Monday, April 5, 2010

March Failed Bank list

Date

Updated Date

Desert Hills BankPhoenixAZ57060March 26, 2010April 2, 2010
Unity National BankCartersvilleGA34678March 26, 2010March 31, 2010
Key West BankKey WestFL34684March 26, 2010March 31, 2010
McIntosh Commercial BankCarrolltonGA57399March 26, 2010March 31, 2010
State Bank of AuroraAuroraMN8221March 19, 2010March 23, 2010
First Lowndes BankFort DepositAL24957March 19, 2010March 23, 2010
Bank of HiawasseeHiawasseeGA10054March 19, 2010March 23, 2010
Appalachian Community BankEllijayGA33989March 19, 2010March 23, 2010
Advanta Bank Corp.DraperUT33535March 19, 2010March 23, 2010
Century Security BankDuluthGA58104March 19, 2010March 23, 2010
American National BankParmaOH18806March 19, 2010March 23, 2010
Statewide BankCovingtonLA29561March 12, 2010March 17, 2010
Old Southern BankOrlandoFL58182March 12, 2010March 17, 2010
The Park Avenue BankNew YorkNY27096March 12, 2010April 1, 2010
LibertyPointe BankNew YorkNY58071March 11, 2010April 1, 2010
Centennial BankOgdenUT34430March 5, 2010March 9, 2010
Waterfield BankGermantownMD34976March 5, 2010March 10, 2010
Bank of IllinoisNormalIL9268March 5, 2010March 10, 2010
Sun American BankBoca RatonFL27126March 5, 2010March 10, 2010
19 banks failed in March.




Brings the total number of failed banks in 2010 to 41.

The FDIC page says "Each depositor insured to at least $250,000 per insured bank through 12/31/2013."

What happens after that???

Do not pass go, do not collect $250,000 dollars?

2 comments:

nonnie9999 said...

out of 19 banks, 10 of them are in the southeast. i wonder if it's just a coincidence.

Fran said...

I dunno, but Georgia & Florida are taking the lead in failed banks this round.

Still 41 banks just kind of quietly, going under in just the first quarter of the year.

Will 164 banks go under this year alone?

Damn! Maybe we can use all those empty bank buildings for new public option medical centers of the future??