Sign in to comment!

Menu
Home

Lifestyle & Budget

2011 List of Failed Banks

ATM-Bank-Withdrawal-Cash-Finance

 (Reuters)

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

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.

2011 list of failed banks
Failed bank Date closed Estimated cost to DIF ($millions)
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



Read more: 2011 list of failed banks http://www.bankrate.com/finance/savings/2011-list-of-failed-banks.aspx#ixzz1CjnooH00