The 2008 financial crisis left a deep scar on the global economy.Recollections of bank collapses during the Great Depression instilled fear. This blog post dives into bank failures that occurred between 2009 and 2024, a period marked by significant recovery and reform in the banking industry.

What Happens During a Bank Failure?

Imagine you entrust your money to a bank, like putting it in a secure vault.A bank failure happens when the bank is unable to meet its financial commitments. This means it can’t pay back the deposited money to its customers. This can happen due to various reasons, including bad loans, risky investments, or economic downturns.

The Fallout of 2008: A Wave of Bank Closures

The 2008 crisis exposed reckless lending practices by many financial institutions. This resulted in a wave of bank failures in the early years following the crash. According to the Federal Deposit Insurance Corporation (FDIC), there were a staggering 489 bank failures between 2008 and 2012. Risky loans went sour, leaving banks with bad debts they couldn’t manage.

The FDIC: Your Financial Safety Net

But there’s good news! The Federal Deposit Insurance Corporation (FDIC) acts as a safety net for depositors. The majority of banks in the United States are insured by the FDIC.This means your money is insured for up to a certain amount, currently capped at $250,000 per depositor. So, even if a bank fails, your money is protected, up to that limit.

A Period of Increased Stability (Post-2009)

Following the crisis, stricter regulations were implemented to prevent similar situations from happening again. Banks adopted more responsible lending practices and focused on building stronger financial reserves.This led to a notable decrease in bank failures post-2009.The FDIC reports a dramatic decrease, with only 6 bank failures in 2020.

Beyond the Numbers: The Human Impact

While the numbers show a decline in bank failures, it’s important to acknowledge the human impact. According to a study by the FDIC, over 1.5 million jobs were lost in the financial services industry during the peak years of bank failures. Additionally, access to credit for small businesses and local economies was severely disrupted. The recovery, while positive, took time for many communities.

A Closer Look at Recent Events: 2023 and 2024

The year 2023 saw a surprising shift. After a period of relative stability, the industry witnessed several significant bank failures. Silicon Valley Bank, a major player in the tech industry, collapsed in March 2023, holding over $42 billion in deposits exceeding the FDIC insurance limit. This was followed by the failure of Signature Bank, another prominent institution. Later in the year, First Republic Bank, a large California bank, also failed. These high-profile failures raised concerns about potential weaknesses in the system, particularly for larger institutions with a high concentration of uninsured deposits.

Protecting Yourself: Tips for Depositors

Here are some essential tips to keep your money safe in the banking system:

Check for FDIC Insurance: Before opening an account, verify that the bank is FDIC-insured. You can find this information on the bank’s website or by checking the FDIC’s website directly.

Spread Your Deposits: Don’t keep all your eggs in one basket! Consider distributing your deposits among various FDIC-insured banks. This way, even if one bank fails, your money will still be protected up to the FDIC limit for each bank.

Stay Informed: Financial news can be complex, but keeping yourself informed about potential risks can help you make informed decisions about your money.

Beware of Scams: Regrettably, scammers frequently aim at bank accounts. Exercise caution when divulging your financial details online or via phone. Never click on suspicious links or attachments in emails, and avoid giving out your account details unless you’re absolutely certain you’re dealing with a legitimate representative of your bank.

Consider Additional Security Measures: Some banks offer additional security features, such as two-factor authentication for logins and transaction alerts. Utilizing these features can provide an extra layer of security for your funds.

List of failed banks from 2009 – 2020

2020 list of failed banks

Failed banksDate closed
Almena State Bank, Almena, Kan.10/23/2020
First City Bank of Florida, Fort Walton Beach, Fla.10/16/2020
The First State Bank, Barboursville, W.Va.04/03/2020
Ericson State Bank, Ericson, Neb.02/14/2020

2019 list of failed banks

Failed banksDate closed
City National Bank of New Jersey, Newark11/1/2019
Resolute Bank, Maumee, Ohio10/25/2019
Louisa Community Bank, Louisa, Ky.10/25/2019
The Enloe State Bank, Cooper, Texas05/31/2019

2018 list of failed banks

Failed banksDate closed
NoneN/A

2017 list of failed banks

Failed banksDate closed
Washington Federal Bank for Savings, Chicago12/15/2017
The Farmers and Merchants State Bank of Argonia, Argonia, Kan.10/13/2017
Fayette County Bank, Saint Elmo, Ill.05/26/2017
Guaranty Bank, (dba BestBank in Georgia and Michigan), Milwaukee05/05/2017
First NBC Bank, New Orleans04/28/2017
Proficio Bank, Cottonwood Heights, Utah03/03/2017
Seaway Bank & Trust Co., Chicago01/27/2017
Harvest Community Bank, Pennsville, N.J.01/13/2017

