Losses estimated to be nearly $10 Billion to the FDIC for bank failures in April

The phrase, “in like a lamb — and out like a lion” usually refers to the weather during the month of March. But the storm of US bank failures continue to roar its way through April like a lion on the rampage bringing the total of failed banks to 64 for the year.

Twenty-three more US banks found their way to failure during the month of April and the FDIC estimates its losses to be nearly $10 billion for the month. With 2010 in the record books, the total estimated loss to the FDIC and its member banks is estimated at nearly $18 billion. The April results represent nearly a 40% increase over the same month a year ago. The bank failure storm shows few signs of coming to an end.

The following is a list of the banks that failed during the month.

in Millions	Name of Bank	City	State
$3,310	Westernbank Puerto Rico	Mayaguez	PR
$1,370	Frontier Bank	Everett	WA
$1,230	R-G Premier Bank of Puerto Rico	Hato Rey	PR
$744	Eurobank	San Juan	PR
$615	CF Bancorp	Port Huron	MI
$492	Riverside National Bank of Florida	Fort Pierce	FL
$394	Broadway Bank	Chicago	IL
$323	City Bank	Lynnwood	WA
$220	Amcore Bank, National Association	Rockford	IL
$133	Wheatland Bank	Naperville	IL
$130	Beach First National Bank	Myrtle Beach	SC
$125	New Century Bank	Chicago	IL
$81	Tamalpais Bank	San Rafael	CA
$53	Champion Bank	Creve Coeur	MO
$48	Lincoln Park Savings Bank	Chicago	IL
$38	Innovative Bank	Oakland	CA
$32	Peotone Bank and Trust Company	Peotone	IL
$23	Butler Bank	Lowell	MA
$21	Citizens Bank and Trust Company of Chicago	Chicago	IL
$11	BC National Banks	Butler	MO
$11	Lakeside Community Bank	Sterling Heights	MI
$11	AmericanFirst Bank	Clermont	FL
$6	First Federal Bank of North Florida	Palatka	FL
$9,422