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Bank Failures in Brief
2009

There were 140 bank failures in 2009. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).

December

First Federal Bank of California, F.S.B., Santa Monica, CA with approximately $6.1 billion in assets and approximately $4.5 billion in deposits was closed. OneWest Bank, Pasadena, CA has agreed to assume all deposits. (PR-239-2009)

Imperial Capital Bank, La Jolla, CA with approximately $4.0 billion in assets and approximately $2.8 billion in deposits was closed. City National Bank, Los Angeles, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-238-2009)

Independent Bankers' Bank, Springfield, IL, with approximately $585.5 million in assets and $511.5 million in deposits was closed. The FDIC created a bridge bank, Independent Bankers' Bank Bridge Bank (IBB Bridge Bank, N.A.), to take over operations. (PR-237-2009)

New South Federal Savings Bank, Irondale, AL with approximately $1.5 billion in assets and approximately $1.2 billion in deposits was closed. Beal Bank, Plano, TX has agreed to assume all deposits. (PR-236-2009)

Citizens State Bank, New Baltimore, MI, with approximately $168.6 million in assets and $157.1 million in deposits was closed. Deposit Insurance National Bank of New Baltimore, New Baltimore, MI has agreed to assume insured deposits. (PR-235-2009)

Peoples First Community Bank, Panama City, FL with approximately $1.8 billion in assets and approximately $1.7 billion in deposits was closed. Hancock Bank, Gulfport, MS has agreed to assume all deposits, excluding certain brokered deposits. (PR-234-2009)

RockBridge Commercial Bank, Atlanta, GA, with approximately $294.0 million in assets and approximately $291.7 million in deposits was approved for payout by the FDIC Board of Directors. (PR-233-2009)

SolutionsBank, Overland Park, KS with approximately $511.1 million in assets and approximately $421.3 million in deposits was closed. Arvest Bank, Fayetteville, AR has agreed to assume all deposits, excluding certain brokered deposits. (PR-227-2009)

Valley Capital Bank, National Association, Mesa, AZ with approximately $40.3 million in assets and approximately $41.3 million in deposits was closed. Enterprise Bank & Trust, Clayton, MO has agreed to assume all deposits. (PR-226-2009)

Republic Federal Bank, National Association, Miami, FL with approximately $433.0 million in assets and approximately $352.7 million in deposits was closed. 1st United Bank, Boca Raton, FL has agreed to assume all deposits, excluding certain brokered deposits. (PR-225-2009)

Greater Atlantic Bank, Reston, VA with approximately $203.0 million in assets and approximately $179.0 million in deposits was closed. Sonabank, McLean, VA has agreed to assume all deposits. (PR-224-2009)

Benchmark Bank, Aurora, IL with approximately $170.0 million in assets and approximately $181.0 million in deposits was closed. MB Financial Bank, N.A., Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-223-2009)

AmTrust Bank, Cleveland, OH with approximately $12.0 billion in assets and approximately $8.0 billion in deposits was closed. New York Community Bank, Westbury, NY has agreed to assume all deposits. (PR-222-2009)

The Tattnall Bank, Reidsville, GA with approximately $49.6 million in assets and approximately $47.3 million in deposits was closed. HeritageBank of the South, Albany, GA has agreed to assume all deposits, excluding certain brokered deposits. (PR-221-2009)

First Security National Bank, Norcross, GA with approximately $128.0 million in assets and approximately $123.0 million in deposits was closed. State Bank and Trust Company, Macon, GA has agreed to assume all deposits, excluding certain brokered deposits. (PR-220-2009)

The Buckhead Community Bank, Atlanta, GA with approximately $874.0 million in assets and approximately $838.0 million in deposits was closed. State Bank and Trust Company, Macon, GA has agreed to assume all deposits, excluding certain brokered deposits. (PR-219-2009)

November

Commerce Bank of Southwest Florida, Fort Myers, FL with approximately $79.7 million in assets and approximately $76.7 million in deposits was closed. Central Bank, Stillwater, MN has agreed to assume all deposits, excluding certain brokered deposits. (PR-211-2009)

Pacific Coast National Bank, San Clemente, CA with approximately $134.4 million in assets and approximately $130.9 million in deposits was closed. Sunwest Bank, Tustin, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-207-2009)

Orion Bank, Naples, FL with approximately $2.7 billion in assets and approximately $2.1 billion in deposits was closed. IBERIABANK, Lafayette, LA has agreed to assume all deposits, excluding certain brokered deposits. (PR-206-2009)

