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Sev
04-30-2012, 06:01 PM
If the housing market does not rebound in a generation neither will the US.

Hows that Hope & Change feeling????

April 24, 2012|Reuters
http://articles.chicagotribune.com/2012-...-robert-shiller (http://articles.chicagotribune.com/2012-04-24/news/sns-rt-us-usa-housing-reboundbre83n0sk-20120424_1_housing-rebound-high-gas-prices-robert-shiller)

NEW YORK (Reuters) - The Housing market is likely to remain weak and may take a generation or more to rebound, Yale economics professor Robert Shiller told Reuters Insider on Tuesday.

Shiller, the co-creator of the Standard & Poor's/Case-Shiller home price index, said a weak labor market, high gas prices and a general sense of unease among consumers was outweighing low mortgage rates and would likely keep a lid on prices for the foreseeable future.

"I worry that we might not see a really major turnaround in our lifetimes," Shiller said.

The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.2 percent in February on a seasonally adjusted basis, the first uptick in prices in 10 months.

But Shiller called it "a very mixed bag." Nine of the 20 cities recorded falling or flat prices on the month.

He said suburban areas in particular might endure further price declines as high gas prices increase demand for "walkable cities."

Sev
05-01-2012, 08:20 AM
Yah. That Hope and Change has got your tongue.

cushioncrawler
05-01-2012, 04:50 PM
I think that low house prices are good.
Why are high prices good.
mac.

Soflasnapper
05-01-2012, 04:55 PM
Yep, Mac's right on this one.

Even Mitt Romney said it-- let the bankruptcies and foreclosures go full speed ahead, to liquidate out the bad debt and bad paper representing it.

The notion that we should hope the real estate market returns to a bubble level that is even less affordable now than it was at the time (also very unaffordable then), is to misunderstand the nature of a bubble.

Bubbles typically retrace 50% of their effervescent rise, and often never regain the highs once reached. That's certainly been true in the Nikkei Dow and Japanese real estate market bubble examples. Never re-gained their highs, even using nominal dollars.

The early 20th century bubble in Florida land saw values driven so high that they only recovered in nominal terms (leaving aside inflation's effect on a given dollar amount) until the later '80s, perhaps 60 years later. And then, only the nominal, not the real value, was reached.

So yes, we will not likely see the return of those values in our lifetimes. And that's not a problem, but just how things like this always go. Unless you want to blow another bubble.

Qtec
05-02-2012, 03:36 AM
Houses that were really worth $170,000 were being assessed at $330,000! This didn't happen by accident.
The push was on to high price houses. The originator made more money, the assessors got more business from the banks and the banks made more money selling these inflated, unsecured mortgages on to the saps that took the banks at their word, ie practically the whole world.!

It was a huge Ponzi scheme that the banks were in on and the Govt colluded on.

As I have just posted, the Govt knew there was a problem about predatory lending. Instead of aggressively going after these frauds and prosecuting them , they went to extraordinary measures to protect them!

These are undeniable facts.

ie, Bush stepped in to make sure the predatory lending could continue unabated.

This is a fact.

Q

LWW
05-02-2012, 04:55 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Houses that were really worth $170,000 were being assessed at $330,000! This didn't happen by accident.

Q </div></div>

What do you base this distortion upon?

Gayle in MD
05-02-2012, 06:21 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Houses that were really worth $170,000 were being assessed at $330,000! This didn't happen by accident.
The push was on to high price houses. The originator made more money, the assessors got more business from the banks and the banks made more money selling these inflated, unsecured mortgages on to the saps that took the banks at their word, ie practically the whole world.!

It was a huge Ponzi scheme that the banks were in on and the Govt colluded on.

As I have just posted, the Govt knew there was a problem about predatory lending. Instead of aggressively going after these frauds and prosecuting them , they went to extraordinary measures to protect them!

These are undeniable facts.

ie, Bush stepped in to make sure the predatory lending could continue unabated.

This is a fact.

Q </div></div>

That is absolutely true.

And Republicans are blocking efforts to tighten the regulations on Wall St., and in the banking Industry, which could have prevvented all of this.

Meanwhile the banks that wse all bailed out are sitting on their money, Republicans are firing the public workers who helped to bail them out, to give more tax cuts to the wealthy, across this country, and trying to destroy unions, while throwing teachers and fire fighters, and others, out of work, adding to the unemployment numbers, yapping about austerity, when the fact is, only the government can pull this country up, and out of this recession.

Republicans spend when it is not the right time to spend, and then they dry up spending, when only through investing in jobs, and education, can we compete in a global market. Those countries which jumped on the austerity band wagon, are all either in, or heading to a double dip, and deeper in recession.

Fact is there is plenty wrong in this country, between the crumbling infrastructure, and the drying up of resources for education, and the filth that is killing all of us and making us ill, but Republicans block every single threat to protecting our safety, our health, our investments and our recovery.

It is pure insanity to refuse to reinstate and add to the regulations which protected investors and consumers. The Banks are prolonging our problems, and when American Workers try to take a stand against the Republican state government policies in Republican Corporate Pig's Pac Money floods in from out of state and throws the election, just like what is happening right now in Wisconsin.

What business is it of Chris Christie, for example, to be politicing in Wisconsin? He isn't the Governor of that state, the citizens of that state are trying to take control of the devastating consequences created by Walker, and Christie should keep his big fat mouth our of their business, IMO. We're goging to get a grand look at the Fascist Republican policies in Wisconsin in real time with this election, and all of the out of state corporate money flooding in to disenfranchise the voters wishes.

We have a real mess on our hands with this Reagan/Bush/Bush Supreme Court!

G.

Qtec
05-02-2012, 06:29 AM
Facts.

Q

eg8r
05-02-2012, 09:37 AM
I sure do like the lower house prices. Very shortly we will be buying a second house as an investment for a long time instead of a quick flip. What still doesn't make any sense is our taxes. House and property are worse considerably less than a couple years ago yet our taxes went up. Sucks but what can you do.

eg8r

eg8r
05-02-2012, 09:38 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Houses that were really worth $170,000 were being assessed at $330,000! This didn't happen by accident.
</div></div>LOL, you really are sloooowwwww. /forums/images/%%GRAEMLIN_URL%%/smile.gif Houses in CA are 700 sq ft and cost $700,000. They are worth about $80k but go for 10 times as much. That did not happen by accident.

eg8r

eg8r
05-02-2012, 09:40 AM
I was base it on the fact that those numbers are almost exactly the same numbers as what was happening in my neighborhood. The house intially sold 10 years ago for $120k. It sold 2 years ago for $299k. It was happening all over the place. There is no way the house was actually "worth" $300k but demand drove it up to that price. I say demand because it was on the market for all of 4 days.

eg8r

Sev
05-02-2012, 11:29 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">I think that low house prices are good.
Why are high prices good.
mac. </div></div>

I bought my house for 29k. They later assessed it for 160k.
The true value of the house is probably 60k or was.
It was really good for city taxes until the market crashed as the city expanded entitlement spending to match its increase in revenue.

I never claimed high housing prices are good. However your assets should alway reflect their true value not a faux inflated value.

eg8r
05-02-2012, 11:35 AM
LOL, local government was loving these inflated rates. The problem now is that all these local and state governments were blowing the money instead of saving for a rainy day and when people who should have never been hired in the first place get let go everyone gets pissy. Common sense is lacking all throughout US Government.

eg8r

Sev
05-02-2012, 11:38 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">Yep, Mac's right on this one.

Even Mitt Romney said it-- let the bankruptcies and foreclosures go full speed ahead, to liquidate out the bad debt and bad paper representing it.

The notion that we should hope the real estate market returns to a bubble level that is even less affordable now than it was at the time (also very unaffordable then), is to misunderstand the nature of a bubble.

