List of Failed Banks, Updated April 9, 2010
Over 100 banks failed in 2009. Most of these are smaller regional banks who, in order to compete with larger banks, offered risky loans and are now facing customer defaults. Larger banks were offered government bailouts to prevent failure, but these smaller banks whose failures are not seen as major risks to the economy are left without taxpayer assistance.
The FDIC covers savings accounts, checking accounts, and certificates of deposit to ensure that customers hardly notice when one of these smaller banks fail. As long as a bank is a member of FDIC, and most are, customers should be confident that even if a bank fails, they will be able to withdraw their deposits within the coverage limit. Predicting the increase of bank failures this year, the FDIC decided over a year ago to increase its insurance limits. In 2008, only 26 banks failed compared to over 100 in 2009.
Although there is often worry in the press that FDIC is underfunded and might run out of money, that situation is highly unlikely. The FDIC is requiring banks to start paying their FDIC premiums which have largely been ignored for decades to increase its available funds. The FDIC also has an extensive line of credit with the Treasury, and because Congress will always vote to make sure the FDIC will be able to cover necessary expenses, it is in effect a limitless credit line.
Here is a full list of banks that have failed since 2000. I will update this list as necessary.
Bank  | Location | Failed Date |
|---|---|---|
| Beach First National Bank | Myrtle Beach, SC | April 9, 2010 |
| Desert Hills Bank | Phoenix, AZ | March 26, 2010 |
| Unity National Bank | Cartersville, GA | March 26, 2010 |
| Key West Bank | Key West, FL | March 26, 2010 |
| McIntosh Commercial Bank | Carrollton, GA | March 26, 2010 |
| State Bank of Aurora | Aurora, MN | March 19, 2010 |
| First Lowndes Bank | Fort Deposit, AL | March 19, 2010 |
| Bank of Hiawassee | Hiawassee, GA | March 19, 2010 |
| Appalachian Community Bank | Ellijay, GA | March 19, 2010 |
| Advanta Bank Corp. | Draper, UT | March 19, 2010 |
| Century Security Bank | Duluth, GA | March 19, 2010 |
| American National Bank | Parma, OH | March 19, 2010 |
| Statewide Bank | Covington, LA | March 12, 2010 |
| Old Southern Bank | Orlando, FL | March 12, 2010 |
| The Park Avenue Bank | New York, NY | March 12, 2010 |
| LibertyPointe Bank | New York, NY | March 11, 2010 |
| Centennial Bank | Ogden, UT | March 5, 2010 |
| Waterfield Bank | Germantown, MD | March 5, 2010 |
| Bank of Illinois | Normal, IL | March 5, 2010 |
| Sun American Bank | Boca Raton, FL | March 5, 2010 |
| Rainier Pacific Bank | Tacoma, WA | February 26, 2010 |
| Carson River Community Bank | Carson City, NV | February 26, 2010 |
| La Jolla Bank, FSB | La Jolla, CA | February 19, 2010 |
| George Washington Savings Bank | Orland Park, IL | February 19, 2010 |
| The La Coste National Bank | La Coste, TX | February 19, 2010 |
| Marco Community Bank | Marco Island, FL | February 19, 2010 |
| 1st American State Bank of Minnesota | Hancock, MN | February 5, 2010 |
| American Marine Bank | Bainbridge Island, WA | January 29, 2010 |
| First Regional Bank | Los Angeles, CA | January 29, 2010 |
| Community Bank and Trust | Cornelia, GA | January 29, 2010 |
| Marshall Bank, N.A. | Hallock, MN | January 29, 2010 |
| Florida Community Bank | Immokalee, FL | January 29, 2010 |
| First National Bank of Georgia | Carrollton, GA | January 29, 2010 |
| Columbia River Bank | The Dalles, OR | January 22, 2010 |
| Evergreen Bank | Seattle, WA | January 22, 2010 |
| Charter Bank | Santa Fe, NM | January 22, 2010 |