Century Bank, a Federal Savings Bank, Sarasota, FL with approximately $728 million in assets and approximately $631 million in deposits was closed. IBERIABANK, Lafayette, LA has agreed to assume all deposits, excluding certain brokered deposits. (PR-205-2009)

United Commercial Bank, San Francisco, CA with approximately $11.2 billion in assets and approximately $7.5 billion in deposits was closed. East West Bank, Pasadena, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-201-2009)

Gateway Bank of St. Louis, St. Louis, MO with approximately $27.7 million in assets and approximately $27.9 million in deposits was closed. Central Bank of Kansas City, Kansas City, MO has agreed to assume all deposits. (PR-200-2009)

Prosperan Bank, Oakdale, MN with approximately $199.5 million in assets and approximately $175.6 million in deposits was closed. Alerus Financial, National Association, Grand Forks, ND has agreed to assume all deposits, excluding certain brokered deposits. (PR-199-2009)

Home Federal Savings Bank, Detroit, MI,  with approximately $14.9 million in assets and approximately $12.8 million in deposits was closed. Liberty Bank and Trust Company, New Orleans, LA has agreed to assume all deposits. (PR-198-2009)

United Security Bank, Sparta, GA with approximately $157 million in assets and approximately $150 million in deposits was closed. Ameris Bank, Moultrie, GA has agreed to assume all deposits, excluding certain brokered deposits. (PR-197-2009)

October

North Houston Bank, Houston, TX,  with approximately $326.2 million in assets and approximately $308.0 million in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

Madisonville State Bank, Madisonville, TX,  with approximately $256.7 million in assets and approximately $225.2 million in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

Citizens National Bank, Teague, TX,  with approximately $118.2 million in assets and approximately $97.7 million in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

Park National Bank, Chicago, IL,  with approximately $4.7 billion in assets and approximately $3.7 billion in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

Pacific National Bank, San Francisco, CA,  with approximately $2.3 billion in assets and approximately $1.8 billion in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

California National Bank, Los Angeles, CA,  with approximately $7.8 billion in assets and approximately $6.2 billion in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

San Diego National Bank, San Diego, CA,  with approximately $3.6 billion in assets and approximately $2.9 billion in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

Community Bank of Lemont, Lemont, IL,  with approximately $81.8 million in assets and approximately $81.2 million in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

Bank USA, National Association, Phoenix, AZ,  with approximately $212.8 million in assets and approximately $117.1 million in deposits was closed. U.S. Bank National Association, Minneapolis, MN has agreed to assume all deposits. (PR-195-2009)

First DuPage Bank, Westmont, IL with approximately $279 million in assets and approximately $254 million in deposits was closed. First Midwest Bank, Itasca, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-192-2009)

Riverview Community Bank, Otsego, MN,  with approximately $108 million in assets and approximately $80 million in deposits was closed. Central Bank, Stillwater, MN has agreed to assume all deposits. (PR-191-2009)

Bank of Elmwood, Racine, WI with approximately $327.4 million in assets and approximately $273.2 million in deposits was closed. Tri City National Bank, Oak Creek, WI has agreed to assume all deposits, excluding certain brokered deposits. (PR-190-2009)

Flagship National Bank, Bradenton, FL with approximately $190 million in assets and approximately $175 million in deposits was closed. First Federal Bank of Florida, Lake City, FL has agreed to assume all deposits. (PR-189-2009)

Hillcrest Bank Florida, Naples, FL with approximately $83 million in assets and approximately $84 million in deposits was closed. Stonegate Bank, Fort Lauderdale, FL has agreed to assume all deposits, excluding certain brokered deposits. (PR-188-2009)

American United Bank, Lawrenceville, GA with approximately $111 million in assets and approximately $101 million in deposits was closed. Ameris Bank, Moultrie, GA has agreed to assume all deposits. (PR-187-2009)

Partners Bank, Naples, FL with approximately $65.5 million in assets and approximately $64.9 million in deposits was closed. Stonegate Bank, Fort Lauderdale, FL has agreed to assume all deposits. (PR-186-2009)

San Joaquin Bank, Bakersfield, CA with approximately $775 million in assets and approximately $631 million in deposits was closed. Citizens Business Bank, Ontario, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-185-2009)