Bubbles typically retrace 50% of their effervescent rise, and often never regain the highs once reached. That's certainly been true in the Nikkei Dow and Japanese real estate market bubble examples. Never re-gained their highs, even using nominal dollars.

The early 20th century bubble in Florida land saw values driven so high that they only recovered in nominal terms (leaving aside inflation's effect on a given dollar amount) until the later '80s, perhaps 60 years later. And then, only the nominal, not the real value, was reached.

So yes, we will not likely see the return of those values in our lifetimes. And that's not a problem, but just how things like this always go. Unless you want to blow another bubble. </div></div>

There should have been no TARP or any other bailouts. The adjustment would have occurred far faster and shortened the turn around time.

Hopefully housing and land values continue to drop for the near future.

LWW
05-02-2012, 01:49 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: eg8r</div><div class="ubbcode-body">I was base it on the fact that those numbers are almost exactly the same numbers as what was happening in my neighborhood. The house intially sold 10 years ago for $120k. It sold 2 years ago for $299k. It was happening all over the place. There is no way the house was actually "worth" $300k but demand drove it up to that price. I say demand because it was on the market for all of 4 days.

eg8r </div></div>

Sure there was ... somebody paid it.

That being said, a large number of people became convinced the market could only go up ... the same problem that happened in the 1920's.

LWW
05-02-2012, 01:51 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Facts.

Q </div></div>

Nobody thought you had an answer.

Soflasnapper
05-02-2012, 02:16 PM
There should have been no TARP or any other bailouts. The adjustment would have occurred far faster and shortened the turn around time.

The FDIC would have run out of money in its fund in a week, and the federal government would then owe everybody their entire checking account and savings accounts balances.

This would not have been cheaper, nor more effective, whatsoever.

Sev
05-02-2012, 02:21 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">There should have been no TARP or any other bailouts. The adjustment would have occurred far faster and shortened the turn around time.

The FDIC would have run out of money in its fund in a week, and the federal government would then owe everybody their entire checking account and savings accounts balances.

This would not have been cheaper, nor more effective, whatsoever.
</div></div>

We are looking at going to 25 trillion in debt. Perhaps more.
We are currently borrowing 40 cents on every dollar that we print.
Our experiences now exceed our revenues with no reversal to be seen for the foreseeable future.

Generations are going to be slave to this debt.

This is better how?

LWW
05-02-2012, 02:50 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">The FDIC would have run out of money in its fund in a week ... </div></div>

I agree, but unlike you I bother to ask why it's true.

FDIC collected insurance premiums for roughly 75 years without a bank crisis.

What happened to the money?

LWW
05-02-2012, 02:53 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">Generations are going to be slave to this debt.

This is better how? </div></div>

You only need review the party slogan to understand the lefts's beliefs:

FREEDOM IS SLAVERY

IGNORANCE IS STRENGTH

WAR IS PEACE

amended recently to include:

HIGH UNEMPLOYMENT IS JOB GROWTH

COAL POWERED CARS YIELD CLEAN AIR

Qtec
05-02-2012, 06:11 PM
Facts.


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">America's Economic Collapse

<span style='font-size: 14pt'>Lenders Pushed Appraisers to Inflate Home Values</span>--and then the Bubble Burst


In 2004, years before plummeting real estate values turned Fort Myers, Florida, into a top five foreclosure capital, appraiser Mike Tipton faced a dilemma. Tiptonís employer, eAppraiseIT, sent him to value a two-bedroom home in a new subdivision built by the developer D.R. Horton. Paperwork given by the appraisal management company to Tipton included a $245,000 estimated value.

But after inspecting the home and comparing it to five similar houses that had recently sold, Tipton set the value at $237,000--$8,000 less than the estimate. He knew the difference might disappoint DHI Mortgage, the prospective buyerís lender, which is a subsidiary of developer D.R. Horton. And indeed it did. The lender, in a process appraisers say was common in the boom days before the housing bubble burst, asked Tipton to redo the appraisal. It sent paperwork through eAppraiseIT asking him to reconsider the value. It gave him different homes to use for comparisons.

"If you read between the lines, they wanted a larger value," Tipton said. "I told them no, I wasnít changing my report."

Evidence suggests that Fannie Mae and Freddie Mac may have bought mortgages without ensuring they were based on accurate appraisals. Tipton, who like many other appraisers is paid by the job, says he was never given another appraisal for a D.R. Horton home. "All I can say is D.R. Horton has remained an active developer in Lee County," Tipton said. "I didnít see any further appraisals for DHI Mortgage. So you tell me." Carrie Gaska, a spokeswoman for First American eAppraiseIT, declined to comment on why Tipton received no further orders from the company for DHI Mortgage properties.

<span style='font-size: 14pt'>Tipton is among dozens of appraisers who have stated that for years, lenders across the United States pushed them into inflating the value of homes to justify higher mortgages. </span>Appraisers and lenders alike are demanding better oversight of the industry. <span style='font-size: 14pt'>In addition, the Center has obtained copies of lendersí "blacklists" containing the names of thousands of appraisers; some appraisers say lenders used those lists to exclude those who refused to inflate home values </span></div></div>

link (http://www.thecuttingedgenews.com/index.php?article=11364&pageid=22&pagename=Investigation)

Its stunning, but not surprising, how little you know of this subject. You probably still think that the banks had to be bailed out because Average Joe couldn't meet his mortgage payments!

Q

Sev
05-02-2012, 06:31 PM
Unfortunately appraisers for banks were not the only ones that appraised high. Towns and cities got on the band wagon as well. Then expanded their spending to match their projected increase in revenues.

The good thing about it now is they have shed public sector workers like fleas.

eg8r
05-02-2012, 07:18 PM
LOL, more "facts" in qtips mind.

eg8r

Qtec
05-02-2012, 08:20 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: eg8r</div><div class="ubbcode-body">LOL, more "facts" in qtips mind.

eg8r </div></div>

<span style='font-size: 17pt'>So you agree with my post? You didn't question any of it.</span>

Q

cushioncrawler
05-02-2012, 11:40 PM
THE GOODOLDAYS.
http://i122.photobucket.com/albums/o265/polisher357/Indian%20TePees/teepee-2.jpg

cushioncrawler
05-02-2012, 11:40 PM
COMMUNIZM WOZ GOOD.
http://i239.photobucket.com/albums/ff134/RobertBuchanan/1dda.jpg

cushioncrawler
05-02-2012, 11:42 PM
http://i209.photobucket.com/albums/bb269/FOKKERJ/BOb8SWkKGrHqIOKi4EzSqTdrYQBM-bBCdLw_3.jpg

cushioncrawler
05-02-2012, 11:49 PM
BACK IN THEMS DAYS THE CEO'S REALLY WERE CHIEFS.
http://i870.photobucket.com/albums/ab262/FOKKERJSS/cg121131.jpg

LWW
05-03-2012, 05:36 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">The FDIC would have run out of money in its fund in a week ... </div></div>

I agree, but unlike you I bother to ask why it's true.

FDIC collected insurance premiums for roughly 75 years without a bank crisis.

What happened to the money? </div></div>

Bumpitty bump bump.

eg8r
05-03-2012, 07:07 AM
LOL, I just crack up every time you call your references "facts". /forums/images/%%GRAEMLIN_URL%%/smile.gif

eg8r

LWW
05-03-2012, 08:07 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: eg8r</div><div class="ubbcode-body">LOL, I just crack up every time you call your references "facts". /forums/images/%%GRAEMLIN_URL%%/smile.gif

eg8r </div></div>

Back in the early 1980's the owner of a company I worked for came in my office at about 7:00 and asked me if I could verify funds on a check someone had written to him on the sale of a piece of real estate.