2016 list of failed banks

Failed banksDate closed
Allied Bank, Mulberry, Ark.09/23/2016
The Woodbury Banking Company, Woodbury, Ga.08/19/2016
First CornerStone Bank, King of Prussia, Pa.05/06/2016
Trust Company Bank, Memphis, Tenn.04/29/2016
North Milwaukee State Bank, Milwaukee03/11/2016

2015 list of failed banks

Failed banksDate closed
Hometown National Bank, Longview, Wash.10/02/2015
The Bank of Georgia, Peachtree City, Ga.10/02/2015
Premier Bank, Denver07/10/2015
Edgebrook Bank, Chicago05/08/2015
Doral Bank, San Juan, Puerto Rico02/27/2015
Capitol City Bank & Trust Co., Atlanta02/13/2015
Highland Community Bank, Chicago01/23/2015
First National Bank of Crestview, Crestview, Fla.01/16/2015

2014 list of failed banks

Failed banksDate closed
Northern Star Bank, Mankato, Minn.12/19/2014
Frontier Bank (dba El Paseo Bank), Palm Desert, Calif.11/07/2014
The National Republic Bank of Chicago10/24/2014
NBRS Financial, Rising Sun, Md.10/17/2014
GreenChoice Bank, Chicago07/25/2014
Eastside Commercial Bank, Conyers, Ga.07/18/2014
The Freedom State Bank, Freedom, Okla.06/27/2014
Valley Bank, Fort Lauderdale, Fla.06/20/2014
Valley Bank, Moline, Ill.06/20/2014
Slavie Federal Savings Bank, Bel Air, Md.05/30/2014
Columbia Savings Bank, Cincinnati05/23/2014
AztecAmerica Bank, Berwyn, Ill.05/16/2014
Allendale County Bank, Fairfax, S.C.04/25/2014
Vantage Point Bank, Horsham, Pa.02/28/2014
Millennium Bank, Sterling, Va.02/28/2014
Syringa Bank, Boise, Idaho01/31/2014
The Bank of Union, El Reno, Okla.01/24/2014
DuPage National Bank, West Chicago, Ill.01/17/2014

2013 list of failed banks

Failed banksDate closed
Texas Community Bank, The Woodlands, Texas12/13/2013
Bank of Jackson County, Graceville, Fla.10/30/2013
First National Bank, Edinburg, Texas9/13/2013
The Community’s Bank, Bridgeport, Conn.9/13/2013
Sunrise Bank of Arizona, Phoenix8/23/2013
Community South Bank, Parsons, Tenn.8/23/2013
Bank of Wausau, Wausau, Wis.8/9/2013
First Community Bank of Southwest Florida (also operating as Community Bank of Cape Coral), Ft. Myers8/2/2013
Mountain National Bank, Sevierville, Tenn.6/7/2013
1st Commerce Bank, North Las Vegas, Nev.6/6/2013
Banks of Wisconsin (dba Bank of Kenosha), Kenosha5/31/2013
Central Arizona Bank, Scottsdale, Ariz.5/14/2013
Sunrise Bank, Valdosta, Ga.5/10/2013
Pisgah Community Bank, Asheville, N.C.5/10/2013
Douglas County Bank, Douglasville, Ga.4/26/2013
Parkway Bank, Lenoir, N.C.4/26/2013
Chipola Community Bank, Marianna, Fla.4/19/2013
Heritage Bank of North Florida, Orange Park4/19/2013
First Federal Bank, Lexington, Ky.4/19/2013
Gold Canyon Bank, Gold Canyon, Ariz.4/5/2013
Frontier Bank, LaGrange, Ga.3/8/2013
Covenant Bank, Chicago2/15/2013
1st Regents Bank, Andover, Minn.1/18/2013
Westside Community Bank, University Place, Wash.1/11/2013