| Bank of Leeton | Leeton, MO | January 22, 2010 |
| Premier American Bank | Miami, FL | January 22, 2010 |
| Barnes Banking Company | Kaysville, UT | January 15, 2010 |
| St. Stephen State Bank | St. Stephen, MN | January 15, 2010 |
| Town Community Bank & Trust | Antioch, IL | January 15, 2010 |
| Horizon Bank | Bellingham, WA | January 8, 2010 |
| First Federal Bank of California, F.S.B. | Santa Monica, CA | December 18, 2009 |
| Imperial Capital Bank | La Jolla, CA | December 18, 2009 |
| Independent Bankers’ Bank | Springfield, IL | December 18, 2009 |
| New South Federal Savings Bank | Irondale, AL | December 18, 2009 |
| Citizens State Bank | New Baltimore, MI | December 18, 2009 |
| Peoples First Community Bank | Panama City, FL | December 18, 2009 |
| RockBridge Commercial Bank | Atlanta, GA | December 18, 2009 |
| SolutionsBank | Overland Park, KS | December 11, 2009 |
| Valley Capital Bank, N.A. | Mesa, AZ | December 11, 2009 |
| Republic Federal Bank, N.A. | Miami, FL | December 11, 2009 |
| Greater Atlantic Bank | Reston, VA | December 4, 2009 |
| Benchmark Bank | Aurora, IL | December 4, 2009 |
| AmTrust Bank | Cleveland, OH | December 4, 2009 |
| The Tattnall Bank | Reidsville, GA | December 4, 2009 |
| First Security National Bank | Norcross, GA | December 4, 2009 |
| The Buckhead Community Bank | Atlanta, GA | December 4, 2009 |
| Commerce Bank of Southwest Florida | Fort Myers, FL | November 20, 2009 |
| Pacific Coast National Bank | San Clemente, CA | November 13, 2009 |
| Orion Bank | Naples, FL | November 13, 2009 |
| Century Bank, F.S.B. | Sarasota, FL | November 13, 2009 |
| United Commercial Bank | San Francisco, CA | November 6, 2009 |
| Gateway Bank of St. Louis | St. Louis, MO | November 6, 2009 |
| Prosperan Bank | Oakdale, MN | November 6, 2009 |
| Home Federal Savings Bank | Detroit, MI | November 6, 2009 |
| United Security Bank | Sparta, GA | November 6, 2009 |
| North Houston Bank | Houston, TX | October 30, 2009 |
| Madisonville State Bank | Madisonville, TX | October 30, 2009 |
| Citizens National Bank | Teague, TX | October 30, 2009 |
| Park National Bank | Chicago, IL | October 30, 2009 |
| Pacific National Bank | San Francisco, CA | October 30, 2009 |
| California National Bank | Los Angeles, CA | October 30, 2009 |
| San Diego National Bank | San Diego, CA | October 30, 2009 |
| Community Bank of Lemont | Lemont, IL | October 30, 2009 |
| Bank USA, N.A. | Phoenix, AZ | October 30, 2009 |
| First DuPage Bank | Westmont, IL | October 23, 2009 |
| Riverview Community Bank | Otsego, MN | October 23, 2009 |
| Bank of Elmwood | Racine, WI | October 23, 2009 |
| Flagship National Bank | Bradenton, FL | October 23, 2009 |
| Hillcrest Bank Florida | Naples, FL | October 23, 2009 |
| American United Bank | Lawrenceville, GA | October 23, 2009 |
| Partners Bank | Naples, FL | October 23, 2009 |
| San Joaquin Bank | Bakersfield, CA | October 16, 2009 |
| Southern Colorado National Bank | Pueblo, CO | October 2, 2009 |
| Jennings State Bank | Spring Grove, MN | October 2, 2009 |
| Warren Bank | Warren, MI | October 2, 2009 |
| Georgian Bank | Atlanta, GA | September 25, 2009 |
| Irwin Union Bank, F.S.B. | Louisville, KY | September 18, 2009 |
| Irwin Union Bank and Trust Company | Columbus, IN | September 18, 2009 |
| Venture Bank | Lacey, WA | September 11, 2009 |
| Brickwell Community Bank | Woodbury, MN | September 11, 2009 |
| Corus Bank, N.A. | Chicago, IL | September 11, 2009 |
| First State Bank | Flagstaff, AZ | September 4, 2009 |
| Platinum Community Bank | Rolling Meadows, IL | September 4, 2009 |
| Vantus Bank | Sioux City, IA | September 4, 2009 |