I explained that it would take until the mirning as the banks were closed.

He pointed at the new $4k facsimile machine I had authorized the purchase of and asked "Isn't that what a FACTS machine is for ... to get facts?"

He had witnessed that I could send a customer credit application to the bank in seconds opposed to minutes and receive an answer back across the machine in hours instead of days ... and had head the words "using the facts machine" in reference to the process.

Soflasnapper
05-03-2012, 12:49 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: cushioncrawler</div><div class="ubbcode-body">COMMUNIZM WOZ GOOD.
http://i239.photobucket.com/albums/ff134/RobertBuchanan/1dda.jpg </div></div>

Calm down, chill-- you're just two tents!

Soflasnapper
05-03-2012, 12:54 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">There should have been no TARP or any other bailouts. The adjustment would have occurred far faster and shortened the turn around time.

The FDIC would have run out of money in its fund in a week, and the federal government would then owe everybody their entire checking account and savings accounts balances.

This would not have been cheaper, nor more effective, whatsoever.
</div></div>

We are looking at going to 25 trillion in debt. Perhaps more.
We are currently borrowing 40 cents on every dollar that we print.
Our experiences now exceed our revenues with no reversal to be seen for the foreseeable future.

Generations are going to be slave to this debt.

This is better how? </div></div>

This is better by $7 trillion dollars of immediately payable liability.

What you mention is all bad, but would have been catastrophically worse, had the $7 trillion in FDIC insured deposits been forced to be made good in a short period of time. That is, all that you say, plus $7 trillion extra coming due in 2009. Plus nothing about realizing this huge loss would do anything positive about the future liabilities, except to make them worse as well.

The $7 trillion insured amounts. (http://www.fedupusa.org/2011/05/fdic-insures-over-7-trillion-in-deposits-with-a-dwindling-insurance-fund/)

Soflasnapper
05-03-2012, 01:05 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Soflasnapper</div><div class="ubbcode-body">The FDIC would have run out of money in its fund in a week ... </div></div>

I agree, but unlike you I bother to ask why it's true.

FDIC collected insurance premiums for roughly 75 years without a bank crisis.

What happened to the money? </div></div>

Bumpitty bump bump. </div></div>

What happened to the money? WHAT HAPPENED TO THE MONEY???

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> List of bank failures in 2008

Twenty-five banks failed in 2008[1] (26 including the Utah-based wholly owned subsidiary of Washington Mutual, which was covered under the same FDIC closure notice as its parent company[8]):
Bank City State Date Acquired by Assets
($mil.)
1 Douglass National Bank Kansas City Missouri January 25, 2008 Liberty Bank and Trust 59
2 Hume Bank Hume Missouri March 7, 2008 Security Bank 19
3 ANB Financial NA Bentonville Arkansas May 9, 2008 Pulaski Bank and Trust Company 2,100
4 First Integrity Bank, NA Staples Minnesota May 30, 2008 First International Bank and Trust 55
5 IndyMac Pasadena California July 11, 2008 OneWest Bank, FSB 32,000
6 First National Bank of Nevada Reno Nevada July 25, 2008 Mutual of Omaha Bank 3,400
7 First Heritage Bank, NA Newport Beach California July 25, 2008 Mutual of Omaha Bank 254
8 First Priority Bank Bradenton Florida August 1, 2008 SunTrust Bank 259
9 The Columbian Bank and Trust Company Topeka Kansas August 22, 2008 Citizens Bank and Trust 752
10 Integrity Bank Alpharetta Georgia August 29, 2008 Regions Bank 1,100
11 Silver State Bank Henderson Nevada September 5, 2008 Nevada State Bank 2,000
12 Ameribank Northfork West Virginia September 19, 2008 The Citizens Savings Bank
Pioneer Community Bank 113
13 Washington Mutual Bank Seattle Washington September 25, 2008 JPMorgan Chase Bank 307,000
14 Main Street Bank Northville Michigan October 10, 2008 Monroe Bank and Trust 98
15 Meridian Bank Eldred Illinois October 10, 2008 National Bank 39
16 Alpha Bank & Trust Alpharetta Georgia October 24, 2008 Stearns Bank, N.A. 354
17 Freedom Bank Bradenton Florida October 31, 2008 Fifth Third Bank 287
18 Franklin Bank Houston Texas November 7, 2008 Prosperity Bank 5,100
19 Security Pacific Bank Los Angeles California November 7, 2008 Pacific Western Bank 561
20 The Community Bank Loganville Georgia November 21, 2008 Bank of Essex 681
21 Downey Savings and Loan Newport Beach California November 21, 2008 U.S. Bank, N.A. 12,800
22 PFF Bank and Trust Pomona California November 21, 2008 U.S. Bank, N.A. 3,700
23 First Georgia Community Bank Jackson Georgia December 5, 2008 United Bank 238
24 Haven Trust Bank Duluth Georgia December 12, 2008 Branch Banking and Trust Company (BB&T) 572
25 Sanderson State Bank Sanderson Texas December 12, 2008 The Pecos County State Bank 37

<span style='font-size: 14pt'>Total Assets ($mil.) from bank failures in 2008: $373,578. [As this figure is in millions of dollars, it is over $373 billion dollars, far larger than any account balance the FDIC has ever had in hand. But wait, there's more!]</span>
List of bank failures in 2009