2012 list of failed banks

Failed banksDate closed
Community Bank of the Ozarks, Sunrise Beach, Mo.12/14/2012
Hometown Community Bank, Braselton, Ga.11/16/2012
Citizens First National Bank, Princeton, Ill.11/2/2012
Heritage Bank of Florida, Lutz, Fla.11/2/2012
NOVA Bank, Berwyn, Pa.10/26/2012
Excel Bank, Sedalia, Mo.10/19/2012
First East Side Savings Bank, Tamarac, Fla.10/19/2012
GulfSouth Private Bank, Destin, Fla.10/19/2012
First United Bank, Crete, Ill.9/28/2012
Truman Bank, St. Louis9/14/2012
First Commercial Bank, Bloomington, Minn.9/7/2012
Waukegan Savings Bank, Waukegan, Ill.8/3/2012
Jasper Banking Company, Jasper, Ga.7/27/2012
Second Federal Savings and Loan Association of Chicago7/20/2012
Heartland Bank, Leawood, Kan.7/20/2012
First Cherokee State Bank, Woodstock, Ga.7/20/2012
Georgia Trust Bank, Buford, Ga.7/20/2012
The Royal Palm Bank, Naples, Fla.7/20/2012
Glasgow Savings Bank, Glasgow, Mo.7/13/2012
Montgomery Bank & Trust, Ailey, Ga.7/6/2012
The Farmers Bank of Lynchburg, Lynchburg, Tenn.6/15/2012
Security Exchange Bank, Marietta, Ga.6/15/2012
Putnam State Bank, Palatka, Fla.6/15/2012
Waccamaw Bank, Whiteville, N.C.6/8/2012
Farmers’ and Traders’ State Bank, Shabbona, Ill.6/8/2012
Carolina Federal Savings Bank, Charleston, S.C.6/8/2012
First Capital Bank, Kingfisher, Okla.6/8/2012
Alabama Trust Bank, Sylacuaga, Ala.5/18/2012
Security Bank, North Lauderdale, Fla.5/4/2012
Palm Desert National Bank, Palm Desert, Calif.4/27/2012
Plantation Federal Bank, Pawleys Island, S.C.4/27/2012
Inter Savings Bank, Maple Grove, Minn.4/27/2012
HarVest Bank of Maryland, Gaithersburg, Md.4/27/2012
Bank of the Eastern Shore, Cambridge, Md.4/27/2012
Fort Lee Federal Savings Bank, Fort Lee, N.J.4/20/2012
Fidelity Bank, Dearborn, Mich.3/30/2012
Covenant Bank & Trust, Rock Spring, Ga.3/23/2012
Premier Bank, Wilmette, Ill.3/23/2012
New City Bank, Chicago3/9/2012
Global Commerce Bank, Doraville, Ga.3/2/2012
Home Savings of America, Little Falls, Minn.2/24/2012
Central Bank of Georgia, Ellaville, Ga.2/24/2012
SCB Bank, Shelbyville, Ind2/10/2012
Charter National Bank and Trust, Barrington, Ill.2/10/2012
BankEast, Knoxville, Tenn.1/27/2012
Patriot Bank Minnesota, Forest Lake, Minn.1/27/2012
Tennessee Commerce Bank, Franklin, Tenn.1/27/2012
First Guaranty Bank & Trust Company of Jacksonville, Jacksonville, Fla.1/27/2012
American Eagle Savings Bank, Boothwyn, Pa.1/20/2012
The First State Bank, Stockbridge, Ga.1/20/2012
Central Florida State Bank, Belleview1/20/2012

