Friday Evening Failed Bank List

[FarCenter]

http://www.fdic.gov/bank/individual/failed/banklist.html

Only two so far:

http://www.fdic.gov/news/news/press/2009/pr09061.html

On Friday, May 1, 2009, Silverton Bank, N.A., Atlanta, GA was closed by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

Silverton Bank did not take deposits directly from the general public nor did it make loans to consumers. It was a commercial bank that provided correspondent banking services to its client banks.

At the time of its closing, Silverton Bank had approximately $4.1 billion in assets and $3.3 billion in deposits, all of which are expected to be within the FDIC's insurance limits.

The FDIC estimates that the cost to the Deposit Insurance Fund will be $1.3 billion.

http://www.fdic.gov/news/news/press/2009/pr09062.html

On Friday, May 1, 2009, Citizens Community Bank, Ridgewood, New Jersey was closed by the New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

As of December 31, 2008, Citizens Community Bank had total assets of approximately $45.1 million and total deposits of $43.7 million. North Jersey Community Bank paid a premium of 0.67 percent to acquire all of the deposits of the failed bank.

The FDIC estimates that the cost to the Deposit Insurance Fund will be $18.1 million. North Jersey Community Bank's acquisition of the deposits of Citizens Community Bank was the "least costly" resolution for the FDIC's Deposit Insurance Fund compared to alternatives.

[pravin404]

1. 3 Banks seized by FDIC on May Day

FDIC closed 3 banks this Friday, the MAY DAY.

"Silverton Bank, N.A., Atlanta, GA" , "Citizens Community Bank, Ridgewood, NJ" and America West Bank, Layton, UT .

Till now 32 banks have failed this year and 57 from 2008.

Check the list of all the failed banks at :
http://portalseven.com/Failed-Banks-2009

And on google map see where the banks are failing at :
http://portalseven.com/finance/Failed_Banks_Map_2009.jsp

Some statistics about the bank failures :

Silverton Bank, N.A., Atlanta, GA:
# 30th bank to fail this year in USA
# 6th bank from Georgia to fail this year and 11th since 2008
# Has $4.1 billion in assets and $3.3 billion in deposits
# Biggest bank to fail this year till now and 5th biggest bank since 2008

Citizens Community Bank, Ridgewood, NJ:
# 31st bank to fail this year in USA
# 1st bank from New Jersey to fail since 2008
# Has $45.1 million in assets and $43.7 million in deposits

America West Bank, Layton, UT:
# 32nd bank to fail this year in USA
# 2nd bank from Utah to fail since 2008
# Has $299 million in assets and $284 million in deposits

Also layoff tracker at :
http://portalseven.com/Layoffs