2011 List of failed Banks

Features Bankrate.com


This list shows the U.S. banks that have failed since the beginning of the year, and is updated weekly.

Continue Reading Below

Most of the banks are acquired, and the cost to the Deposit Insurance Fund, or DIF, which backs up the Federal Deposit Insurance Corp.'s promise to reimburse customers, is listed in the right column.

For more on bank failures and how the FDIC operates, see "FDIC insures bank deposits to $250,000" and "What to expect from your failed bank."

To learn more about the FDIC's safety net, read our Special section.

Check out the list of banks that failed in 2010.

More On This...

2011 list of failed banks
Failed bank Date closed Estimated cost to DIF ($millions)
The Bank of Commerce, Wood Dale, IL 3/25/2011 41.9
Legacy Bank, Milwaukee, WI 3/11/2011 43.5
First National Bank of Davis, Davis, OK 3/11/2011 26.5
Valley Community Bank, St. Charles, IL 2/25/2011 22.8
San Luis Trust Bank, FSB, San Luis Obispo, CA 2/18/2011 96.1
Charter Oaks Bank, Napa, CA 2/18/2011 21.8
Citizens Bank of Effingham, Springfield, GA 2/18/2011 59.4
Habersham Bank, Clarksville, GA 2/18/2011 90.3
Canyon National Bank, Palm Springs, CA 2/11/2011 10.0
Badger State Bank, Cassville, WI 2/11/2011 17.5
Peoples State Bank, Hamtramck, MI 2/11/2011 87.4
Sunshine State Community Bank, Port Orange, FL 2/11/2011 30.0
Community First Bank Chicago, Chicago, IL 2/4/2011 11.7
North Georgia Bank, Watkinsville, GA 2/4/2011 35.2
American Trust Bank, Roswell, GA 2/4/2011 71.5
First Community Bank, Taos, NM 1/28/2011 260.0
FirsTier Bank, Louisville, CO 1/28/2011 242.6
Evergreen State Bank, Stoughton, WI 1/28/2011 22.8
The First State Bank, Camargo, OK 1/28/2011 20.1
United Western Bank, Denver, CO 1/21/2011 312.8
The Bank of Asheville, Asheville, NC 1/21/2011 56.2
CommunitySouth Bank and Trust, Easley, SC 1/21/2011 46.3
Enterprise Banking Company, McDonough, GA 1/21/2011 39.6
Oglethorpe Bank, Brunswick, GA 1/14/2011 80.4
Legacy Bank, Scottsdale, AZ 1/7/2011 27.9
First Commercial Bank of Florida, Orlando, FL 1/7/2011 78.0

What do you think?

Click the button below to comment on this article.