2011 list of failed banks

Failed banksDate closed
Western National Bank, Phoenix12/16/2011
Premier Community Bank of the Emerald Coast, Crestview, Fla.12/16/2011
Central Progressive Bank, Lacombe, La.11/18/2011
Polk County Bank, Johnston, Iowa11/18/2011
Community Bank of Rockmart, Rockmart, Ga.11/10/2011
SunFirst Bank, St. George, Utah11/4/2011
Mid City Bank Inc., Omaha, Neb.11/4/2011
All American Bank, Des Plaines, Ill.10/28/2011
Community Banks of Colorado, Greenwood Village10/21/2011
Community Capital Bank, Jonesboro, Ga.10/21/2011
Decatur First Bank, Decatur, Ga.10/21/2011
Old Harbor Bank, Clearwater, Fla.10/21/2011
Country Bank, Aledo, Ill.10/14/2011
First State Bank, Cranford, N.J.10/14/2011
Blue Ridge Savings Bank, Asheville, N.C.10/14/2011
Piedmont Community Bank, Gray, Ga.10/14/2011
Sun Security Bank, Ellington, Mo.10/07/2011
The RiverBank, Wyoming, Minn.10/07/2011
First International Bank, Plano, Texas9/30/2011
Citizens Bank of Northern California, Nevada City9/23/2011
Bank of the Commonwealth, Norfolk, Va.9/23/2011
The First National Bank of Florida, Milton, Fla.9/09/2011
CreekSide Bank, Woodstock, Ga.9/02/2011
Patriot Bank of Georgia, Cumming, Ga.9/02/2011
First Choice Bank, Geneva, Ill.8/19/2011
First Southern National Bank, Statesboro, Ga.8/19/2011
Lydian Private Bank, Palm Beach, Fl.8/19/2011
Public Savings Bank, Huntingdon Valley, Pa.8/18/2011
The First National Bank of Olathe, Olathe, Kan.8/12/2011
Bank of Whitman, Colfax, Wash.8/5/2011
Bank of Shorewood, Shorewood, Ill.8/5/2011
Integra Bank, Evansville, Ind.7/29/2011
BankMeridian, Columbia, S.C.7/29/2011
Virginia Business Bank, Richmond, Va.7/22/2011
Bank of Choice, Greeley, Colo.7/22/2011
LandMark Bank of Florida, Sarasota, Fla.7/22/2011
Southshore Community Bank, Apollo Beach, Fla.7/22/2011
Summit Bank, Prescott, Ariz.7/15/2011
First Peoples Bank, Port St. Lucie, Fla.7/15/2011
High Trust Bank, Stockbridge, Ga.7/15/2011
One Georgia Bank, Atlanta, Ga.7/15/2011
Signature Bank, Windsor, Colo.7/8/2011
Colorado Capital Bank, Castle Rock, Colo.7/8/2011
First Chicago Bank & Trust, Chicago7/8/2011
Mountain Heritage Bank, Clayton, Ga.6/24/2011
First Commercial Bank of Tampa Bay, Tampa, Fla.6/17/2011
McIntosh State Bank, Jackson, Ga.6/17/2011
Atlantic Bank & Trust, Charleston, S.C.6/3/2011
First Heritage Bank, Snohomish, Wash.5/27/2011
Summit Bank, Burlington, Wash.5/20/2011
First Georgia Banking Company, Franklin, Ga.5/20/2011
Atlantic Southern Bank, Macon, Ga.5/20/2011
Coastal Bank, Cocoa Beach, Fla.5/6/2011
Community Central Bank, Mount Clemens, Mich.4/29/2011
The Park Avenue Bank, Valdosta, Ga.4/29/2011
First Choice Community Bank, Dallas, Ga.4/29/2011
Cortez Community Bank, Brooksville, Fla.4/29/2011
First National Bank of Central Florida, Winter Park, Fla.4/29/2011
Heritage Banking Group, Carthage, Miss.4/15/2011
Rosemount National Bank, Rosemount, Minn.4/15/2011
Superior Bank, Birmingham, Ala.4/15/2011
Nexity Bank, Birmingham, Ala.4/15/2011
New Horizons Bank, East Ellijay, Ga.4/15/2011
Bartow County Bank, Cartersville, Ga.4/15/2011
Nevada Commerce Bank, Las Vegas4/8/2011
Western Springs National Bank & Trust, Western Springs, Ill.4/8/2011
The Bank of Commerce, Wood Dale, Ill.3/25/2011
Legacy Bank, Milwaukee, Wis.3/11/2011
First National Bank of Davis, Davis, Okla.3/11/2011
Valley Community Bank, St. Charles, Ill.2/25/2011
San Luis Trust Bank, San Luis Obispo, Calif.2/18/2011
Charter Oaks Bank, Napa, Calif.2/18/2011
Citizens Bank of Effingham, Springfield, Ga.2/18/2011
Habersham Bank, Clarksville, Ga.2/18/2011
Canyon National Bank, Palm Springs, Calif.2/11/2011
Badger State Bank, Cassville, Wis.2/11/2011
Peoples State Bank, Hamtramck, Mich.2/11/2011
Sunshine State Community Bank, Port Orange, Fla.2/11/2011
Community First Bank Chicago2/4/2011
North Georgia Bank, Watkinsville, Ga.2/4/2011
American Trust Bank, Roswell, Ga.2/4/2011
First Community Bank, Taos, N.M.1/28/2011
FirsTier Bank, Louisville, Colo.1/28/2011
Evergreen State Bank, Stoughton, Wis.1/28/2011
The First State Bank, Camargo, Okla.1/28/2011
United Western Bank, Denver1/21/2011
The Bank of Asheville, Asheville, N.C.1/21/2011
CommunitySouth Bank and Trust, Easley, S.C.1/21/2011
Enterprise Banking Company, McDonough, Ga.1/21/2011
Oglethorpe Bank, Brunswick, Ga.1/14/2011
Legacy Bank, Scottsdale, Ariz.1/7/2011
First Commercial Bank of Florida, Orlando1/7/2011