The following 140 banks failed in 2009[9]:
Bank City State Date Acquired by Assets
($mil.)
1 National Bank of Commerce Berkeley Illinois January 16, 2009 Republic Bank of Chicago 97
2 Bank of Clark County Vancouver Washington January 16, 2009 Umpqua Bank 120
3 1st Centennial Bank Redlands California January 23, 2009 First California Bank 227
4 Ocala National Bank Ocala Florida January 30, 2009 CenterState Bank of Florida, N.A. 100
5 Suburban FSB Crofton Maryland January 30, 2009 Bank of Essex 126
6 MagnetBank Salt Lake City Utah January 30, 2009 None (insured depositors paid directly) 119
7 County Bank Merced California February 6, 2009 Westamerica Bank 135
8 Alliance Bank Culver City California February 6, 2009 California Bank and Trust 206
9 FirstBank Financial Service McDonough Georgia February 6, 2009 Regions Bank 111
10 Pinnacle Bank of Oregon Beaverton Oregon February 13, 2009 Washington Trust Bank of Spokane 12
11 Corn Belt Bank & Trust Co. Pittsfield Illinois February 13, 2009 The Carlinville National Bank 100
12 Riverside Bank of the Gulf Coast Cape Coral Florida February 13, 2009 TIB Bank 202
13 Sherman County Bank Loup City Nebraska February 13, 2009 Heritage Bank 28
14 Silver Falls Bank Silverton Oregon February 20, 2009 Citizens Bank 50
15 Heritage Community Bank Glenwood Illinois February 27, 2009 MB Financial Bank, N.A. 42
16 Security Savings Bank Henderson Nevada February 27, 2009 Bank of Nevada 59
17 Freedom Bank of Georgia Commerce Georgia March 6, 2009 Northeast Georgia Bank 36
18 TeamBank, NA Paola Kansas March 20, 2009 Great Southern Bank 670
19 Colorado National Bank Colorado Springs Colorado March 20, 2009 Herring Bank 124
20 FirstCity Bank Stockbridge Georgia March 20, 2009 None (insured depositors paid directly) 297
21 Omni National Bank Atlanta Georgia March 27, 2009 None (insured depositors paid directly) 956
22 Cape Fear Bank Wilmington North Carolina April 10, 2009 First Federal Savings and Loan Association 492
23 New Frontier Bank Greeley Colorado April 10, 2009 None (insured depositors paid directly) 2,000
24 Great Basin Bank of Nevada Elko Nevada April 17, 2009 Nevada State Bank 271
25 American Sterling Bank Sugar Creek Missouri April 17, 2009 Metcalf Bank 181
26 American Southern Bank Kennesaw Georgia April 24, 2009 Bank of North Georgia 112
27 Michigan Heritage Bank Farmington Hills Michigan April 24, 2009 Level One Bank 185
28 First Bank of Beverly Hills Calabasas California April 24, 2009 None (insured depositors paid directly) 1,500
29 First Bank of Idaho Ketchum Idaho April 24, 2009 U.S. Bank, N.A. 489
30 America West Bank Layton Utah May 1, 2009 Cache Valley Bank 299
31 Citizens Community Bank Ridgewood New Jersey May 1, 2009 North Jersey Community Bank 45
32 Silverton Bank, NA Atlanta Georgia May 1, 2009 None (insured depositors paid directly) 4,100
33 Westsound Bank Bremerton Washington May 8, 2009 Kitsap Bank 335
34 BankUnited FSB Coral Gables Florida May 21, 2009 BankUnited 12,800
35 Strategic Capital Bank Champaign Illinois May 22, 2009 Midland States Bank 537
36 Citizens National Bank Macomb Illinois May 22, 2009 Morton Community Bank 437
37 Bank of Lincolnwood Lincolnwood Illinois June 5, 2009 Republic Bank of Chicago 214
38 Fist National Bank of Anthony Anthony Kansas June 19, 2009 Bank of Kansas 157
39 Cooperative Bank Wilmington North Carolina June 19, 2009 First Bank 970
40 Southern Community Bank Fayetteville Georgia June 19, 2009 United Community Bank 377
41 Mirae Bank Los Angeles California June 26, 2009 Wilshire State Bank 456
42 MetroPacific Bank Irvine California June 26, 2009 Sunwest Bank 80
43 Horizon Bank Pine City Minnesota June 26, 2009 Stearns Bank, N.A. 88
44 Neighborhood Community Bank Newnan Georgia June 26, 2009 Charterbank 222
45 Community Bank of West Georgia Villa Rica Georgia June 26, 2009 None (insured depositors paid directly) 199
46 First National Bank of Danville Danville Illinois July 2, 2009 First Financial Bank, N.A. 166
47 Rock River Bank Oregon Illinois July 2, 2009 The Harvard State Bank 77
48 John Warner Bank Clinton Illinois July 2, 2009 State Bank of Lincoln 70
49 First State Bank of Winchester Winchester Illinois July 2, 2009 The First National Bank of Beardstown 36
50 Elizabeth State Bank Elizabeth Illinois July 2, 2009 Galena State Bank and Trust Company 56
51 Millennium State Bank of Texas Dallas Texas July 2, 2009 State Bank of Texas 118
52 Founders Bank Worth Illinois July 2, 2009 The PrivateBank and Trust Company 963
53 Bank of Wyoming Thermopolis Wyoming July 10, 2009 Central Bank and Trust 70
54 Temecula Valley Bank Temecula California July 17, 2009 First-Citizens Bank and Trust Company 1,500
55 Vineyard Bank Rancho Cucamonga California July 17, 2009 California Bank and Trust 1,900
56 BankFirst Sioux Falls South Dakota July 17, 2009 Alerus Financial, N.A. 275
57 First Piedmont Bank Winder Georgia July 17, 2009 First American Bank and Trust Company 115
58 Security Bank of Bibb County Macon Georgia July 24, 2009 State Bank and Trust Company 1,200
59 Security Bank of North Metro Woodstock Georgia July 24, 2009 State Bank and Trust Company 224
60 Security Bank of North Fulton Alpharetta Georgia July 24, 2009 State Bank and Trust Company 209
61 Security Bank of Gwinnett County Suwanee Georgia July 24, 2009 State Bank and Trust Company 322
62 Security Bank of Jones County Gray Georgia July 24, 2009 State Bank and Trust Company 453
63 Security Bank of Houston County Perry Georgia July 24, 2009 State Bank and Trust Company 383
64 Waterford Village Bank Williamsville New York July 24, 2009 Evans Bank, N.A. 61
65 Integrity Bank Jupiter Florida July 31, 2009 Stonegate Bank 119
66 First State Bank of Altus Altus Oklahoma July 31, 2009 Herring Bank 103
67 First BankAmericano Elizabeth New Jersey July 31, 2009 Crown Bank 166
68 Peoples Community Bank West Chester Ohio July 31, 2009 First Financial Bank, N.A. 706
69 Mutual Bank Harvey Illinois July 31, 2009 United Central Bank 1,600
70 First State Bank Sarasota Florida August 7, 2009 Stearns Bank, N.A. 463