Southern Colorado National Bank, Pueblo, CO with approximately $39.5 million in assets and approximately $31.9 million in deposits was closed. Legacy Bank, Wiley, CO has agreed to assume all deposits. (PR-181-2009)

Jennings State Bank, Spring Grove, MN with approximately $56.3 million in assets and approximately $52.4 million in deposits was closed. Central Bank, Stillwater, MN has agreed to assume all deposits. (PR-180-2009)

Warren Bank, Warren, MI with approximately $538 million in assets and approximately $501 million in deposits was closed. The Huntington National Bank, Columbus, OH has agreed to assume all deposits, excluding certain brokered deposits. (PR-179-2009)

September

Georgian Bank, Atlanta, GA with approximately $2 billion in assets and approximately $2 billion in deposits was closed. First Citizens Bank and Trust Company, Inc., Columbia, SC has agreed to assume all deposits, excluding certain brokered deposits. (PR-177-2009)

Irwin Union Bank, F.S.B., Louisville, KY with approximately $493 million in assets and approximately $441 million in deposits was closed. First Financial Bank, N.A., Hamilton, OH has agreed to assume all deposits. (PR-174-2009)

Irwin Union Bank and Trust Company, Columbus, IN with approximately $2.7 billion in assets and approximately $2.1 billion in deposits was closed. First Financial Bank, N.A., Hamilton, OH has agreed to assume all deposits. (PR-174-2009)

Venture Bank, Lacey, WA with approximately $970 million in assets and approximately $903 million in deposits was closed. First-Citizens Bank & Trust Company, Raleigh, NC has agreed to assume all deposits, excluding certain brokered deposits. (PR-170-2009)

Brickwell Community Bank, Woodbury, MN with approximately $72 million in assets and approximately $63 million in deposits was closed. CorTrust Bank N.A. Mitchell, SD has agreed to assume all deposits, excluding certain brokered deposits. (PR-169-2009)

Corus Bank, N.A., Chicago, IL with approximately $7 billion in assets and approximately $7 billion in deposits was closed. MB Financial Bank, N.A., Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-168-2009)

First State Bank, Flagstaff, AZ with approximately $105 million in assets and approximately $95 million in deposits was closed. Sunwest Bank, Tustin, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-165-2009)

Platinum Community Bank, Rolling Meadows, IL, with approximately $345.6 million in assets and approximately $305.0 million in deposits was approved for payout by the FDIC Board of Directors. (PR-164-2009)

Vantus Bank, Sioux City, IA with approximately $458 million in assets and approximately $368 million in deposits was closed. Great Southern Bank, Springfield, MO has agreed to assume all deposits. (PR-163-2009)

InBank, Oak Forest, IL with approximately $212 million in assets and approximately $199 million in deposits was closed. MB Financial Bank, National Association, Chicago, IL has agreed to assume all deposits, excluding certain brokered deposits. (PR-162-2009)

First Bank of Kansas City, Kansas City, MO with approximately $16 million in assets and approximately $15 million in deposits was closed. Great American Bank, De Soto, KS has agreed to assume all deposits. (PR-161-2009)

August

Affinity Bank, Ventura, CA with approximately $1 billion in assets and approximately $922 million in deposits was closed. Pacific Western Bank, San Diego, CA has agreed to assume all deposits, excluding certain brokered deposits. (PR-157-2009)

Mainstreet Bank, Forest Lake, MN with approximately $459 million in assets and approximately $434 million in deposits was closed. Central Bank, Stillwater, MN has agreed to assume all deposits, excluding certain brokered deposits. (PR-156-2009)

Bradford Bank, Baltimore, MD with approximately $452 million in assets and approximately $383 million in deposits was closed. Manufacturers and Traders Trust Company, Buffalo, NY has agreed to assume all deposits. (PR-155-2009)

Guaranty Bank, Austin, TX with approximately $13 billion in assets and approximately $12 billion in deposits was closed. BBVA Compass, Birmingham, AL has agreed to assume all deposits, excluding certain brokered deposits. (PR-150-2009)

CapitalSouth Bank, Birmingham, AL with approximately $617 million in assets and approximately $546 million in deposits was closed. IBERIABANK, Lafayette, LA has agreed to assume all deposits, excluding certain brokered deposits. (PR-149-2009)