2010 list of failed banks

Failed banksDate closed
Community National Bank, Lino Lakes, Minn.12/17/2010
First Southern Bank, Batesville, Ark.12/17/2010
United Americas Bank, Atlanta12/17/2010
Appalachian Community Bank, McCaysville, Ga.12/17/2010
Chestatee State Bank, Dawsonville, Ga.12/17/2010
The Bank of Miami, Coral Gables, Fla.12/17/2010
Earthstar Bank, Southampton, Pa.12/10/2010
Paramount Bank, Farmington Hills, Mich.12/10/2010
First Banking Center, Burlington, Wis.11/19/2010
Allegiance Bank of North America, Bala Cynwyd, Pa.11/19/2010
Gulf State Community Bank, Carrabelle, Fla.11/19/2010
Copper Star Bank, Scottsdale, Ariz.11/12/2010
Darby Bank & Trust Co., Vidalia, Ga.11/12/2010
Tifton Banking Company, Tifton, Ga.11/12/2010
First Vietnamese American Bank, Westminster, Calif.11/5/2010
Pierce Commercial Bank, Tacoma, Wash.11/5/2010
Western Commercial Bank, Woodland Hills, Calif.11/5/2010
K Bank, Randallstown, Md.11/5/2010
First Arizona Savings, Scottsdale, Ariz.10/22/2010
Hillcrest Bank, Overland Park, Kan.10/22/2010
First Suburban National Bank, Maywood, Ill.10/22/2010
The First National Bank of Barnesville, Barnesville, Ga.10/22/2010
The Gordon Bank, Gordon, Ga.10/22/2010
Progress Bank of Florida, Tampa10/22/2010
First Bank of Jacksonville, Jacksonville, Fla.10/22/2010
Premier Bank, Jefferson City, Mo.10/15/2010
WestBridge Bank & Trust Co., Chesterfield, Mo.10/15/2010
Security Savings Bank, Olathe, Kan.10/15/2010
Shoreline Bank, Shoreline, Wash.10/1/2010
Wakulla Bank, Crawfordville, Fla.10/1/2010
North County Bank, Arlington, Wash.9/24/2010
Haven Trust Bank Florida, Ponte Verde Beach, Fla.9/24/2010
Maritime Savings Bank, West Allis, Wis.9/17/2010
Bramble Savings Bank, Milford, Ohio9/17/2010
The Peoples Bank, Winder, Ga.9/17/2010
First Commerce Community Bank, Douglasville, Ga.9/17/2010
Bank of Ellijay, Ellijay, Ga.9/17/2010
ISN Bank, Cherry Hill, N.J.9/17/2010
Horizon Bank, Bradenton, Fla.9/10/2010
Sonoma Valley Bank, Sonoma, Calif.8/20/2010
Los Padres Bank, Solvang, Calif.8/20/2010
Butte Community Bank, Chico, Calif.8/20/2010
Pacific State Bank, Stockton, Calif.8/20/2010
ShoreBank, Chicago8/20/2010
Imperial Savings and Loan Association, Martinsville, Va.8/20/2010
Independent National Bank, Ocala, Fla.8/20/2010
Community National Bank at Bartow, Bartow, Fla.8/20/2010
Palos Bank and Trust Company, Palos Heights, Ill.8/13/2010
Ravenswood Bank, Chicago8/6/2010
LibertyBank, Eugene, Ore.7/30/2010
The Cowlitz Bank, Longview, Wash.7/30/2010
Coastal Community Bank, Panama City Beach, Fla.7/30/2010
Bayside Savings Bank, Port St. Joe, Fla.7/30/2010
NorthWest Bank and Trust, Acworth, Ga.7/30/2010
Home Valley Bank, Cave Junction, Ore.7/23/2010
SouthwestUSA Bank, Las Vegas7/23/2010
Community Security Bank, New Prague, Minn.7/23/2010
Thunder Bank, Sylvan Grove, Kan.7/23/2010
Williamsburg First National Bank, Kingstree, S.C.7/23/2010
Crescent Bank and Trust Company, Jasper, Ga.7/23/2010
Sterling Bank, Lantana, Fla.7/23/2010
Mainstreet Savings Bank, Hastings, Mich.7/16/2010
Olde Cypress Community Bank, Clewiston, Fla.7/16/2010
Turnberry Bank, Aventura, Fla.7/16/2010
Metro Bank of Dade County, Miami7/16/2010
First National Bank of the South, Spartanburg, S.C.7/16/2010
Woodlands Bank, Bluffton, S.C.7/16/2010
Home National Bank, Blackwell, Okla.7/09/2010
USA Bank, Port Chester, N.Y.7/09/2010
Ideal Federal Savings Bank, Baltimore, Md.7/09/2010
Bay National Bank, Baltimore, Md.7/09/2010
High Desert State Bank, Albuquerque, N.M.6/25/2010
First National Bank, Savannah, Ga.6/25/2010
Peninsula Bank, Englewood, Fla.6/25/2010
Nevada Security Bank, Reno6/18/2010
Washington First International Bank, Seattle6/11/2010