71 Community National Bank of Sarasota County Venice Florida August 7, 2009 Stearns Bank, N.A. 97
72 Community First Bank Prineville Oregon August 7, 2009 Home Federal Bank 209
73 Union Bank, National Association Gilbert Arizona August 14, 2009 MidFirst Bank 124
74 Dwelling House Savings and Loan Association Pittsburgh Pennsylvania August 14, 2009 PNC Bank, N.A. 13
75 Colonial Bank Montgomery Alabama August 14, 2009 Branch Banking and Trust (BB&T) 25,000
76 Community Bank of Arizona Phoenix Arizona August 14, 2009 MidFirst Bank 156
77 Community Bank of Nevada Las Vegas Nevada August 14, 2009 None (insured depositors paid directly) 159
78 First Coweta Bank Newnan Georgia August 21, 2009 United Bank 167
79 Guaranty Bank Austin Texas August 21, 2009 BBVA Compass 13,000
80 CapitalSouth Bank Birmingham Alabama August 21, 2009 IBERIABANK 617
81 ebank Atlanta Georgia August 21, 2009 Stearns Bank, N.A. 143
82 Bradford Bank Baltimore Maryland August 28, 2009 Manufacturers & Traders Trust Company 452
83 Mainstreet Bank Forest Lake Minnesota August 28, 2009 Central Bank 459
84 Affinity Bank Ventura California August 28, 2009 Pacific Western Bank 1,000
85 First Bank of Kansas City Kansas City Missouri September 4, 2009 Great American Bank 16
86 InBank Oak Forest Illinois September 4, 2009 MB Financial Bank, N.A. 212
87 Vantus Bank Sioux City Iowa September 4, 2009 Great Southern Bank 458
88 Platinum Community Bank Rolling Meadows Illinois September 4, 2009 None (insured depositors paid directly) 346
89 First State Bank Flagstaff Arizona September 4, 2009 Sunwest Bank 105
90 Corus Bank Chicago Illinois September 11, 2009 MB Financial Bank, N.A. 7,000
91 Brickwell Community Bank Woodbury Minnesota September 11, 2009 CorTrust Bank, N.A. 72
92 Venture Bank Lacey Washington September 11, 2009 First-Citizens Bank and Trust Company 970
93 Irwin Union Bank and Trust Company Columbus Indiana September 18, 2009 First Financial Bank, N.A. 2,700
94 Irwin Union Bank, F.S.B. Louisville Kentucky September 18, 2009 First Financial Bank, N.A. 493
95 Georgian Bank Atlanta Georgia September 25, 2009 First Citizens Bank and Trust Company 2,000
96 Warren Bank Warren Michigan October 2, 2009 The Huntington National Bank 538
97 Jennings State Bank Spring Grove Minnesota October 2, 2009 Central Bank 56
98 South Colorado National Bank Pueblo Colorado October 2, 2009 Legacy Bank 40
99 San Joaquin Bank Bakersfield California October 16, 2009 Citizens Business Bank 775
100 Partners Bank Naples Florida October 23, 2009 Stonegate Bank 66
101 American United Bank Lawrenceville Georgia October 23, 2009 Ameris Bank 111
102 Hillcrest Bank Florida Naples Florida October 23, 2009 Hillcrest Bank, N.A. 83
103 Flagship National Bank Bradenton Florida October 23, 2009 First Federal Bank of Florida 190
104 Bank of Elmwood Racine Wisconsin October 23, 2009 Tri City National Bank 327
105 Riverview Community Bank Otsego Minnesota October 23, 2009 Central Bank 108
106 First DuPage Bank of Westmont Westmont Illinois October 23, 2009 First Midwest Bank 279
107 Community Bank of Lemont Lemont Illinois October 30, 2009 U.S. Bank, N.A. 82
108 Bank USA, N.A. Phoenix Arizona October 30, 2009 U.S. Bank, N.A. 213
109 California National Bank Los Angeles California October 30, 2009 U.S. Bank, N.A. 7,800
110 San Diego National Bank San Diego California October 30, 2009 U.S. Bank, N.A. 3,600
111 Pacific National Bank San Francisco California October 30, 2009 U.S. Bank, N.A. 2,300
112 Park National Bank Chicago Illinois October 30, 2009 U.S. Bank, N.A. 4,700
113 Citizens National Bank Teague Texas October 30, 2009 U.S. Bank, N.A. 118
114 Madisonville State Bank Madisonville Texas October 30, 2009 U.S. Bank, N.A. 257
115 North Houston Bank Houston Texas October 30, 2009 U.S. Bank, N.A. 326
116 United Security Bank Sparta Georgia November 6, 2009 Ameris Bank 157
117 Home Federal Savings Bank Detroit Michigan November 6, 2009 Liberty Bank and Trust Company 15
118 Prosperan Bank Oakdale Minnesota November 6, 2009 Alerus Financial, N.A. 200
119 Gateway Bank of St. Louis St. Louis Missouri November 6, 2009 Central Bank of Kansas City 28
120 United Commercial Bank San Francisco California November 6, 2009 East West Bank 11,200
121 Century Bank, F.S.B. Sarasota Florida November 13, 2009 IBERIABANK 728
122 Orion Bank Naples Florida November 13, 2009 IBERIABANK 2,700
123 Pacific Coast National Bank San Clemente California November 13, 2009 Sunwest Bank 134
124 Commerce Bank of Southwest Florida Fort Myers Florida November 20, 2009 Central Bank 80
125 The Buckhead Community Bank Atlanta Georgia December 4, 2009 State Bank and Trust 874
126 First Security National Bank Norcross Georgia December 4, 2009 State Bank and Trust 128
127 The Tattnall Bank Reidsville Georgia December 4, 2009 Heritage Bank of the South 50
128 AmTrust Bank Cleveland Ohio December 4, 2009 New York Community Bank 12,000
129 Benchmark Bank Aurora Illinois December 4, 2009 MB Financial Bank, N.A. 170
130 Greater Atlantic Bank Reston Virginia December 4, 2009 Sonabank 203
131 Republic Federal Bank, N.A. Miami Florida December 11, 2009 1st United Bank 433
132 Valley Capital Bank, N.A. Mesa Arizona December 11, 2009 Enterprise Bank and Trust 40
133 SolutionsBank Overland Park Kansas December 11, 2009 Arvest Bank 511
134 RockBridge Commercial Bank Atlanta Georgia December 18, 2009 None (insured depositors paid directly) 294
135 Peoples First Community Bank Panama City Florida December 18, 2009 Hancock Bank 1,800
136 Citizens State Bank New Baltimore Michigan December 18, 2009 None (insured depositors paid directly) 169
137 New South Federal Savings Bank Irondale Alabama December 18, 2009 Beal Bank 1,500
138 Independent Bankers' Bank Springfield Illinois December 18, 2009 The Independent Bankers Bank 586
139 Imperial Capital Bank La Jolla California December 18, 2009 City National Bank 4,000
140 First Federal Bank of California, F.S.B. Santa Monica California December 18, 2009 OneWest Bank, FSB 6,100

