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A history of bank failures

Friday, August 29, 2008

U.S. BANK FAILURES, 2008

Date failedBankHeadquartersAssets
Aug. 29Integrity BancsharesAlpharetta, Ga.$1.1 billion
Aug. 22The Columbian Bank and TrustTopeka, Kan.$752 million
Aug. 1First Priority BankBradenton, Fla.$259 million
July 25First National Bank of NevadaReno, Nev.$3.4 billion
July 25First Heritage BankNewport Beach, Calif.$254 million
July 11IndyMac BankPasadena, Calif.$32.01 billion
May 30First Integrity BankStaples, Minn.$54.7 million
May 9ANB FinancialBentonville, Ark.$2.1 billion
March 7Hume BankHume, Mo.$18.7 million
Jan. 25Douglass National BankKansas City, Mo.$58.5 million

 

GEORGIA BANK FAILURES, 1934-PRESENT
Ranked by assets (dollars in thousands)

Bank Location Failure date Deposits Assets
Netbank Alpharetta 9/28/07   1,500,000   2,500,000
Fulton FSA Atlanta 1/4/91 1,380,514 2,016,621
Integrity Alpharetta 8/29/08 974,000 1,107,514
Great Southern FS&LA Savannah 6/22/89 629,870 880,160
First FS&LA Atlanta 3/9/89 249,784 300,987
First FS&LA Columbus 12/1/88 241,623 265,719
Southern FSA of Ga Atlanta 7/10/92 151,424 159,982
Federal SB, FSB Swainsboro 3/22/91 131,244 150,907
First Federal SA Warner Robins 4/12/90 144,101 150,053
Amtrade International Bank of Georgia Atlanta 9/30/02 95,819 122,283
United FSB Smyrna 5/31/91 106,033 119,333
Peach State FS&LA Bremen 2/5/82 84,229 115,922
First FSB of Georgia, FA Winder 11/6/92 97,532 108,173
Peachtree FS&LA Atlanta 12/20/82 77,140 104,979
Habersham FS&LA Cornelia 6/22/89 90,802 93,297
Cobb FSA Marietta 11/8/91 82,813 83,159
Southern Federal SB Thomasville 1/19/89 68,505 76,623
Moultrie SB, FSB Moultrie 6/15/90 52,651 65,753
The Citizens Bank Dallas 1/10/92 59,063 60,568
Cartersville FSB of Georgia Cartersville 3/30/89 58,748 56,726
First Savings of Americus Americus 6/22/89 49,767 54,422
First FS&LA of Crisp County Cordele 12/20/82 44,195 44,595
The Hamilton Bank and Trust Co. Atlanta 10/8/76 32,022 40,075
First Fs, FSB Dallas 2/22/91 36,235 37,523
First Community Bank of Cherokee Woodstock 3/31/92 33,714 35,648
Guaranty FS&LA Adel 2/5/82 30,979 34,847
First FS&LA Summerville 3/9/89 35,411 32,804
Mutual Federal Savings Bank of Atlanta Atlanta 3/10/00 32,234 31,479
First FSB, FSB Ashburn 4/5/91 30,573 30,156
Guaranty FSA Warner Robins 5/10/91 23,606 25,648
First Augusta Bank & Trust Co. Augusta 5/20/77 20,017 24,223
First FS&LA of Sylvania Sylvania 2/5/82 16,014 17,534
Peoples Banking Co. Boston 3/17/81 8,103 8,391
Toney Brothers Bank Doerun 1/5/79 5,791 5,869
Bank of Ochlochnee Ochlochnee 9/7/61 872 984
Chattooga County Bank Summerville 7/13/37 205 265
Pickens County Bank Jasper 10/13/34 210 243
Merchants & Farmers Bank Marietta 7/22/35 132 227
The Claxton State Bank Claxton 7/20/40 162 223
The Farmers Bank Royston 5/2/35 108 166
The Bank of Leslie Leslie 9/18/40 113 141
Bank of Ila Ila 8/9/54 60 98
Bank of Grantville Grantville 7/20/35 48 91
Bank of Eton Eton 10/12/38 29 N/A

— Source: FDIC

Alpharetta-based Integrity bank fails

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