TierOne Bank, Lincoln, Neb.6/04/2010
Arcola Homestead Savings Bank, Arcola, Ill.6/04/2010
First National Bank, Rosedale, Miss.6/04/2010
Sun West Bank, Las Vegas5/28/2010
Granite Community Bank Granite Bay, Calif.5/28/2010
Bank of Florida – Tampa5/28/2010
Bank of Florida – Southwest, Naples5/28/2010
Bank of Florida – Southeast, Fort Lauderdale5/28/2010
Pinehurst Bank, Saint Paul, Minn.5/21/2010
Midwest Bank & Trust Co., Elmwood Park, Ill.5/14/2010
Southwest Community Bank, Springfield, Mo.5/14/2010
New Liberty Bank, Plymouth, Mich.5/14/2010
Satilla Community Bank, Saint Marys, Ga.5/14/2010
1st Pacific Bank of California, San Diego5/07/2010
Towne Bank of Arizona, Mesa5/07/2010
Access Bank, Champlin, Minn.5/07/2010
The Bank of Bonifay, Bonifay, Fla.5/07/2010
Frontier Bank, Everett, Wash.4/30/2010
BC National Banks, Butler, Mo.4/30/2010
Champion Bank, Creve Coeur, Mo.4/30/2010
CF Bancorp, Port Huron, Mich.4/30/2010
Westernbank Puerto Rico, Mayaguez4/30/2010
R-G Premier Bank of Puerto Rico, Hato Rey4/30/2010
Eurobank, San Juan, Puerto Rico4/30/2010
Wheatland Bank, Naperville, Ill.4/23/2010
Peotone Bank & Trust Co., Peotone, Ill.4/23/2010
Lincoln Park Savings Bank, Chicago4/23/2010
New Century Bank, Chicago4/23/2010
Citizens Bank & Trust Co. of Chicago4/23/2010
Broadway Bank, Chicago4/23/2010
Amcore Bank, Rockford, Ill.4/23/2010
City Bank, Lynnwood, Wash.4/16/2010
Tamalpais Bank, San Rafael, Calif.4/16/2010
Innovative Bank, Oakland, Calif.4/16/2010
Butler Bank, Lowell, Mass.4/16/2010
Riverside National Bank of Florida, Fort Pierce4/16/2010
AmericanFirst Bank, Clermont, Fla.4/16/2010
First Federal Bank of North Florida, Palatka4/16/2010
Lakeside Community Bank, Sterling Heights, Mich.4/16/2010
Beach First National Bank, Myrtle Beach, S.C.4/09/2010
Desert Hills Bank, Phoenix3/26/2010
Unity National Bank, Cartersville, Ga.3/26/2010
Key West Bank, Key West, Fla.3/26/2010
McIntosh Commercial Bank, Carrollton, Ga.3/26/2010
State Bank of Aurora, Aurora, Minn.3/19/2010
First Lowndes Bank, Fort Deposit, Ala.3/19/2010
Bank of Hiawassee, Hiawassee, Ga.3/19/2010
Appalachian Community Bank, Ellijay, Ga.3/19/2010
Advanta Bank Corp, Draper, Utah3/19/2010
Century Security Bank, Duluth, Minn.3/19/2010
American National Bank, Parma, Ohio3/19/2010
Statewide Bank, Covington, La.3/12/2010
Old Southern Bank, Orlando, Fla.3/12/2010
The Park Avenue Bank, New York3/12/2010
LibertyPointe Bank, New York3/11/2010
Centennial Bank, Ogden, Utah3/5/2010
Waterfield Bank, Germantown, Md.3/5/2010
Bank of Illinois, Normal3/5/2010
Sun American Bank, Boca Raton, Fla.3/5/2010
Rainier Pacific Bank, Tacoma, Wash.2/26/2010
Carson River Community Bank, Carson City, Nev.2/26/2010
La Jolla Bank, La Jolla, Calif.2/19/2010
George Washington Savings Bank, Orland Park, Ill.2/19/2010
The La Coste National Bank, La Coste, Texas2/19/2010
Marco Community Bank, Marco Island, Fla.2/19/2010
First American State Bank of Minnesota, Hancock2/05/2010
American Marine Bank, Bainbridge Island, Wash.1/29/2010
First Regional Bank, Los Angeles1/29/2010
Community Bank & Trust, Cornelia, Ga.1/29/2010
Marshall Bank, Hallock, Minn.1/29/2010
Florida Community Bank, Immokalee, Florida1/29/2010
First National Bank of Georgia, Carrollton1/29/2010
Columbia River Bank, The Dalles, Ore.1/22/2010
Evergreen Bank, Seattle1/22/2010
Charter Bank, Santa Fe, N.M.1/22/2010
Bank of Leeton, Leeton, Mo.1/22/2010
Premier American Bank, Miami, Fla.1/22/2010
Barnes Banking Company, Kaysville, Utah1/15/2010
St. Stephen State Bank, St. Stephen, Minn.1/15/2010
Town Community Bank & Trust, Antioch, Ill.1/15/2010
Horizon Bank, Bellingham, Wash.1/08/2010

