Posts Tagged ‘Failed Banks’

Five more bank failures

August 15, 2009

Colonial Bank, Montgomery AL

Community Bank of Nevada, Las Vegas, NV

Community Bank of Arizona, Phoenix, AZ

Union Bank, National Association, Gilbert, AZ

Dwelling House Savings and Loan Association, Pittsburgh, PA

Three more failed banks

August 8, 2009

Community First Bank, Prineville, OR

Community National Bank of Sarasota County, Venice, FL

First State Bank, Sarasota, FL

More bank failures

August 1, 2009

Mutual Bank, Harvey, IL

First BankAmericano, Elizabeth, NJ

Peoples Community Bank, West Chester, OH

Integrity Bank, Jupiter, FL

Four more failed banks

July 18, 2009

Temecula Valley Bank

Vineyard Bank


First Piedmont Bank

7 more banks fail, 6 in Illinois

July 4, 2009

Here is the list:

Five banks fail

June 27, 2009

Mirae Bank, Los Angeles, CA

MetroPacific Bank, Irvine, CA

Horizon Bank, Pine City, MN

Neighborhood Community Bank, Newnan, GA

Community Bank of West Georgia, Villa Rica, GA

Three more failed banks

May 2, 2009

Citizens Community Bank: Ridgewood New Jersey

American West Bank: Layton Utah

Silverton Bank: Atlanta Georgia

Four more failed banks

April 25, 2009

First Bank of Idaho, Ketchum, ID

First Bank of Beverly Hills, Calabasas, CA

Heritage Bank, Farmington Hills, MI

American Southern Bank, Kennesaw, GA

Two more failed banks

April 18, 2009

Great Basin Bank of Nevada, Elko, NV

American Sterling Bank, Sugar Creek, MO

Bank failure backstory

April 12, 2009

Saturday I posted about New Frontier Bank in Colorado being taken over by the FDIC.  The backstory on the bank is that last year they had problems with their lending practices and had regulators demanding the bank clean up its books.  In December 2008, it was operating under a cease and desist order requiring New Frontier to raise capital, cut bad debt and fire its top official.  Early this month, a deal with a local private investment firm fell apart and that was it for New Frontier.