First Coweta Bank, Newnan, GA, with approximately $167 million in assets and approximately $155 million in deposits was closed. United Bank, Zebulon, GA, has agreed to assume all deposits, excluding certain brokered deposits. (PR-148-2009)

ebank, Atlanta, Georgia, with approximately $143 million in assets and approximately $130 million in deposits was closed. Stearns Bank, National Association, St. Cloud, MN, has agreed to assume all deposits. (PR-147-2009)

Community Bank of Nevada, Las Vegas, Nevada, with approximately $1.52 billion in assets and approximately $1.38 billion in deposits was closed. The FDIC has created the Deposit Insurance National Bank of Las Vegas, NV ("DINB of Las Vegas") to facilitate the resolution of Community Bank of Nevada, Las Vegas, NV. (PR-146-2009)

Community Bank of Arizona, Phoenix, Arizona, with approximately $158.5 million in total assets, was closed. MidFirst Bank, Oklahoma City, OK, has agreed to assume all deposits, excluding certain brokered deposits (approximately $143.8 million). (PR-145-2009)

Union Bank, N.A., Gilbert, Arizona, with approximately $124 million in assets and approximately $112 in deposits was closed. MidFirst Bank, Oklahoma City, OK, has agreed to assume all non-brokered deposits. (PR-144-2009)

Colonial Bank, Montgomery, Alabama, with approximately $25 billion in assets, was closed. Branch Banking and Trust Company (BB&T), Winston-Salem, NC, has agreed to assume all deposits (approximately $20 billion). (PR-143-2009)

Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania, with approximately $13.4 million in assets, was closed. PNC Bank, Pittsburgh, PA, has agreed to assume all deposits (approximately $13.8 million). (PR-142-2009)

Community First Bank, Prineville, Oregon, with approximately $209 million in total assets, was closed. Home Federal Bank, Nampa, ID, has agreed to assume all deposits, excluding certain brokered deposits (approximately $182 million). (PR-141-2009)

Community National Bank of Sarasota County, Venice, Florida, with approximately $97 million in assets, was closed. Stearns Bank, N.A., St. Cloud, MN, has agreed to assume all deposits (approximately $93 million). (PR-140-2009)

First State Bank, Sarasota, Florida, with approximately $463 million in assets, was closed. Stearns Bank, N.A., St. Cloud, MN, has agreed to assume all deposits, excluding certain brokered deposits (approximately $387 million). (PR-139-2009)

July

Mutual Bank, Harvey, Illinois, with approximately $1.6 billion in assets, was closed. United Central Bank, Garland, Texas, has agreed to assume all deposits (approximately $1.6 billion). (PR-137-2009)

First BankAmericano, Elizabeth, New Jersey, with approximately $166 million in assets, was closed. Crown Bank, Brick, New Jersey, has agreed to assume all deposits (approximately $157 million). (PR-136-2009)

Peoples Community Bank, West Chester, Ohio, with approximately $705.8 million in assets, was closed. First Financial Bank, N.A., Hamilton, Ohio, has agreed to assume all deposits, excluding certain brokered deposits (approximately $598.2 million). (PR-135-2009)

Integrity Bank, Jupiter, Florida, with approximately $119 million in assets, was closed. Stonegate Bank, Fort Lauderdale, Florida, has agreed to assume all deposits, excluding certain brokered deposits (approximately $102 million). (PR-134-2009)

First State Bank of Altus, Altus, Oklahoma, with approximately $103.4 million in assets, was closed. Herring Bank, Amarillo, Texas, has agreed to assume all deposits (approximately $98.2 million). (PR-133-2009)

Security Bank of Gwinnett County, Suwanee, GA; Security Bank of North Fulton, Alpharetta, GA; Security Bank of North Metro, Woodstock, GA; Security Bank of Bibb County, Macon, GA; Security Bank of Houston County, Perry, GA; and Security Bank of Jones County, Gray, GA, with approximately $2.8 billion in combined assets, were closed. State Bank and Trust Company, Pinehurst, Georgia, has agreed to assume all deposits (approximately $2.4 billion). (PR-130-2009)

Waterford Village Bank, Williamsville, New York, with approximately $61.4 million in assets, was closed. Evans Bank, National Association, Angola, New York, has agreed to assume all deposits (approximately $58 million). (PR-129-2009)

Temecula Valley Bank, Temecula, California, with approximately $1.5 billion in assets, was closed. First-Citizens Bank & Trust Company, Raleigh, North Carolina, has agreed to assume all deposits, excluding certain brokered deposits (approximately $1.3 billion). (PR-126-2009)

