24 Bank Failures in July alone

August 4, 2009
Matt Isleib

 

In July the Fed seized 24 banks in the month alone bringing the total for all of 2009 to 69 banks that have been seized by the Fed. The “watch list” of troubled banks is still extensive and the likelihood of another large bank failure like a Washington Mutual is certainly a strong possibility. To date the FDIC Insurance Funds has been hammered to the tune of $14.677 billion.

53) Bank of Wyoming, Thermopolis, WY Cost to the FDIC $27 million

54) First Piedmont Bank, Winder, GA Cost to the FDIC $29 million

55) BankFirst, Sioux Falls, SD Cost to the FDIC $91 million

56) Vineyard Bank, Rancho Cucamonga, CA Cost to the FDIC $529 million

57) Temecula Valley Bank, Temecula, CA Cost to the FDIC $391 million

58)Waterford Village Bank, Williamsville, NY Cost to the FDIC $5.6 million

59) Security Bank of Gwinnett County, Suwanee, GA

60) Security Bank of North Fulton, Alpharetta, GA

61) Security Bank of North Metro, Woodstock, GA

62) Security Bank of Bibb County, Macon, GA

63) Security Bank of Houston County, Perry, GA

64) Security Bank of Jones County, Gray, GA Cost to the FDIC $807 million between the six banks

65) First State Bank of Altus, Altus, OK Cost to the FDIC $25.2

66) Integrity Bank, Jupiter, FL Cost to the FDIC $46 million

67) Peoples Community Bank, West Chester, OH Cost to the FDIC $129.5 million

68) First BankAmericano, Elizabeth, NJ Cost to the FDIC $15 million

69) Mutual Bank, Harvey IL Cost to the FDIC $696 million