Total Assets ($mil.) from bank failures in 2009: $163,755.
List of bank failures in 2010

The following 157 banks failed in 2010[1]:
Bank City State Date Acquired by Assets
($mil.)
1 Horizon Bank Bellingham Washington January 8, 2010 Washington Federal Savings and Loan Association 1,300
2 Town Community Bank & Trust Antioch Illinois January 15, 2010 First American Bank 70
3 St. Stephen State Bank St. Stephen Minnesota January 15, 2010 First State Bank of St. Joseph 25
4 Barnes Banking Company Kaysville Utah January 15, 2010 None (insured depositors paid directly) 828
5 Premier American Bank Miami Florida January 22, 2010 Premier American Bank, N.A. 351
6 Bank of Leeton Leeton Missouri January 22, 2010 Sunflower Bank, N.A. 20
7 Charter Bank Sante Fe New Mexico January 22, 2010 Charter Bank 1,200
8 Evergreen Bank Seattle Washington January 22, 2010 Umpqua Bank 489
9 Columbia River Bank The Dalles Oregon January 22, 2010 Columbia State Bank 1,100
10 First National Bank of Georgia Carrollton Georgia January 29, 2010 Community and Southern Bank 833
11 Florida Community Bank Immokalee Florida January 29, 2010 Premier American Bank, N.A. 876
12 Marshall Bank, N.A. Hallock Minnesota January 29, 2010 United Valley Bank 60
13 Community Bank and Trust Cornelia Georgia January 29, 2010 SCBT National Association 1,210
14 First Regional Bank Los Angeles California January 29, 2010 First-Citizens Bank and Trust Company 2,180
15 American Marine Bank Bainbridge Island Washington January 29, 2010 Columbia State Bank 373
16 1st American State Bank of Minnesota Hancock Minnesota February 5, 2010 Community Development Bank, FSB 18
17 La Jolla Bank La Jolla California February 19, 2010 OneWest Bank, FSB 3,600
18 George Washington Savings Bank Orland Park Illinois February 19, 2010 FirstMerit Bank, N.A. 413
19 The La Coste National Bank La Coste Texas February 19, 2010 Community National Bank 54
20 Marco Community Bank Marco Island Florida February 19, 2010 Mutual of Omaha Bank 120
21 Carson River Community Bank Carson City Nevada February 26, 2010 Heritage Bank of Nevada 51
22 Rainier Pacific Bank Tacoma Washington February 26, 2010 Umpqua Bank 718
23 Centennial Bank Ogden Utah March 5, 2010 None (insured depositors paid directly) 215
24 Waterfield Bank Germantown Maryland March 5, 2010 None (insured depositors paid directly) 156
25 Bank of Illinois Normal Illinois March 5, 2010 Heartland Bank and Trust Company 212
26 Sun American Bank Boca Raton Florida March 5, 2010 First-Citizens Bank and Trust Company 536
27 LibertyPointe Bank New York New York March 12, 2010 Valley National Bank 210
28 The Park Avenue Bank New York New York March 12, 2010 Valley National Bank 520
29 Statewide Bank Covington Louisiana March 12, 2010 Home Bank 243
30 Old Southern Bank Orlando Florida March 12, 2010 Centennial Bank 316
31 American National Bank Parma Ohio March 19, 2010 The National Bank and Trust Company 70
32 Advanta Bank Corp Draper Utah March 19, 2010 None (insured depositors paid directly) 1,600
33 Century Security Bank Duluth Georgia March 19, 2010 Bank of Upson 97
34 Bank of Hiawassee Hiawassee Georgia March 19, 2010 Citizens South Bank 378
35 Appalachian Community Bank Ellijay Georgia March 19, 2010 Community and Southern Bank 1,010
36 First Lowndes Bank Luverne Alabama March 19, 2010 First Citizens Bank 137
37 State Bank of Aurora Aurora Minnesota March 19, 2010 Northern State Bank 28
38 Desert Hills Bank Phoenix Arizona March 26, 2010 New York Community Bank 497
39 Unity National Bank Cartersville Georgia March 26, 2010 Bank of the Ozarks 292
40 Key West Bank Key West Florida March 26, 2010 Centennial Bank 88
41 McIntosh Commercial Bank Carrollton Georgia March 26, 2010 Hamilton State Bank 363
42 Beach First National Bank Myrtle Beach South Carolina April 9, 2010 Bank of North Carolina 585
43 City Bank Lynnwood Washington April 16, 2010 Whidbey Island Bank 1,130
44 Tamalpais Bank San Rafael California April 16, 2010 Union Bank, N.A. 629
45 Innovative Bank Oakland California April 16, 2010 Center Bank 269
46 Butler Bank Lowell Massachusetts April 16, 2010 People's United Bank 268
47 Riverside National Bank of Florida Fort Pierce Florida April 16, 2010 TD Bank, N.A. 3,420
48 AmericanFirst Bank Clermont Florida April 16, 2010 TD Bank, N.A. 91
49 First Federal Bank of North Florida Palatka Florida April 16, 2010 TD Bank, N.A. 393
50 Lakeside Community Bank Sterling Heights Michigan April 16, 2010 None (insured depositors paid directly) 53
51 Amcore Bank Rockford Illinois April 23, 2010 Harris, N.A. 3,400
52 Broadway Bank Chicago Illinois April 23, 2010 MB Financial, N.A. 1,200
53 Citizens Bank and Trust Company of Chicago Chicago Illinois April 23, 2010 Republic Bank of Chicago 77
54 Lincoln Park Saving Bank Chicago Illinois April 23, 2010 Northbrook Bank and Trust Company 200
55 New Century Bank Chicago Illinois April 23, 2010 MB Financial, N.A. 486
56 Peotone Bank and Trust Company Peotone Illinois April 23, 2010 First Midwest Bank 130
57 Wheatland Bank Naperville Illinois April 23, 2010 Wheaton Bank and Trust 437
58 BC National Banks Butler Missouri April 30, 2010 Community First Bank 67
59 CF Bancorp Port Huron Michigan April 30, 2010 First Michigan Bank 1,650
60 Champion Bank Creve Coeur Missouri April 30, 2010 BankLiberty 187
61 Eurobank San Juan Puerto Rico April 30, 2010 Orient Bank and Trust 2,560
62 Frontier Bank Everett Washington April 30, 2010 Union Bank, N.A. 3,500
63 R-G Premier Bank of Puerto Rico Hato Rey Puerto Rico April 30, 2010 Scotiabank de Puerto Rico 5,920
64 Westernbank Puerto Rico Mayaguez Puerto Rico April 30, 2010 Banco Popular de Puerto Rico 11,940
65 1st Pacific Bank of California San Diego California May 7, 2010 City National Bank 336
66 Towne Bank of Arizona Mesa Arizona May 7, 2010 Commerce Bank of Arizona 120
67 Access Bank Champlin Minnesota May 7, 2010 PrinsBank 32
68 The Bank of Bonifay Bonifay Florida May 7, 2010 First Federal Bank of Florida 243
69 Midwest Bank and Trust Company Elmwood Park Illinois May 14, 2010 FirstMerit Bank, N.A. 3,170
70 New Liberty Bank Plymouth Michigan May 14, 2010 Bank of Ann Arbor 109
71 Satilla Community Bank St. Marys Georgia May 14, 2010 Ameris Bank 136
72 Southwest Community Bank Springfield Missouri May 14, 2010 Simmons First National Bank 97
73 Pinehurst Bank St. Paul Minnesota May 21, 2010 Coulee Bank 61
74 Bank of Florida-Southeast Fort Lauderdale Florida May 28, 2010 EverBank 595
75 Bank of Florida-Southwest Naples Florida May 28, 2010 EverBank 641
76 Bank of Florida-Tampa Bay Tampa Florida May 28, 2010 EverBank 245
77 Sun West Bank Las Vegas Nevada May 28, 2010 City National Bank 361
78 Granite Community Bank Granite Bay California May 28, 2010 Tri Counties Bank 103