Vineyard Bank, N.A., Rancho Cucamonga, California, with approximately $1.9 billion in assets, was closed. California Bank & Trust, San Diego, California, has agreed to assume all deposits, excluding certain brokered deposits (approximately $1.6 billion). (PR-125-2009)

BankFirst, Sioux Falls, South Dakota, with approximately $275 million in assets, was closed. Alerus Financial, National Association, Grand Forks, North Dakota, has agreed to assume all deposits (approximately $254 million). (PR-124-2009)

First Piedmont Bank, Winder, Georgia, with approximately $115 million in assets, was closed. First American Bank and Trust Company, Athens, Georgia, has agreed to assume all deposits (approximately $109 million). (PR-123-2009)

Bank of Wyoming, Thermopolis, Wyoming, with approximately $70 million in assets, was closed. Central Bank & Trust, Lander, Wyoming, has agreed to assume all deposits, excluding certain brokered deposits (approximately $67 million). (PR-122-2009)

Founders Bank, Worth, Illinois, with approximately $962.5 million in assets, was closed. The PrivateBank and Trust Company, Chicago, Illinois, has agreed to assume all deposits (approximately $848.9 million). (PR-119-2009)

Millennium State Bank of Texas, Dallas, Texas, with approximately $118 million in assets, was closed. State Bank of Texas, Irving, Texas, has agreed to assume all deposits (approximately $115 million). (PR-118-2009)

The First National Bank of Danville, Danville, Illinois, with approximately $166 million in assets, was closed. First Financial Bank, N.A., Terre Haute, Indiana, has agreed to assume all deposits (approximately $147 million). (PR-117-2009)

The Elizabeth State Bank, Elizabeth, Illinois, with approximately $55.5 million in assets, was closed. Galena State Bank and Trust Company, Galena, Illinois, has agreed to assume all deposits (approximately $50.4 million). (PR-116-2009)

Rock River Bank, Oregon, Illinois, with approximately $77 million in assets, was closed. The Harvard State Bank, Harvard, Illinois, has agreed to assume all deposits (approximately $75.8 million). (PR-115-2009)

The First State Bank of Winchester, Winchester, Illinois, with approximately $36 million in assets, was closed. The First National Bank of Beardstown, Beardstown, Illinois, has agreed to assume all deposits (approximately $34 million). (PR-114-2009)

The John Warner Bank, Clinton, Illinois, with approximately $70 million in assets, was closed. State Bank of Lincoln, Lincoln, Illinois, has agreed to assume all deposits (approximately $64 million). (PR-113-2009)

June

Mirae Bank, Los Angeles, California, with approximately $456 million in assets, was closed. Wilshire State Bank, Los Angeles, California, has agreed to assume all deposits (approximately $362 million). (PR-105-2009)

MetroPacific Bank, Irvine, California, with approximately $80 million in assets, was closed. Sunwest Bank, Tustin, California, has agreed to assume all non-brokered deposits (approximately $73 million). (PR-104-2009)

Horizon Bank, Pine City, Minnesota, with approximately $87.6 million in assets, was closed. Stearns Bank N.A., St. Cloud, Minnesota, has agreed to assume all deposits, excluding certain brokered deposits (approximately $69.4 million). (PR-103-2009)

Neighbor Community Bank, Newnan, Georgia, with approximately $221.6 million in assets, was closed. CharterBank, West Point, Georgia, has agreed to assume all deposits (approximately $191.3 million). (PR-102-2009)

Community Bank of West Georgia, Villa Rica, Georgia, with approximately $199.4 million in assets and approximately $182.5 million in deposits was approved for payout by the FDIC Board of Directors. (PR-101-2009)

First National Bank of Anthony, Anthony, Kansas, with approximately $156.9 million in assets, was closed. Bank of Kansas, South Hutchinson, Kansas, has agreed to assume all deposits (approximately $142.5 million). (PR-96-2009)

Cooperative Bank, Wilmington, North Carolina, with approximately $970 million in assets, was closed. First Bank, Troy, North Carolina, has agreed to assume all deposits, excluding certain brokered deposits (approximately $774 million). (PR-95-2009)

Southern Community Bank, Fayetteville, Georgia, with approximately $377 million in assets, was closed. United Community Bank, Blairsville, Georgia, has agreed to assume all deposits (approximately $307 million). (PR-94-2009)

