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2010 List of bank failures by state – Largest losses Puerto Rico

Craig — Sat, 12 Feb 2011 01:50:54 +0000

This list has been a long time in coming… but no matter how you count them… 2010 was the year of the bank failure. Here’s a list of the failed banks sorted by state (including the Common Wealth of Puerto Rico – which had the largest bank failures of all U.S. territories during the year). Total estimated loses to the FDIC’s insurance fund is estimated to be nearly $24 billion in 2010.

State	Count Failures	Sum of Losses in Millions	% of Loss
FL	26	$2,206	9.28%
GA	18	$3,007	12.65%
IL	16	$2,039	8.58%
WA	10	$3,056	12.86%
CA	9	$1,975	8.31%
MN	8	$70	0.29%
MO	6	$527	2.22%
MI	5	$753	3.17%
AZ	4	$225	0.95%
MD	4	$265	1.12%
NV	4	$260	1.09%
SC	4	$329	1.38%
CA	3	$60	0.25%
FL	3	$204	0.86%
GA	3	$227	0.95%
KS	3	$416	1.75%
NY	3	$137	0.58%
OR	3	$499	2.10%
PR	3	$5,284	22.23%
UT	3	$1,003	4.22%
NM	2	$223	0.94%
PA	2	$37	0.16%
NJ	1	$24	0.10%
OH	1	$15	0.06%
WA	1	$73	0.31%
WI	1	$84	0.35%
AL	1	$137	0.58%
AR	1	$23	0.10%
LA	1	$38	0.16%
MA	1	$23	0.10%
MS	1	$13	0.05%
NE	1	$298	1.25%
OH	1	$17	0.07%
OK	1	$79	0.33%
TX	1	$4	0.02%
VA	1	$4	0.01%
WI	1	$143	0.60%
Grand Total	157	$23,773	100.00%

Bank failures continue at a staggering pace – Year-to-date total more then $18 Billion

Craig — Sun, 20 Jun 2010 21:14:45 +0000

$838 million in losses to the FDIC in May

The bank failure crisis continues. During the month of May, the U.S. lost 14 more banking institutions at an estimate cost to the FDIC $808 million. The nearly 4 times as many banks failed during May 2010 when compared to the May 2009 May failure numbers. The following is a listing of bank failures for the month of May sorted by largest estimated loss to the smallest.

in Millions	Name of Bank	City	State
$216	Midwest Bank and Trust Company	Elmwood Park	IL
$97	Sun West Bank	Las Vegas	NV
$91	Bank of Florida – Southwest	Naples	FL
$88	1st Pacific Bank of California	San Diego	CA
$79	The Bank of Bonifay	Bonifay	FL
$71	Bank of Florida – Southeast	Fort Lauderdale	FL
$42	Towne Bank of Arizona	Mesa	AZ
$40	Bank of Florida – Tampa	Tampa	FL
$31	Satilla Community Bank	Saint Marys	GA
$29	Southwest Community Bank	Springfield	MO
$25	New Liberty Bank	Plymouth	MI
$17	Granite Community Bank, NA	Granite Bay	CA
$6	Pinehurst Bank	Saint Paul	MN
$6	Access Bank	Champlin	MN
$838

The year-to-date bank failure losses are staggering. So far for the year, estimated losses to the FDIC are just over $ billion. Florida is winning the race in terms of total number of failed banks, but Washington state takes the top failure by a state prize with more than $2.7 billion in estimated losses. The common wealth of Puerto Rico has the distinction of being the top loser with more then $5 billion in losses.

Year-to-date loses

States	Est. Losses in Millions	Number of Bankfailures
FL	$1,539.8	13
IL	$1,403.2	11
GA	$2,275.4	8
CA	$1,931.3	6
MN	$47.2	6
WA	$2,766.1	6
MO	$101.2	4
MI	$651.5	3
PR	$5,283.9	3
UT	$1,002.9	3
AZ	$148.5	2
NV	$104.6	2
NY	$75.5	2
AL	$137.2	1
LA	$38.1	1
MA	$22.9	1
MD	$51.0	1
NM	$201.9	1
OH	$17.1	1
OR	$172.5	1
SC	$130.3	1
TX	$3.7	1
Total	$18,105.8	78

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

Craig — Mon, 17 May 2010 22:53:06 +0000

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

This next chart provides a year-to-date listing of the failed banks by state so far for the year.

State	Number of Bank Failures YTD – 2010
IL	10
FL	9
GA	7
WA	6
CA	4
MN	4
MO	3
PR	3
UT	3
MI	2
NY	2
AL	1
AZ	1
LA	1
MA	1
MD	1
NM	1
NV	1
OH	1
OR	1
SC	1
TX	1

106 Banks have failed so far in 2009. Visualize the impact.

Craig — Sat, 24 Oct 2009 13:21:04 +0000

Unfortunately, 2009 has been a banner year for bank closures. So far, 106 banks have failed costing the FDIC billions. The following is an up-to-date list as of October 23, 2009 of the failed banks in the United States as published by the FDIC .

The following Google tool helps to show the dramatic increase. You may want to play around with the settings to get the full impact.

StState Year Total
2000

HI – 1
IL – 1
2000 Total 2

2001

NH – 1
OH – 1
IL – 1
AR – 1
2001 Total 4

2002

FL – 2
AZ – 1
CT – 1
GA – 1
IL – 1
LA – 1
MI – 1
OH – 1
TN – 1
TX – 1
2002 Total 11

2003

CA – 1
PA – 1
WI – 1
2003 Total 3

2004

FL – 1
NJ – 1
NY – 1
UT – 1
2004 Total 4

2007

GA – 1
OH – 1
PA – 1
2007 Total 3

2008

CA – 5
GA – 5
NV – 3
FL – 2
MO – 2
TX – 2
AR – 1
IL – 1
KS – 1
MI – 1
MN – 1
UT – 1
WV – 1
2008 Total 26

2009

GA – 20
IL – 17
CA – 10
FL – 9
MN – 5
AZ – 3
CO – 3
NV – 3
OR – 3
WA – 3
AL – 2
KS – 2
MD – 2
MI – 2
MO – 2
NC – 2
NJ – 2
TX – 2
UT – 2
IA – 1
ID – 1
IN – 1
KY – 1
NE – 1
NY – 1
OH – 1
OK – 1
PA – 1
SD – 1
WI – 1
WY – 1
2009 Total 106

Grand Total 159

Visualization of bank closures 2000-2009

Craig — Sun, 06 Sep 2009 20:19:40 +0000

After many an error message, I’ve finally got a working chart representing bank failures in the United States, by state, by year through September 4, 2009 (if it loads it is pretty dramatic).

The Google Visualization tool sometimes takes awhile to load.

Sate Year Number of Bank Closures

State – Year – Number

2000

HI 2000 1