Bank failures raise year’s tally to 138

Posted: October 23, 2010 in Banks, Failures
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This was a busy Friday for the FDIC. Seven banks were closed by regulators on Friday, bringing the total number of U.S. bank failures for the year so far to 138. The Federal Deposit Insurance Corp. said the following banks were closed:

  • Scottsdale, Az.-based First Arizona Savings.
  • Jacksonville, Fla.-based First Bank of Jacksonville.
  • Tampa, Fla.-based Progress Bank of Florida.
  • Gordon, Ga.-based Gordon Bank; Barnesville.
  • Ga.-based First National Bank of Barnesville.
  • Maywood, Ill.-based First Suburban National Bank.
  • Overland Park, Kan.-based Hillcrest Bank were all closed.

The bank failures will cost the federal deposit-insurance fund a combined $445.2 million, the FDIC said.

For the vast majority of the 2010 banks closures, the FDIC has been able to find buyers who have assumed all deposits including those above the FDIC limit.

Bank Name City State CERT # Closing Date
First Arizona Savings, A FSB Scottsdale AZ 32582 22-Oct-10
Hillcrest Bank Overland Park KS 22173 22-Oct-10
First Suburban National Bank Maywood IL 16089 22-Oct-10
The First National Bank of Barnesville Barnesville GA 2119 22-Oct-10
The Gordon Bank Gordon GA 33904 22-Oct-10
Progress Bank of Florida Tampa FL 32251 22-Oct-10
First Bank of Jacksonville Jacksonville FL 27573 22-Oct-10


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