Bank of Lincolnwood, Lincolnwood, Illinois, with approximately $214 million in assets, was closed. Republic Bank of Chicago, Oak Brook, Illinois, has agreed to assume all deposits (approximately $202 million).
(PR-86-2009)

May

Citizens National Bank, Macomb, Illinois, with approximately $437 million in assets, was closed. Morton Community Bank, Morton, Illinois, has agreed to assume all non-brokered deposits (approximately $400 million). (PR-76-2009)

Strategic Capital Bank, Champaign, Illinois, with approximately $537 million in assets, was closed. Midland States Bank, Effingham, Illinois, has agreed to assume all deposits (approximately $471 million).
(PR-75-2009)

BankUnited, FSB, Coral Gables, Florida, with approximately $12.8 billion in assets, was closed. BankUnited, Coral Gables, Florida, has agreed to assume all deposits (approximately $8.6 billion).
(PR-72-2009)

Westsound Bank, Bremerton, Washington, with approximately $334.6 million in assets and $304.5 million in deposits, was closed. Kitsap Bank, Port Orchard, Washington, has agreed to assume all non-brokered deposits. (PR-69-2009)

America West Bank, Layton, Utah, with approximately $299.4 million in assets, was closed. Cache Valley Bank, Logan, Utah, has agreed to assume all deposits (approximately $284.1 million).
(PR-63-2009)

Citizens Community Bank, Ridgewood, New Jersey, with approximately $45.1 million in assets, was closed. North Jersey Community Bank, Englewood Cliffs, New Jersey, has agreed to assume all deposits (approximately $43.7 million). (PR-62-2009)

Silverton Bank, N.A., Atlanta, Georgia, with approximately $4.1 billion in assets and $3.3 billion in deposits was closed. The FDIC created a bridge bank, Silverton Bridge Bank, N.A., to take over operations. (PR-61-2009)

April

First Bank of Idaho, Ketchum, Idaho, with approximately $488.9 million in assets, was closed. U.S. Bank, National Association, Minneapolis, MN, has agreed to assume all non-brokered deposits (approximately $374 million). (PR-60-2009)

First Bank of Beverly Hills, Calabasas, California, with approximately $1.5 billion in assets and approximately $1 billion in deposits was approved for payout by the FDIC Board of Directors. (PR-59-2009)

Michigan Heritage Bank, Farmington Hills, Michigan, with approximately $184.6 million in assets, was closed. Level One Bank, Farmington Hills, Michigan, has agreed to assume all deposits (approximately $151.7 million). (PR-58-2009)

American Southern Bank, Kennesaw, Georgia, with approximately $112.3 million in assets and approximately $104.3 in deposits was closed. Bank of North Georgia, Alpharetta, Georgia, has agreed to assume all non-brokered deposits. (PR-57-2009)

Great Basin Bank of Nevada, Elko, Nevada, with approximately $270.9 million in assets, was closed. Nevada State Bank, Las Vegas, Nevada, has agreed to assume all deposits (approximately $241.4 million). (PR-55-2009)

American Sterling Bank, Sugar Creek, Missouri, with approximately $181 million in assets was closed. Metcalf Bank, Lee's Summit, Missouri, has agreed to assume all deposits (approximately $171.9 million).  (PR-54-2009)

New Frontier Bank, Greeley, Colorado, with approximately $2.0 billion in assets and approximately $1.5 billion in deposits was closed. Deposit Insurance National Bank of Greeley, Greeley, Colorado has agreed to assume the non-brokered insured deposits. (PR-53-2009)

Cape Fear Bank, Wilmington, North Carolina, with approximately $492 million in assets, was closed. First Federal Savings and Loan Association, Charleston, South Carolina, has agreed to assume all deposits, excluding certain brokered deposits (approximately $403 million). (PR-52-2009)

March

Omni National Bank, Atlanta, Georgia, with approximately $956.0 million in assets and approximately $796.8 million in deposits was closed. SunTrust Bank, Atlanta, Georgia has agreed to assume the non-brokered insured deposits. (PR-50-2009)

TeamBank, National Association, Paola, Kansas, with approximately $669.8 million in assets, was closed. Great Southern Bank, Springfield, Missouri, has agreed to assume all deposits (approximately $492.8 million). (PR-46-2009)

Colorado National Bank, Colorado Springs, Colorado, with approximately $123.5 million in assets, was closed. Herring Bank, Amarillo, Texas has agreed to assume all deposits (approximately $82.7 million). (PR-45-2009)