| InBank | Oak Forest, IL | September 4, 2009 |
| First Bank of Kansas City | Kansas City, MO | September 4, 2009 |
| Affinity Bank | Ventura, CA | August 28, 2009 |
| Mainstreet Bank | Forest Lake, MN | August 28, 2009 |
| Bradford Bank | Baltimore, MD | August 28, 2009 |
| Guaranty Bank | Austin, TX | August 21, 2009 |
| CapitalSouth Bank | Birmingham, AL | August 21, 2009 |
| First Coweta Bank | Newnan, GA | August 21, 2009 |
| ebank | Atlanta, GA | August 21, 2009 |
| Community Bank of Nevada | Las Vegas, NV | August 14, 2009 |
| Community Bank of Arizona | Phoenix, AZ | August 14, 2009 |
| Union Bank, National Association | Gilbert, AZ | August 14, 2009 |
| Colonial Bank | Montgomery, AL | August 14, 2009 |
| Dwelling House Savings and Loan Association | Pittsburgh, PA | August 14, 2009 |
| Community First Bank | Prineville, OR | August 7, 2009 |
| Community National Bank of Sarasota County | Venice, FL | August 7, 2009 |
| First State Bank | Sarasota, FL | August 7, 2009 |
| Mutual Bank | Harvey, IL | July 31, 2009 |
| First BankAmericano | Elizabeth, NJ | July 31, 2009 |
| Peoples Community Bank | West Chester, OH | July 31, 2009 |
| Integrity Bank | Jupiter, FL | July 31, 2009 |
| First State Bank of Altus | Altus, OK | July 31, 2009 |
| Security Bank of Jones County | Gray, GA | July 24, 2009 |
| Security Bank of Houston County | Perry, GA | July 24, 2009 |
| Security Bank of Bibb County | Macon, GA | July 24, 2009 |
| Security Bank of North Metro | Woodstock, GA | July 24, 2009 |
| Security Bank of North Fulton | Alpharetta, GA | July 24, 2009 |
| Security Bank of Gwinnett County | Suwanee, GA | July 24, 2009 |
| Waterford Village Bank | Williamsville, NY | July 24, 2009 |
| Temecula Valley Bank | Temecula, CA | July 17, 2009 |
| Vineyard Bank | Rancho Cucamonga, CA | July 17, 2009 |
| BankFirst | Sioux Falls, SD | July 17, 2009 |
| First Piedmont Bank | Winder, GA | July 17, 2009 |
| Bank of Wyoming | Thermopolis, WY | July 10, 2009 |
| Founders Bank | Worth, IL | July 2, 2009 |
| Millennium State Bank of Texas | Dallas, TX | July 2, 2009 |
| First National Bank of Danville | Danville, IL | July 2, 2009 |
| Elizabeth State Bank | Elizabeth, IL | July 2, 2009 |
| Rock River Bank | Oregon, IL | July 2, 2009 |
| First State Bank of Winchester | Winchester, IL | July 2, 2009 |
| John Warner Bank | Clinton, IL | July 2, 2009 |
| Mirae Bank | Los Angeles, CA | June 26, 2009 |
| MetroPacific Bank | Irvine, CA | June 26, 2009 |
| Horizon Bank | Pine City, MN | June 26, 2009 |
| Neighborhood Community Bank | Newnan, GA | June 26, 2009 |
| Community Bank of West Georgia | Villa Rica, GA | June 26, 2009 |
| First National Bank of Anthony | Anthony, KS | June 19, 2009 |
| Cooperative Bank | Wilmington, NC | June 19, 2009 |
| Southern Community Bank | Fayetteville, GA | June 19, 2009 |
| Bank of Lincolnwood | Lincolnwood, IL | June 5, 2009 |
| Citizens National Bank | Macomb, IL | May 22, 2009 |
| Strategic Capital Bank | Champaign, IL | May 22, 2009 |
| BankUnited, FSB | Coral Gables, FL | May 21, 2009 |
| Westsound Bank | Bremerton, WA | May 8, 2009 |
| America West Bank | Layton, UT | May 1, 2009 |
| Citizens Community Bank | Ridgewood, NJ | May 1, 2009 |
| Silverton Bank, NA | Atlanta, GA | May 1, 2009 |
| First Bank of Idaho | Ketchum, ID | April 24, 2009 |
| First Bank of Beverly Hills | Calabasas, CA | April 24, 2009 |
| Michigan Heritage Bank | Farmington Hills, MI | April 24, 2009 |
| American Southern Bank | Kennesaw, GA | April 24, 2009 |
| Great Basin Bank of Nevada | Elko, NV | April 17, 2009 |
| American Sterling Bank | Sugar Creek, MO | April 17, 2009 |
| New Frontier Bank | Greeley, CO | April 10, 2009 |
