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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

U.S. banks keep failing. 19 More banks fail in the month of March – YTD Total 41

Craig — Sat, 17 Apr 2010 20:37:20 +0000

Nineteen more U.S. banks failed during the month of March bringing the year-to-date total to 41. The estimated losses for the month were estimated to be more than $3.1 billion. The FDIC is estimating the losses for 2010 at more than $7.8 million. In 2009, only nine banks failed during March – making the 211% increase ever more alarming.

Failed banks — March, 2010

The following is a list of banks that failed during the month of March in no particular order.

in Millions	Name of Bank	City	State
$107	Desert Hills Bank	Phoenix	AZ
$206	Unity National Bank	Cartersville	GA
$76	Key West Bank	Key West	FL
$363	McIntosh Commercial Bank	Carrollton	GA
$21	State Bank of Aurora	Aurora	MN
$137	First Lowndes Bank	Fort Deposit	AL
$233	Bank of Hiawassee	Hiawassee	GA
$799	Appalachian Community Bank	Ellijay	GA
$636	Advanta Bank Corp.	Draper	UT
$29	Century Security Bank	Duluth	GA
$17	American National Bank	Parma	OH
$38	Statewide Bank	Covington	LA
$95	Old Southern Bank	Orlando	FL
$51	The Park Avenue Bank	New York	NY
$25	LibertyPointe Bank	New York	NY
$96	Centennial Bank	Ogden	UT
$51	Waterfield Bank	Germantown	MD
$54	Bank of Illinois	Normal	IL
$104	Sun American Bank	Boca Raton	FL
$3,136	Total

Failed banks by state

Through the end of March, Georgia leads the way with seven failed banks followed by Florida with six and Washington state and Minnesota tied for third with four each.

The Failed Bank Leader Board by State for 2010

State	Number of Failed Banks
GA	7
FL	6
WA	4
MN	4
UT	3
IL	3
NY	2
CA	2
TX	1
OR	1
OH	1
NV	1
NM	1
MO	1
MD	1
LA	1
AZ	1
AL	1

US sees a 28% increase in bank failures through the end of February 2010

Craig — Sun, 07 Mar 2010 16:48:14 +0000

Many recent reports about the US economy seem to suggest things are getting better. However, through the end of February, the US saw a 28% increase in bank failures when compared to the same period a year ago. During February 2009, 10 US banks failed while during February 2010, only seven banks failed.

According to the FDIC.com website, the expected losses for the failed banks total more than $1.1 billion.

Number of failed banks by state through February 28, 2010.

WA 4
FL 3
MN 3
CA 2
GA 2
IL 2
MO 1
NM 1
NV 1
OR 1
TX 1
UT 1
2010 Total 22

Source: FDIC.com

Failed banks in February 2010 – sorted by estimated losses.

$882 La Jolla Bank, FSB La Jolla CA
$141 George Washington Savings Bank Orland Park IL
$95 Rainier Pacific Bank Tacoma WA
$38 Marco Community Bank Marco Island FL
$8 Carson River Community Bank Carson City NV
$4 The La Coste National Bank La Coste TX
$3 1st American State Bank of Minnesota Hancock MN

Source: FDIC.com

15 banks failed in January — estimated losses to be more than $4.2 billion

Craig — Sat, 30 Jan 2010 15:30:01 +0000

Sadly, 2010 looks to be another banner year for bank failures. During the month of January, 15 banks failed in 10 states. The FDIC, entered into loss sharing arrangements or estimates its losses to the insurance fund to be more than $4.2 billion. While the loan sharing arrangements are not direct losses these values represent the potential loss to the partners and the insurance fund.

The following is a list of failed banks for January.

in Millions	Name of Bank	City	State
$828	Community Bank and Trust	Cornelia	GA
$825	First Regional Bank	Los Angeles	CA
$539	Horizon Bank	Bellingham	WA
$380	Evergreen Bank	Seattle	WA
$353	Florida Community Bank	Immokalee	FL
$271	Barnes Banking Company	Kaysville	UT
$260	First National Bank of Georgia	Carrollton	GA
$255	American Marine Bank	Bainbridge Island	WA
$202	Charter Bank	Santa Fe	NM
$173	Columbia River Bank	The Dalles	OR
$85	Premier American Bank	Miami	FL
$24	Marshall Bank, N.A.	Hallock	MN
$18	Town Community Bank & Trust	Antioch	IL
$8	Bank of Leeton	Leeton	MO
$7	St. Stephen State Bank	St. Stephen	MN

Source: FDIC.gov website – Accessed January 30, 2010.

2009 the year of the bank failures. Visualization of US bank failures 2000-2009

Craig — Fri, 01 Jan 2010 23:50:56 +0000

2009 will go down in the record books for many things – bank failures included. During the year 140 banks failed ~~setting a record since the 1930s~~. It appears that the record number of bank failures was recorded in 1989 at 531 bank failures.

State	Number of Banks Closed	% of Total
Georgia	25	17.86%
Illinois	21	15.00%
California	17	12.14%
Florida	14	10.00%
Minnesota	6	4.29%

Eighteen states made it through the year without a single bank failure. These states include:

Alaska, Arkansas, Connecticut, Delaware, Hawaii, Louisiana, Maine, Massachusetts, Mississippi, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Carolina, Tennessee, Vermont and West Virginia.

With the help of Google docs – here’s a visualization of bank failures by state since 2000

Data FDIC.com – Retrieved January, 2010

9 More banks fail on bank failure Friday. The 2009 total now stands at 115 failed banks.

Craig — Sat, 31 Oct 2009 10:17:17 +0000

The addition of 9 more failed banks brings the 2009 total to 115. October 30th’s failure was a single day record for 2009. The pace of bank failures appears to increasing as the recovery begins.

October 30, 2009 Bank Failues

North Houston Bank Houston, TX
Madisonville State Bank Madisonville, TX
Citizens National Bank Teague, TX
Park National Bank Chicago, IL
Pacific National Bank San Francisco, CA
California National Bank Los Angeles, CA
San Diego National Bank San Diego, CA
Community Bank of Lemont Lemont, IL
Bank USA, N.A. Phoenix, AZ

– Source: FDIC.com

All failed banks have been taken over by U.S. Bank.

More banks fail

Nuts & Chocolate Gift Baskets

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