Bank Failures

The pace of bank failures has been increasing dramatically over the past three years in the world. During 2010, a total of 157 banks failed, the most since 1992 when 181 were closed. Banking failures during 2010 cost the FDIC Deposit Insurance Fund $26 billion, bringing the fund balance to below zero. A total of 140 institutions failed during 2009 compared to only 25 during 2008. There were only 3 bank failures during all of 2007. No banks failed during 2005 and 2006.
The number of failed institutions in 2011 totals 39 banks including the latest five banking failures for the week ending April 29, 2011. The cost to the FDIC Deposit Insurance Fund (DIF) for the 39 banking failures totals $3.1 billion. Total assets of the failed banks amounted to $17.0 billion.
Following banks failed during 2011
Community Central Bank, MI
29-April-11
The Park Avenue Bank, GA
29-April-11
First Choice Community Bank, GA
29-April-11
Cortez Community Bank, FL
29-April-11
First National Bank of Central Florida, FL
29-April-11
Heritage Banking Group, MS
15-April-11
Rosemount National Bank, MN
15-April-11
Superior Bank, AL
15-April-11
Nexity Bank, AL
15-April-11
New Horizons Bank, GA
15-April-11
Bartow County Bank, GA
15-April-11
Nevada Commerce Bank, NV
8-April-11
Western Springs National, IL
8-April-11
The Bank of Commerce, Wood Dale, IL
25-March-11
Legacy Bank, Milwaukee, WI
11-March-11
First National Bank of Davis, OK
11-March-11
Valley Community Bank, IL
25-Feb-11
San Luis Trust Bank, CA
18-Feb-11
Charter Oak Bank, CA
18-Feb-11
Citizens Bank of Effingham, GA
18-Feb-11
Habersham Bank, GA
18-Feb-11
Canyon National Bank, CA
11-Feb-11
Badger State Bank, WI
11-Feb-11
Peoples State Bank, MI
11-Feb-11
Sunshine State Community Bank, FL
11-Feb-11
Community First Bank, IL
4-Feb-11
North Georgia Bank, GA
4-Feb-11
American Trust Bank, GA
4-Feb-11
First Community Bank, Taos, NM
28-January-11
FirsTier Bank, Louisville, CO
28-January-11
Evergreen State Bank, Stoughton, WI
28-January-11
The First State Bank, Camargo, OK
28-January-11
United Western Bank, Denver, CO
21-January-11
The Bank of Asheville, Asheville, NC
21-January-11
CommunitySouth Bank&Trust, Easley, SC
21-January-11
Enterprise Banking, McDonough, GA
21-January-11
Oglethorpe Bank, Brunswick, GA
14-January-11
Legacy Bank, Scottsdale, AZ
7-January-11
First Commercial Bank of Florida, Orlando, FL
7-January-11