits in member banks, currently up to $100,000 per depositor. The vast number of bank failures in the Great Depression spurred the United States Congress to create an institution to guarantee deposits held by commercial banks, inspired by the Commonwealth of Massachusetts and its Depositors Insurance Fund (DIF).

The list includes banks which have failed since October 1, 2000.

Bank Failures in 2009: 21

Bank Failures in 2008: 23

Bank Failure List

Bank Name Closure Date
Omni National Bank, Atlanta, GA March 27, 2009
TeamBank, National Association, Paola, KS March 20, 2009
Colorado National Bank, Colorado Springs, CO March 20, 2009
FirstCity Bank, Stockbridge, GA March 20, 2009
Freedom Bank of Georgia, Commerce, GA March 6, 2009
Security Savings Bank, Henderson, NV February 27, 2009
Heritage Community Bank, Glenwood, IL February 27, 2009
Silver Falls Bank, Silverton, OR February 20, 2009
Pinnacle Bank of Oregon – Beaverton, OR February 13, 2009
Corn Belt Bank and Trust Company – Pittsfield, IL February 13, 2009
Riverside Bank of the Gulf Coast – Cape Coral, FL February 13, 2009
Sherman County Bank – Loup City, NE February 13, 2009
County Bank – Merced, CA February 6, 2009
Alliance Bank – Culver City, CA February 6, 2009
FirstBank Financial Services – McDonough, GA February 6, 2009
Ocala National Bank – Ocala, FL January 30, 2009
Suburban Federal Savings Bank – Crofton, MD January 30, 2009
MagnetBank – Salt Lake City, UT January 30, 2009
1st Centennial Bank January 23, 2009
Bank of Clark County January 16, 2009
National Bank of Commerce January 16, 2009
Sanderson State Bank December 12, 2008
Haven Trust Bank December 12, 2008
First Georgia Community Bank December 5, 2008
PFF Bank and Trust November 21, 2008
Downey Savings and Loan November 21, 2008
The Community Bank November 21, 2008
Security Pacific Bank November 7, 2008
Franklin Bank, SSB November 7, 2008
Freedom Bank October 31, 2008
Alpha Bank & Trust, Alpharetta October 24, 2008
Meridian Bank, Eldred October 10, 2008
Main Street Bank, Northville October 10, 2008
Washington Mutual Bank & Washington Mutual Bank FSB September 25, 2008
Ameribank September 18, 2008
Silver State Bank September 5, 2008
Integrity Bank August 29, 2008
The Columbian Bank and Trust August 22, 2008
First Priority Bank August 1, 2008
First Heritage Bank July 25, 2008
First National Bank of Nevada July 25, 2008
IndyMac Bank July 11, 2008
First Integrity Bank, NA May 30, 2008
ANB Financial, NA May 9, 2008
Hume Bank March 7, 2008
Douglass National Bank January 25, 2008
Miami Valley Bank October 4, 2007
NetBank September 28, 2007
Metropolitan Savings Bank February 2, 2007
Bank of Ephraim June 25, 2004
Reliance Bank March 19, 2004
Guaranty National Bank of Tallahassee March 12, 2004
Dollar Savings Bank February 14, 2004
Pulaski Savings Bank November 14, 2003
The First National Bank of Blanchardville May 9, 2003
Southern Pacific Bank February 7, 2003
The Farmers Bank of Cheneyville December 17, 2002
The Bank of Alamo November 8, 2002
AmTrade International Bank of Georgia September 30, 2002
Universal Federal Savings Bank June 27, 2002
Connecticut Bank of Commerce June 26, 2002
New Century Bank March 28, 2002
Net 1st National Bank March 1, 2002
NextBank, N.A February 7, 2002
Oakwood Deposit Bank Company February 1, 2002
Bank of Sierra Blanca January 18, 2002
Hamilton Bank, N.A. January 11, 2002
Sinclair National Bank September 7, 2001
Superior Bank, FSB July 27, 2001
The Malta National Bank May 3, 2001
First Alliance Bank & Trust Company February 2, 2001
National State Bank of Metropolis December 14, 2000
Bank of Honolulu October 13, 2000

Bank Watch List

The FDIC does not publish their watch list of failing banks or troubled institutions. However, private companies do publish ratings on banks. For a complete list of these companies, including contact information and website information.

http://www.fdic.gov/bank/individual/bank/index.html

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