| Cape Fear Bank | Wilmington, NC | April 10, 2009 |
| Omni National Bank | Atlanta, GA | March 27, 2009 |
| TeamBank, NA | 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 & Trust Co. | 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 FSB | Crofton, MD | January 30, 2009 |
| MagnetBank | Salt Lake City, UT | January 30, 2009 |
| 1st Centennial Bank | Redlands, CA | January 23, 2009 |
| Bank of Clark County | Vancouver, WA | January 16, 2009 |
| National Bank of Commerce | Berkeley, IL | January 16, 2009 |
| Sanderson State Bank | Sanderson, TX | December 12, 2008 |
| Haven Trust Bank | Duluth, GA | December 12, 2008 |
| First Georgia Community Bank | Jackson, GA | December 5, 2008 |
| PFF Bank & Trust | Pomona, CA | November 21, 2008 |
| Downey Savings & Loan | Newport Beach, CA | November 21, 2008 |
| Community Bank | Loganville, GA | November 21, 2008 |
| Security Pacific Bank | Los Angeles, CA | November 7, 2008 |
| Franklin Bank, SSB | Houston, TX | November 7, 2008 |
| Freedom Bank | Bradenton, FL | October 31, 2008 |
| Alpha Bank & Trust | Alpharetta, GA | October 24, 2008 |
| Meridian Bank | Eldred, IL | October 10, 2008 |
| Main Street Bank | Northville, MI | October 10, 2008 |
| Washington Mutual Bank (and FSB) | Henderson, NV | September 25, 2008 |
| Ameribank | Northfork, WV | September 19, 2008 |
| Silver State Bank | Henderson, NV | September 5, 2008 |
| Integrity Bank | Alpharetta, GA | August 29, 2008 |
| Columbian Bank & Trust | Topeka, KS | August 22, 2008 |
| First Priority Bank | Bradenton, FL | August 1, 2008 |
| First Heritage Bank, NA | Newport Beach, CA | July 25, 2008 |
| First National Bank of Nevada | Reno, NV | July 25, 2008 |
| IndyMac Bank | Pasadena, CA | July 11, 2008 |
| First Integrity Bank, NA | Staples, MN | May 30, 2008 |
| ANB Financial, NA | Bentonville, AR | May 9, 2008 |
| Hume Bank | Hume, MO | March 7, 2008 |
| Douglass National Bank | Kansas City, MO | January 25, 2008 |
| Miami Valley Bank | Lakeview, OH | October 4, 2007 |
| NetBank | Alpharetta, GA | September 28, 2007 |
| Metropolitan Savings Bank | Pittsburgh, PA | February 2, 2007 |
| Bank of Ephraim | Ephraim, UT | June 25, 2004 |
| Reliance Bank | White Plains, NY | March 19, 2004 |
| Guaranty National Bank | Tallahassee, FL | March 12, 2004 |
| Dollar Savings Bank | Newark, NJ | February 14, 2004 |
| Pulaski Savings Bank | Philadelphia, PA | November 14, 2003 |
| First National Bank of Blanchardville | Blanchardville, WI | May 9, 2003 |
| Southern Pacific Bank | Torrance, CA | February 7, 2003 |
| Farmers Bank of Cheneyville | Cheneyville, LA | December 17, 2002 |
| Bank of Alamo | Alamo, TN | November 8, 2002 |
| AmTrade International Bank | Atlanta, GA | September 30, 2002 |
| Universal Federal Savings Bank | Chicago, IL | June 27, 2002 |
| Connecticut Bank of Commerce | Stamford, CT | June 26, 2002 |
| New Century Bank | Shelby Township, MI | March 28, 2002 |
| Net 1st National Bank | Boca Raton, FL | March 1, 2002 |
| NextBank, NA | Phoenix, AZ | February 7, 2002 |
| Oakwood Deposit Bank Co. | Oakwood, OH | February 1, 2002 |
| Bank of Sierra Blanca | Sierra Blanca, TX | January 18, 2002 |
| Hamilton Bank, NA | Miami, FL | January 11, 2002 |
| Sinclair National Bank | Gravette, AR | September 7, 2001 |
| Superior Bank, FSB | Hinsdale, IL | July 27, 2001 |
| Malta National Bank | Malta, OH | May 3, 2001 |
| First Alliance Bank & Trust Co. | Manchester, NH | February 2, 2001 |
| National State Bank of Metropolis | Metropolis, IL | December 14, 2000 |
| Bank of Honolulu | Honolulu, HI | October 13, 2000 |
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