Friday, December 18, 2009

FDIC Friday Night Feast (Failed Bank List as of December 18, 2009 - 140 Banks Closed This Year - $1.8037 Billion Total Insurance Charge

Bank Name

City

State

CERT #

Closing Date

Updated Date

First Federal Bank of California, F.S.B. Santa Monica CA 28536 December 18, 2009 December 18, 2009
Imperial Capital Bank La Jolla CA 26348 December 18, 2009 December 18, 2009
Independent Bankers' Bank Springfield IL 26820 December 18, 2009 December 18, 2009
New South Federal Savings Bank Irondale AL 32276 December 18, 2009 December 18, 2009
Citizens State Bank New Baltimore MI 1006 December 18, 2009 December 18, 2009
Peoples First Community Bank Panama City FL 32167 December 18, 2009 December 18, 2009
RockBridge Commercial Bank Atlanta GA 58315 December 18, 2009 December 18, 2009

The FDIC closed seven (7) banks on December 18, 2009 -- RockBridge Commercial Bank in Atlanta, Georgia; Peoples First Community Bank in Panama City, Florida; Citizens State Bank in New Baltimore, Michigan; New South Federal Savings Bank in Irondale, Alabama; Independent Bankers' Bank in Springfield, Illinois; Imperial Capital Bank in La Jolla, California; and First Federal Bank of California, F.S.B. in Santa Monica, California.

Rockbridge Commercial Bank will cost $124.2 million against the FDIC insurance fund. Peoples First Community Bank will cost $556.7 million against the FDIC insurance fund. Citizens State Bank will cost $76.6 million against the FDIC insurance fund. New South Federal Savings Bank will cost $212.3 million against the FDIC insurance fund. Independent Bankers' Bank will cost $68.4 million against the FDIC insurance fund. Imperial Capital Bank will cost $619.2 million against the FDIC insurance fund. First Federal Bank of California, F.S.B. will cost $146.3 million against the FDIC insurance fund.

The total amount charged against the FDIC insurance fund today is $1,803,700,000 (or $1.8037 billion). At this point, 140 banks have closed this year.


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