79 TierOne Bank Lincoln Nebraska June 4, 2010 Great Western Bank 2,800
80 First National Bank Rosedale Mississippi June 4, 2010 The Jefferson Bank 60
81 Arcola Homestead Savings Bank Arcola Illinois June 4, 2010 None (insured depositors paid directly) 17
82 Washington First International Bank Seattle Washington June 11, 2010 East West Bank 521
83 Nevada Security Bank Reno Nevada June 18, 2010 Umpqua Bank 480
84 Peninsula Bank Englewood Florida June 25, 2010 Premier American Bank, N.A. 644
85 First National Bank Savannah Georgia June 25, 2010 The Savannah Bank 253
86 High Desert State Bank Albuquerque New Mexico June 25, 2010 First American Bank 81
87 Bay National Bank Baltimore Maryland July 9, 2010 Bay Bank, FSB 282
88 Ideal Federal Savings Bank Baltimore Maryland July 9, 2010 None (insured depositors paid directly) 6
89 USA Bank Port Chester New York July 9, 2010 New Century Bank 190
90 Home National Bank Blackwell Oklahoma July 9, 2010 RCB Bank 561
91 Woodlands Bank Bluffton South Carolina July 16, 2010 Bank of the Ozarks 376
92 First National Bank of the South Spartanburg South Carolina July 16, 2010 NAFH National Bank 682
93 Mainstreet Savings Bank Hastings Michigan July 16, 2010 Commercial Bank 97
94 Metro Bank of Dade County Miami Florida July 16, 2010 NAFH National Bank 442
95 Turnberry Bank Aventura Florida July 16, 2010 NAFH National Bank 264
96 Olde Cypress Community Bank Clewiston Florida July 16, 2010 CenterState Bank of Florida 169
97 Community Security Bank New Prague Minnesota July 23, 2010 Roundbank 108
98 Crescent Bank and Trust Co Jasper Georgia July 23, 2010 Renasant Bank 1,000
99 Sterling Bank Lantana Florida July 23, 2010 IBERIABANK 408
100 Williamsburg First National Bank Kingstree South Carolina July 23, 2010 First Citizens Bank and Trust Company 139
101 Thunder Bank Sylvan Grove Kansas July 23, 2010 The Bennington State Bank 33
102 SouthwestUSA Bank Las Vegas Nevada July 23, 2010 Plaza Bank 214
103 Home Valley Bank Cave Junction Oregon July 23, 2010 South Valley Bank and Trust 252
104 Bayside Savings Bank Port Saint Joe Florida July 30, 2010 Centennial Bank 66
105 Coastal Community Bank Panama City Florida July 30, 2010 Centennial Bank 373
106 NorthWest Bank and Trust Acworth Georgia July 30, 2010 State Bank and Trust Company 168
107 The Cowlitz Bank Longview Washington July 30, 2010 Heritage Bank 529
108 LibertyBank Eugene Oregon July 30, 2010 Home Federal Bank 768
109 Ravenswood Bank Chicago Illinois August 6, 2010 Northbrook Bank and Trust Company 265
110 Palos Bank and Trust Palos Heights Illinois August 13, 2010 First Midwest Bank 493
111 ShoreBank Chicago Illinois August 20, 2010 Urban Partnership Bank 2,160
112 Community National Bank at Bartow Bartow Florida August 20, 2010 CenterState Bank of Florida 68
113 Independent National Bank Ocala Florida August 20, 2010 CenterState Bank of Florida 156
114 Imperial Savings & Loan Martinsville Virginia August 20, 2010 River Community Bank, N.A. 9
115 Butte Community Bank Chico California August 20, 2010 Rabobbank, N.A. 499
116 Pacific State Bank Stockton California August 20, 2010 Rabobbank, N.A. 312
117 Los Padres Bank Solvang California August 20, 2010 Pacific Western Bank 870
118 Sonoma Valley Bank Sonoma California August 20, 2010 Westamerica Bank 337
119 Horizon Bank Bradenton Florida September 10, 2010 Bank of the Ozarks 188
120 Bank of Ellijay Ellijay Georgia September 17, 2010 Community and Southern Bank 169
121 First Commerce Community Bank Douglasville Georgia September 17, 2010 Community and Southern Bank 248
122 Peoples Bank Winder Georgia September 17, 2010 Community and Southern Bank 447
123 ISN Bank Cherry Hill New Jersey September 17, 2010 Customers Bank 82
124 Bramble Savings Bank Milford Ohio September 17, 2010 Foundation Bank 48
125 Maritime Savings Bank West Allis Wisconsin September 17, 2010 North Shore Bank, FSB 351
126 Haven Trust Bank Florida Ponte Vedra Beach Florida September 24, 2010 First Southern Bank 149
127 North County Bank Arlington Washington September 24, 2010 Whidbey Island Bank 289
128 Wakulla Bank Crawfordville Florida October 1, 2010 Centennial Bank 424
129 Shoreline Bank Shoreline Washington October 1, 2010 GBC International Bank 104
130 Security Savings Bank, FSB Olathe Kansas October 15, 2010 Simmons First National Bank 508
131 WestBridge Bank and Trust Company Chesterfield Missouri October 15, 2010 Midland State Bank 92
132 Premier Bank Jefferson City Missouri October 15, 2010 Providence Bank 1,200
133 Hillcrest Bank Overland Park Kansas October 22, 2010 Hillcrest Bank, N.A. 1,600
134 First Bank of Jacksonville Jacksonville Florida October 22, 2010 Ameris Bank 81
135 Progress Bank of Florida Tampa Florida October 22, 2010 Bay Cities Bank 111
136 First National Bank of Barnesville Barnesville Georgia October 22, 2010 United Bank 131
137 Gordon Bank Gordon Georgia October 22, 2010 Morris Bank 29
138 First Suburban National Bank Maywood Illinois October 22, 2010 Seaway Bank and Trust Company 149
139 First Arizona Savings Scottsdale Arizona October 22, 2010 None (insured depositors paid directly) 272
140 K Bank Randallstown Maryland November 5, 2010 Manufacturers and Traders Trust Company 538
141 Western Commercial Bank Woodland Hills California November 5, 2010 First California Bank 99
142 First Vietnamese American Bank Westminster California November 5, 2010 Grandpoint Bank 48
143 Pierce Commercial Bank Tacoma Washington November 5, 2010 Heritage Bank 221
144 Tifton Banking Company Tifton Georgia November 12, 2010 Ameris Bank 144
145 Darby Bank & Trust Vidalia Georgia November 12, 2010 Ameris Bank 655
146 Copper Star Bank Scottsdale Arizona November 12, 2010 Stearns Bank, N.A. 204
147 Gulf State Community Bank Carrabelle Florida November 19, 2010 Centennial Bank 112
148 Allegiance Bank of North America Bala Cynwyd Pennsylvania November 19, 2010 VIST Bank 106
149 First Banking Center Burlington Wisconsin November 19, 2010 First Michigan Bank 821
150 Paramount Bank Farmington Hills Michigan December 10, 2010 Level One Bank 253
151 Earthstar Bank Southampton Pennsylvania December 10, 2010 Polonia Bank 113
152 Chestatee State Bank Dawsonville Georgia December 17, 2010 Bank of the Ozarks 244
153 First Southern Bank Batesville Arkansas December 17, 2010 Southern Bank 156
154 Community National Bank Lino Lakes Minnesota December 17, 2010 Farmers & Merchants Savings Bank 29
155 United Americas Bank Atlanta Georgia December 17, 2010 State Bank and Trust Company 194
156 Appalachian Community Bank McCaysville Georgia December 17, 2010 Peoples Bank of East Tennessee 68
157 The Bank of Miami, N.A. Coral Gables Florida December 17, 2010 1st United Bank 448