2009 list of failed banks

Failed banksDate closed
First Federal Bank of California, Santa Monica12/18/2009
Imperial Capital Bank, La Jolla, Calif.12/18/2009
Independent Bankers’ Bank, Springfield, Ill.12/18/2009
New South Federal Savings Bank, Irondale, Ala.12/18/2009
Citizens State Bank, New Baltimore, Mich.12/18/2009
Peoples First Community Bank, Panama City, Fla.12/18/2009
RockBridge Commercial Bank, Atlanta12/18/2009
SolutionsBank, Overland Park, Kan.12/11/2009
Valley Capital Bank, Mesa, Az.12/11/2009
Republic Federal Bank, Miami12/11/2009
Greater Atlantic Bank, Reston, Va.12/04/2009
Benchmark Bank, Aurora, Ill.12/04/2009
AmTrust Bank, Cleveland12/04/2009
The Tattnall Bank, Reidsville, Ga.12/04/2009
First Security National Bank, Norcross, Ga.12/04/2009
The Buckhead Community Bank, Atlanta12/04/2009
Commerce Bank of Southwest Florida, Fort Myers, Fla.11/20/2009
Pacific Coast National Bank, San Clemente, Calif.11/13/2009
Orion Bank, Naples, Fla.11/13/2009
Century Bank, a Federal Savings Bank, Sarasota, Fla.11/13/2009
United Commercial Bank, San Francisco11/6/2009
Gateway Bank of St. Louis11/6/2009
Prosperan Bank, Oakdale, Minn.11/6/2009
Home Federal Savings Bank, Detroit11/6/2009
United Security Bank, Sparta, Ga.11/6/2009
North Houston Bank, Houston10/30/2009
Madisonville State Bank, Madisonville, Texas10/30/2009
Citizens National Bank, Teague, Texas10/30/2009
Park National Bank, Chicago10/30/2009
Pacific National Bank, San Francisco10/30/2009
California National Bank, Los Angeles10/30/2009
San Diego National Bank, San Diego10/30/2009
Community Bank of Lemont, Lemont, Ill.10/30/2009
Bank USA, Phoenix10/30/2009
First DuPage Bank, Westmont, Ill.10/23/2009
Riverview Community Bank, Otsego, Minn.10/23/2009
Bank of Elmwood, Racine, Wis.10/23/2009
Flagship National Bank, Bradenton, Fla.10/23/2009
Hillcrest Bank Florida, Naples10/23/2009
American United Bank, Lawrenceville, Ga.10/23/2009
Partners Bank, Naples, Fla.10/23/2009
San Joaquin Bank, Bakersfield, Calif.10/16/2009
Southern Colorado National Bank, Pueblo, Colo.10/2/2009
Jennings State Bank, Spring Grove, Minn.10/2/2009
Warren Bank, Warren, Mich.10/2/2009
Georgian Bank, Atlanta9/25/2009
Irwin Union Bank, Louisville, Ky.9/18/2009
Irwin Union Bank & Trust Co., Columbus, Ind.9/18/2009
Venture Bank, Lacey, Wash.9/11/2009
Brickwell Community Bank, Woodbury, Minn.9/11/2009
Corus Bank, Chicago9/11/2009
First State Bank, Flagstaff, Ariz.9/4/2009
Platinum Community Bank, Rolling Meadows, Ill.9/4/2009
Vantus Bank, Sioux City, Iowa9/4/2009
InBank, Oak Forest, Ill.9/4/2009
First Bank of Kansas City, Kansas City, Mo.9/4/2009
Affinity Bank, Ventura, Calif.8/28/2009
Mainstreet Bank, Forest Lake, Minn.8/28/2009
Bradford Bank, Baltimore8/28/2009
Guaranty Bank, Austin, Texas8/21/2009
CapitalSouth Bank, Birmingham, Ala.8/21/2009
First Coweta Bank, Newman, Ga.8/21/2009
EBank, Atlanta8/21/2009
Community Bank of Nevada, Las Vegas8/14/2009
Community Bank of Arizona, Phoenix8/14/2009
Union Bank, Gilbert, Ariz.8/14/2009
Colonial Bank, Montgomery, Ala.8/14/2009
Dwelling House Savings and Loan Association, Pittsburgh8/14/2009
Community First Bank, Prineville, Ore.8/7/2009
Community National Bank of Sarasota County, Venice, Fla.8/7/2009
First State Bank, Sarasota, Fla.8/7/2009
Mutual Bank, Harvey, Ill.7/31/2009
First BankAmericano, Elizabeth, N.J.7/31/2009
Peoples Community Bank, West Chester, Ohio7/31/2009
Integrity Bank, Jupiter, Fla.7/31/2009
First State Bank of Altus, Altus, Okla.7/31/2009
