News, analysis and personal reflections on the markets & the financial sector

Sunday, April 18, 2010

Bank failures: The 8 worst-hit stat

1. Georgia

Unemployment rate: 10.5%

Number of bank failures in last year: 29

Failed banks in last year: Omni National Bank, American Southern Bank, Silverton Bank, Southern Community Bank, Community Bank of West Georgia, Neighborhood Community Bank, First Piedmont Bank, Security Bank of Gwinnett County, Security Bank of North Fulton, Security Bank of North Metro, Security Bank of Bibb County, Security Bank of Houston County, Security Bank of Jones County, ebank, First Coweta Bank, Georgian Bank, American United Bank, United Security Bank, The Buckhead Community Bank, First Security National Bank, The Tattnall Bank, RockBridge Commercial Bank, First National Bank of Georgia, Community Bank and Trust, Century Security Bank, Appalachian Community Bank, Bank of Hiawassee, McIntosh Commercial Bank, Unity National Bank

2. Illinois

Unemployment rate: 11.4%

Number of bank failures in last year: 21

Failed banks in last year: Strategic Capital Bank, Citizens National Bank, Bank of Lincolnwood, John Warner Bank, First State Bank of Winchester, Rock River Bank, Elizabeth State Bank, First National Bank of Danville, Founders Bank, Mutual Bank, InBank, Platinum Community Bank, Corus Bank, First DuPage Bank, Community Bank of Lemont, Park National Bank, Benchmark Bank, Independent Bankers' Bank, Town Community Bank & Trust, George Washington Savings Bank, Bank of Illinois

3. Florida

Unemployment rate: 12.2%

Number of bank failures in last year: 18

Failed banks in last year: BankUnited, Integrity Bank, First State Bank, Community National Bank of Sarasota County, Partners Bank, Hillcrest Bank Florida, Flagship National Bank, Century Bank, Orion Bank, Commerce Bank of Southwest Florida, Republic Federal Bank, Peoples First Community Bank, Premier American Bank, Florida Community Bank, Marco Community Bank, Sun American Bank, Old Southern Bank, Key West Bank

4. California

Unemployment rate: 12.5%

Number of bank failures in last year: 16

Failed banks in last year: First Bank of Beverly Hills, Vineyard Bank, MetroPacific Bank, Mirae Bank, Temecula Valley Bank, Affinity Bank, San Joaquin Bank, San Diego National Bank, California National Bank, Pacific National Bank, United Commercial Bank, Pacific Coast National Bank, Imperial Capital Bank, First Federal Bank of California, First Regional Bank, La Jolla Bank

5. Minnesota

Unemployment rate: 7.3%

Number of bank failures in last year: 10

Failed banks in last year: Horizon Bank, Mainstreet Bank, Brickwell Community Bank, Jennings State Bank, Riverview Community Bank, Prosperan Bank, St. Stephen State Bank, Marshall Bank N.A., 1st American State Bank of Minnesota, State Bank of Aurora

6. Washington

Unemployment rate: 9.5%

Number of bank failures in last year: 6

Failed banks in last year: Westsound Bank, Venture Bank, Horizon Bank, Evergreen Bank, American Marine Bank, Rainier Pacific Bank

7. Texas

Unemployment rate: 8.2%

Number of bank failures in last year: 6

Failed banks in last year: Millennium State Bank of Texas, Guaranty Bank, Citizens National Bank, Madisonville State Bank, North Houston Bank, The La Coste National Bank

8. Arizona

Unemployment rate: 9.5%

Number of bank failures in last year: 6

Failed banks in last year: Union Bank (National Association), Community Bank of Arizona, First State Bank, Bank USA, Valley Capital Bank, Desert Hills Bank

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