Total Assets ($mil.) from bank failures in 2010: $95,975.
List of bank failures in 2011

The following 92 banks have failed in 2011[1]:
Bank City State Date Acquired by Assets
($mil.)
1 First Commercial Bank of Florida Orlando Florida January 7, 2011 First Southern Bank 599
2 Legacy Bank Scottsdale Arizona January 7, 2011 Enterprise Bank and Trust 151
3 Oglethorpe Bank Brunswick Georgia January 14, 2011 Bank of the Ozarks 231
4 Enterprise Banking Company McDonough Georgia January 21, 2011 None (insured depositors paid directly) 96
5 CommunitySouth Bank and Trust Easley South Carolina January 21, 2011 CertusBank, National Association 402
6 Bank of Asheville Asheville North Carolina January 21, 2011 First Bank 188
7 United Western Bank Denver Colorado January 21, 2011 First-Citizens Bank and Trust Company 1,650
8 FirsTier Bank Louisville Colorado January 28, 2011 None (insured depositors paid directly) 782
9 First Community Bank Taos New Mexico January 28, 2011 U.S. Bank, N.A. 2,300
10 First State Bank Camargo Oklahoma January 28, 2011 Bank 7 44
11 Evergreen State Bank Stoughton Wisconsin January 28, 2011 McFarland State Bank 247
12 American Trust Bank Roswell Georgia February 4, 2011 Renasant Bank 238
13 North Georgia Bank Watkinsville Georgia February 4, 2011 BankSouth 153
14 Community First Bank Chicago Illinois February 4, 2011 Northbrook Bank and Trust 51
15 Peoples State Bank Hamtramck Michigan February 11, 2011 First Michigan Bank 391
16 Canyon National Bank Palm Springs California February 11, 2011 Pacific Premier Bank 211
17 Sunshine State Community Bank Port Orange Florida February 11, 2011 Premier American Bank, N.A. 126
18 Badger State Bank Cassville Wisconsin February 11, 2011 Royal Bank 84
19 Habersham Bank Clarkesville Georgia February 18, 2011 SCBT National Association 387
20 Citizens Bank of Effingham Springfield Georgia February 18, 2011 Heritage Bank of the South 214
21 Charter Oak Bank Napa California February 18, 2011 Bank of Marin 121
22 San Luis Trust Bank, FSB San Luis Obispo California February 18, 2011 First California Bank 333
23 Valley Community Bank St. Charles Illinois February 25, 2011 First State Bank 123
24 First National Bank of Davis Davis Oklahoma March 11, 2011 The Pauls Valley National Bank 90
25 Legacy Bank Milwaukee Wisconsin March 11, 2011 Seaway Bank and Trust Company 190
26 Bank of Commerce Wood Dale Illinois March 25, 2011 Advantage National Bank Group 163
27 Western Springs National Bank and Trust Western Springs Illinois April 11, 2011 Heartland Bank and Trust Company 186
28 Nevada Commerce Bank Las Vegas Nevada April 11, 2011 City National Bank 144
29 Bartow County Bank Cartersville Georgia April 15, 2011 Hamilton State Bank 330
30 New Horizons Bank East Ellijay Georgia April 15, 2011 Citizens South Bank 110
31 Nexity Bank Birmingham Alabama April 15, 2011 AloStar Bank of Commerce 793
32 Superior Bank Birmingham Alabama April 15, 2011 Superior Bank, National Association 3,000
33 Rosemount National Bank Rosemount Minnesota April 15, 2011 Central Bank 37
34 Heritage Banking Group Carthage Mississippi April 15, 2011 TrustMark National Bank 224
35 Community Central Bank Mount Clemens Michigan April 29, 2011 Talmer Bank and Trust 476
36 Park Avenue Bank Valdosta Georgia April 29, 2011 Bank of the Ozarks 953
37 First Choice Community Bank Dallas Georgia April 29, 2011 Bank of the Ozarks 309
38 Cortez Community Bank Brooksville Florida April 29, 2011 Florida Community Bank 71
39 First National Bank of Central Florida Winter Park Florida April 29, 2011 Florida Community Bank 352
40 Coastal Bank Cocoa Beach Florida May 6, 2011 Florida Community Bank 129
41 Atlantic Southern Bank Macon Georgia May 20, 2011 CertusBank, National Association 742
42 First Georgia Banking Company Franklin Georgia May 20, 2011 CertusBank, National Association 731
43 Summit Bank Burlington Washington May 20, 2011 Columbia State Bank 143
44 First Heritage Bank Snohomish Washington May 27, 2011 Columbia State Bank 174
45 Atlantic Bank and Trust Charleston South Carolina June 3, 2011 First Citizens Bank and Trust Company 208
46 McIntosh State Bank Jackson Georgia June 17, 2011 Hamilton Bank 339.9
47 First Commercial Bank of Tampa Bay Tampa Florida June 17, 2011 Stonegate Bank 98.6
48 Mountain Heritage Bank Clayton Georgia June 24, 2011 First American Bank and Trust Company 103.7
49 First Chicago Bank & Trust Chicago Illinois July 8, 2011 Northbrook Bank and Trust Company 959.3
50 Colorado Capital Bank Castle Rock Colorado July 8, 2011 First-Citizens Bank and Trust Company 717.5
51 Signature Bank Windsor Colorado July 8, 2011 Points West Community Bank 66.7
52 One Georgia Bank Atlanta Georgia July 15, 2011 Ameris Bank 186.3
53 High Trust Bank Stockbridge Georgia July 15, 2011 Ameris Bank 192.5
54 First Peoples Bank Port St. Lucie Florida July 15, 2011 Premier American Bank, N.A. 228.3
55 Summit Bank Prescott Arizona July 15, 2011 The Foothills Bank 72.0
56 Southshore Community Bank Apollo Beach Florida July 22, 2011 American Momentum Bank 46.3
57 LandMark Bank of Florida Sarasota Florida July 22, 2011 American Momentum Bank 275.0
58 Bank of Choice Greeley Colorado July 22, 2011 Bank Midwest, N.A. 1,070
59 Virginia Business Bank Richmond Virginia July 29, 2011 Xenith Bank 95.8
60 BankMeridian, N.A. Columbia South Carolina July 29, 2011 SCBT, National Association 239.8
61 Integra Bank National Association Evansville Indiana July 29, 2011 Old National Bank 2,200
62 Bank of Shorewood Shorewood Illinois August 5, 2011 Heartland Bank and Trust Company 110.7
63 Bank of Whitman Colfax Washington August 5, 2011 Columbia State Bank 548.6
64 The First National Bank of Olathe Olathe Kansas August 12, 2011 Enterprise Bank and Trust 538.1
65 Public Savings Bank Huntingdon Valley Pennsylvania August 18, 2011 Capital Bank, N.A. 46.8
66 Lydian Private Bank Palm Beach Florida August 19, 2011 Sabadell United Bank, N.A. 1,700
67 First Southern National Bank Statesboro Georgia August 19, 2011 Heritage Bank of the South 164.6
68 First Choice Bank Geneva Illinois August 19, 2011 Inland Bank and Trust 141
69 Patriot Bank of Georgia Cumming Georgia September 2, 2011 Georgia Commerce Bank 150.8
70 CreekSide Bank Woodstock Georgia September 2, 2011 Georgia Community Bank 102.3
71 First National Bank of Florida Milton Florida September 9, 2011 Charter Bank 296.8
72 Bank of the Commonwealth Norfolk Virginia September 23, 2011 Southern Bank and Trust Company 985.1
73 Citizens Bank of Northern California Nevada City California September 23, 2011 Tri Counties Bank 288.8
74 First International Bank Plano Texas September 30, 2011 American First National Bank 239.9
75 The RiverBank Wyoming Minnesota October 7, 2011 Central Bank 417.4
76 Sun Security Bank Ellington Missouri October 7, 2011 Great Southern Bank 355.9
77 Piedmont Community Bank Gray Georgia October 14, 2011 State Bank and Trust Company 201.7
78 Blue Ridge Savings Bank Asheville North Carolina October 14, 2011 Bank of North Carolina 161
79 First State Bank Cranford New Jersey October 14, 2011 Northfield Bank (Staten Island, NY) 204.4
80 Country Bank Aledo Illinois October 14, 2011 Blackhawk Bank & Trust 190.6
81 Old Harbor Bank Clearwater Florida October 21, 2011 1st United Bank 215.9
82 Decatur First Bank Decatur Georgia October 21, 2011 Fidelity Bank 191.5
83 Community Capital Bank Jonesboro Georgia October 21, 2011 State Bank and Trust Company 181.2
84 Community Banks of Colorado Greenwood Village Colorado October 21, 2011 Bank Midwest, N.A. 1,380
85 All American Bank Des Plaines Illinois October 28, 2011 International Bank of Chicago 37.8
86 Mid City Bank, Inc. Omaha Nebraska November 4, 2011 Premier Bank 106.1
87 SunFirst Bank Saint George Utah November 4, 2011 Cache Valley Bank 376.2
88 Community Bank of Rockmart Rockmart Georgia November 10, 2011 Century Bank of Georgia 62.4
89 Polk County Bank Johnston Iowa November 18, 2011 Grinnell State Bank 91.6
90 Central Progressive Bank Lacombe Louisiana November 18, 2011 First NBC Bank 383.1
91 Premier Community Bank of the Emerald Coast Crestview Florida December 16, 2011 Summit Bank 126.0
92 Western National Bank Phoenix Arizona December 16, 2011 Washington Federal 162.9
List of bank failures in 2012

The following 13 banks have failed in 2012[1]:
Bank City State Date Acquired by Assets
($mil.)
1 American Eagle Savings Bank Boothwyn Pennsylvania January 20, 2012 Capital Bank, N.A. 20
2 The First State Bank Stockbridge Georgia January 20, 2012 Hamilton State Bank 537
3 Central Florida State Bank Belleview Florida January 20, 2012 CenterState Bank of Florida 79
4 BankEast Knoxville Tennessee January 27, 2012 U.S. Bancorp 273
5 Patriot Bank Minnesota Forest Lake Minnesota January 27, 2012 First Resource Bank 111
6 Tennessee Commerce Bank Franklin Tennessee January 27, 2012 Republic Bank & Trust Co. 1,185
7 First Guaranty Bank and Trust Company of Jacksonville Jacksonville Florida January 27, 2012 CenterState Bank of Florida 378
8 Charter National Bank and Trust Hoffman Estates Illinois February 10, 2012 Barrington Bank & Trust Company, National Association 94
9 SCB Bank Shelbyville Indiana February 10, 2012 First Merchants Bank, National Association 183
10 Home Savings of America Little Falls Minnesota February 24, 2012 None (Closed permanently by the FDIC) 434
11 Central Bank of Georgia Ellaville Georgia February 24, 2012 Ameris Bank 279
12 Global Commerce Bank Doraville Georgia March 2, 2012 Metro City Bank 144
13 New City Bank Chicago Illinois March 8, 2012 None (Closed permanently by the FDIC) 71</div></div>

Stretch
05-03-2012, 03:19 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: LWW</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">Facts.

Q </div></div>

Nobody thought you had an answer. </div></div>

Nobody thought you wanted an answer. St.