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IndyMac Bank 33rd to Fail Since October 2000

July 12th, 2008 · 2 Comments

On the heels of yesterday’s post about what many in news media and financial sectors are describing as the second-largest bank failure in U.S. history, I wondered how many other banks had failed in recent years. A page at the FDIC web site offered this list of 33 banks which have failed since October 1, 2000:

Bank Name Closing Date Updated Date
IndyMac Bank, Pasadena, CA July 11, 2008 July 11, 2008
First Integrity Bank, NA, Staples, MN May 30, 2008 May 30, 2008
ANB Financial, NA, Bentonville, AR May 9, 2008 May 9, 2008
Hume Bank, Hume, MO March 7, 2008 July 1, 2008
Douglass National Bank, Kansas City, MO January 25, 2008 June 17, 2008
Miami Valley Bank, Lakeview, OH October 4, 2007 April 28, 2008
NetBank, Alpharetta, GA September 28, 2007 April 28, 2008
Metropolitan Savings Bank, Pittsburgh, PA February 2, 2007 April 28, 2008
Bank of Ephraim, Ephraim, UT June 25, 2004 April 9, 2008
Reliance Bank, White Plains, NY March 19, 2004 April 9, 2008
Guaranty National Bank of Tallahassee, Tallahassee, FL March 12, 2004 April 28, 2008
Dollar Savings Bank, Newark, New Jersey February 14, 2004 April 9, 2008
Pulaski Savings Bank, Philadelphia, PA November 14, 2003 July 22, 2005
The First National Bank of Blanchardville, Blanchardville, WI May 9, 2003 April 28, 2008
Southern Pacific Bank, Torrance, CA February 7, 2003 April 28, 2008
The Farmers Bank of Cheneyville, Cheneyville, LA December 17, 2002 October 20, 2004
The Bank of Alamo, Alamo, TN November 8, 2002 March 18, 2005
AmTrade International Bank of Georgia, Atlanta, GA September 30, 2002 September 11, 2006
AmTrade International Bank of Georgia, Atlanta, GA
Spanish Version		 September 30, 2002 September 11, 2006
Universal Federal Savings Bank, Chicago, IL June 27, 2002 April 9, 2008
Connecticut Bank of Commerce, Stamford, CT June 26, 2002 April 28, 2008
New Century Bank, Shelby Township, MI March 28, 2002 March 18, 2005
Net 1st National Bank, Boca Raton, FL March 1, 2002 April 9, 2008
NextBank, N.A., Phoenix, AZ February 7, 2002 April 28, 2008
Oakwood Deposit Bank Company, Oakwood, OH February 1, 2002 April 28, 2008
Bank of Sierra Blanca, Sierra Blanca, TX January 18, 2002 November 6, 2003
Hamilton Bank, N.A., Miami, FL
Spanish Version		 January 11, 2002 April 28, 2008
Sinclair National Bank, Gravette, AR September 7, 2001 February 10, 2004
Superior Bank, FSB, Hinsdale, IL July 27, 2001 April 28, 2008
The Malta National Bank, Malta, OH May 3, 2001 November 18, 2002
First Alliance Bank & Trust Company, Manchester, NH February 2, 2001 February 18, 2003
National State Bank of Metropolis, Metropolis, IL December 14, 2000 March 17, 2005
Bank of Honolulu, Honolulu, HI October 13, 2000 March 17, 2005
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2 responses so far ↓

  • 1 Janis // Jul 14, 2008 at 10:40 am

    Where’s a good website to go to for a “headsup” before the banks close?

  • 2 Skydance // Jul 19, 2008 at 10:56 am

    Janis, any advance word of a pending bank closure would be a self-fulfilling prophecy: hints of bank failure would cause depositors to “make a run on the bank,” withdrawing their deposits and “causing” an unsteady bank to fail. That’s why FDIC was created: so consumers (up to $100,000) didn’t need to worry.

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