Security Bank of Jones County, Gray, Ga.7/24/2009
Security Bank of Houston County, Perry, Ga.7/24/2009
Security Bank of Bibb County, Macon, Ga.7/24/2009
Security Bank of North Metro, Woodstock, Ga.7/24/2009
Security Bank of North Fulton, Alpharetta, Ga.7/24/2009
Security Bank of Gwinnett County, Suwanee, Ga.7/24/2009
Waterford Village Bank, Williamsville, N.Y.7/24/2009
Temecula Valley Bank, Temecula, Calif.7/17/2009
Vineyard Bank, Rancho Cucamonga, Calif.7/17/2009
BankFirst, Sioux Falls, S.D.7/17/2009
First Piedmont Bank, Winder, Ga.7/17/2009
Bank of Wyoming, Thermopolis, Wyo.7/10/2009
Founders Bank, Worth, Ill.7/2/2009
Millennium State Bank of Texas, Dallas7/2/2009
The First National Bank of Danville, Danville, Ill.7/2/2009
The Elizabeth State Bank, Elizabeth, Ill.7/2/2009
Rock River Bank, Oregon, Ill.7/2/2009
The First State Bank of Winchester, Winchester, Ill.7/2/2009
The John Warner Bank, Clinton, Ill.7/2/2009
Mirae Bank, Los Angeles6/26/2009
MetroPacific Bank, Irvine, Calif.6/26/2009
Horizon Bank, Pine City, Minn.6/26/2009
Neighborhood Community Bank, Newnan, Ga.6/26/2009
Community Bank of West Georgia, Villa Rica, Ga.6/26/2009
First National Bank of Anthony, Anthony, Kan.6/19/2009
Cooperative Bank, Wilmington, N.C.6/19/2009
Southern Community Bank, Fayetteville, Ga.6/19/2009
Bank of Lincolnwood, Lincolnwood, Ill.6/5/2009
Citizens National Bank, Macomb, Ill.5/22/2009
Strategic Capital Bank, Champaign, Ill.5/22/2009
BankUnited, Coral Gables, Fla.5/21/2009
Westsound Bank, Bremerton, Wash.5/8/2009
America West Bank, Layton, Utah5/1/2009
Citizens Community Bank, Ridgewood, N.J.5/1/2009
Silverton Bank, Atlanta, Ga.5/1/2009
First Bank of Idaho, Ketchum4/24/2009
First Bank of Beverly Hills, Calabasas, Calif.4/24/2009
Michigan Heritage Bank, Farmington Hills, Mich.4/24/2009
American Southern Bank, Kennesaw, Ga.4/24/2009
Great Basin Bank of Nevada, Elko, Nev.4/17/2009
American Sterling Bank, Sugar Creek, Mo.4/17/2009
New Frontier Bank, Greeley, Colo.4/10/2009
Cape Fear Bank, Wilmington, N.C.4/10/2009
Omni National Bank, Atlanta3/27/2009
Teambank, Paola, Kan.3/20/2009
Colorado National Bank, Colorado Springs, Colo.3/20/2009
FirstCity Bank, Stockbridge, Ga.3/20/2009
Freedom Bank of Georgia, Commerce, Ga.3/6/2009
Security Savings Bank, Henderson, Nev.2/27/2009
Heritage Community Bank, Glenwood, Ill.2/27/2009
Silver Falls Bank, Silverton, Ore.2/20/2009
Pinnacle Bank, Beaverton, Ore.2/13/2009
Corn Belt Bank & Trust Co., Pittsfield, Ill.2/13/2009
Riverside Bank of the Gulf Coast, Cape Coral, Fla.2/13/2009
Sherman County Bank, Loup City, Neb.2/13/2009
County Bank, Merced, Calif.2/6/2009
Alliance Bank, Culver City, Calif.2/6/2009
FirstBank Financial Services, McDonough, Ga.2/6/2009
Ocala National Bank, Ocala, Fla.1/30/2009
Suburban Federal Savings Bank, Crofton, Md.1/30/2009
MagnetBank, Salt Lake City, Utah1/30/2009
1st Centennial Bank, Redlands, Calif.1/23/2009
Bank of Clark County, Vancouver, Wash.1/16/2009
National Bank of Commerce, Berkeley, Ill.1/16/2009

Conclusion

The banking industry has come a long way since the 2008 crisis. The number of bank failures has decreased significantly, and the FDIC safety net provides a level of protection for depositors. However, it’s important to remember that economic cycles are inevitable, and continued vigilance is necessary. By understanding the risks, taking precautions, and staying informed, you can help keep your money safe and navigate the financial landscape with confidence.

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