BANK FAILURES | CLOSED BANKS | FAILED BANKS
Banks closed by federal and state regulators. Bankwide attempts to keep this list as up to date as possible -Report a Bank Failure
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Bank Failures
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Thursday, 05 June 2008 |
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On May 30, 2008,
First Integrity Bank NA, Staples, MN
was closed by the
Office of the Comptroller of the Currency (OCC) and the Federal Deposit
Insurance Corporation (FDIC) was named Receiver. No advance notice
is given to the public when a financial institution is closed. The bank was closed due to unsafe practices weakening it's financial condition.
First Integrity Bank had $54.7 million in assets and $50.3 million in deposits as of March 31. This is the fourth failure this year of an FDIC-insured bank -- following two small Missouri institutions, Hume Bank and Douglass National Bank, and ANB Financial National Association of Bentonville, Ark., which had about $2.1 billion in assets.
FDIC officials said Thursday they anticipate an increase in bank failures this year. In March, the agency said it would hire an additional 140 employees to bring staff levels to 360 in the division that handles bank failures.
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Bank Failures
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Monday, 12 May 2008 |
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On May 9, 2008, ANB Financial, NA, Bentonville, AR was closed by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
Federal regulators say they've closed ANB Financial National Association banks after discovering "unsafe and unsound" business practices there.
David Barr, a spokesman for the Federal Deposit Insurance Corp. says many customers served by the bank's nine locations had accounts under $100,000, which will be fully insured by the government.
Barr says customers can continue to write checks and draw money from ATMs through the weekend. Barr says Pulaski Bank and Trust Co. agreed to assume control over ANB Financial's bank locations, which will be open Monday. As of Jan. 31, federal regulators say ANB Financial had about $2.1 billion in assets and $1.8 billion in total deposits.
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Bank Failures
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Thursday, 06 March 2008 |
The commissioner of Missouri's Division of Finance has closed Hume Bank.
The FDIC was named as the receiver. As of the end of 2007 Hume Bank had $18.7 million dollars. The banks former president Jefferey W. Thompson had been banned from the banking industry on August 21, 2007.
The Missouri commissioner of finance stated that "the books were being cooked by former management". The bank's frail condition was being misrepresented to state and federal regulators.
The bank, approximately 80 miles south of Kansas City will reopen as a branch of Security Bank in nearby Rich Hill.
The second bank to close in 2008 following the failure of Douglass National Bank in Kansas City.
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Last Updated ( Sunday, 09 March 2008 )
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Bank Failures
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Thursday, 24 January 2008 |
Douglass National Bank, Kansas City, MO - FAILED
Kansas City, MO - Douglass National Bank was closed by Federal Regulators under the weight of mounting loan problems. Last March reglators issued orders for the bank to improve its capital strength. Since 2006 that banks losses reached $5.6 million dollars and more than one fifth of the bank's remaining loans were considered problematic as of the end of 2007.
The Office of the Comptroller of the Currency, which regulates
nationally chartered banks, closed Douglass after its regular business
hours Friday and appointed the Federal Deposit Insurance Corp. to be
receiver. The FDIC said it sold $55.7 million of Douglass' assets to
Liberty Bank and Trust at book value, less a discount of $6.1 million.
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Last Updated ( Sunday, 09 March 2008 )
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