FirstCity Bank, Stockbridge, Georgia, with approximately $297.0 million in assets and approximately $278.0 million in deposits was approved for payout by the FDIC Board of Directors. (PR-44-2009)

Freedom Bank of Georgia, Commerce, Georgia, with approximately $173.0 million in assets and approximately $161.0 million in deposits, was closed. Northeast Georgia Bank, Lavonia, Georgia has agreed to assume all deposits. (PR-37-2009)

February

Security Savings Bank, Henderson, Nevada, with approximately $238.3 million in assets, was closed. Bank of Nevada, Las Vegas, NV has agreed to assume all non-brokered deposits (approximately $175.2 million). (PR-32-2009)

Heritage Community Bank, Glenwood, Illinois, with approximately $232.9 million in assets, was closed. The MB Financial Bank, National Association, Chicago, Illinois has agreed to assume all deposits (approximately $218.6 million). (PR-31-2009)

Silver Falls Bank, Silverton, Oregon, with approximately $131.4 million in assets was closed. Citizens Bank, Corvallis, Oregon has agreed to assume all deposits (approximately $116.3 million). (PR-24-2009)

Pinnacle Bank of Oregon, Beaverton, Oregon, with approximately $73.0 million in assets was closed. Washington Trust Bank, Spokane, Washington has agreed to assume all deposits (approximately $64.0 million). (PR-23-2009)

Corn Belt Bank and Trust Company, Pittsfield, Illinois, with approximately $271.8 million in assets and approximately $234.4 million in deposits, was closed. The Carlinville National Bank, Carlinville, Illinois has agreed to assume all non-brokered deposits. (PR-22-2009)

Riverside Bank of the Gulf Coast, Cape Coral, Florida, with approximately $539.0 million in assets and approximately $424.0 million in deposits, was closed. TIB Bank, Naples, Florida has agreed to assume all non-brokered deposits. (PR-21-2009)

Sherman County Bank, Loup City, Nebraska, with approximately $129.8 million in assets was closed. Heritage Bank, Wood River, Nebraska has agreed to assume all deposits (approximately $85.1 million). (PR-20-2009) 

County Bank, Merced, California, with approximately $1.7 billion in assets was closed. Westamerica Bank, San Rafael, California has agreed to assume all deposits (approximately $1.3 billion). (PR-19-2009)

Alliance Bank, Culver City, California, with approximately $1.14 billion in assets and approximately $951.0 million in deposits was closed. California Bank & Trust, San Diego, California has agreed to assume all deposits. (PR-18-2009)

FirstBank Financial Services, McDonough, Georgia, with approximately $337.0 million in assets was closed. Regions Bank, Birmingham, Alabama has agreed to assume all deposits (approximately $279.0 million). (PR-17-2009)

January

Ocala National Bank, Ocala, Florida, with approximately $223.5 million in assets and approximately $205.2 million in deposits, was closed. CenterState Bank of Florida, Winter Haven, Florida has agreed to assume all non-brokered deposits. (PR-14-2009)

Suburban Federal Savings Bank, Crofton, Maryland, with approximately $360.0 million in assets was closed. Bank of Essex, Tappahannock, Virginia has agreed to assume all deposits (approximately $302.0 million). (PR-13-2009)

MagnetBank, Salt Lake City, Utah, with approximately $292.2 million in assets and approximately $282.8 million in deposits was approved for payout by the FDIC Board of Directors. (PR-12-2009)

1st Centennial Bank, Redlands, California, with approximately $803.3 million in assets and approximately $676.9 million in deposits was closed. First California Bank, Westlake Village, California has agreed to assume the non-brokered insured deposits. (PR-7-2009)

Bank of Clark County, Vancouver, Washington, with approximately $446.5 million in assets and approximately $366.5 million in deposits was closed. Umpqua Bank, Roseburg, Oregon has agreed to assume the non-brokered insured deposits. (PR-6-2009)

National Bank of Commerce, Berkeley, Illinois, with approximately $430.9 million in total assets and $402.1 million in total deposits, was closed. In addition to assuming all of the failed bank's deposits, Republic Bank of Chicago, Oak Brook, Illinois agreed to pay a discount of $44.9 million, and will purchase approximately $366.6 million of assets. The FDIC will retain the remaining assets for later disposition. (PR-5-2009)


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Last Updated 01/02/2014 cservicefdicdal@fdic.gov