Friday, November 06, 2009

FDIC Friday Night Feast (Failed Bank List as of November 6, 2009 - 120th Bank Closes This Year - $1.53 Billion Total Insurance Charge)

Bank Name

City

State

CERT #

Closing Date

Updated Date

United Commercial Bank San Francisco CA 32469 November 6, 2009 November 6, 2009
Gateway Bank of St. Louis St. Louis MO 19450 November 6, 2009 November 6, 2009
Prosperan Bank Oakdale MN 35074 November 6, 2009 November 6, 2009
Home Federal Savings Bank Detroit MI 30329 November 6, 2009 November 6, 2009
United Security Bank Sparta GA 22286 November 6, 2009 November 6, 2009


As of 9:50pm PST, the FDIC has closed five (5) banks -- United Security Bank in Sparta, Georgia; Home Federal Savings Bank in Detroit, Michigan; Prosperan Bank in Oakdale, Minnesota; Gateway Bank of St. Louis; and United Commercial Bank in San Francisco, California.

United Security Bank will cost $58 million against the FDIC insurance fund. Home Federal Savings Bank will cost $5.4 million against the FDIC insurance fund. Prosperan Bank will cost $60.1 million against the insurance fund. Gateway Bank of St. Louis will cost $9.2 million against the insurance fund. United Commercial Bank will cost $1.4 billion against the FDIC insurance fund.

The total amount charged against the FDIC insurance fund today is $1,532,700,000 (or $1.53 billion). At this point, 120 banks have closed this year.

No comments: