What About Failed Banks ?

[Alison] I went looking for this list to see which banks have failed, where, how big or small, so I could begin to think about what is going on here. Of course, it doesn't stretch to other financial institutions like Lehman Brothers or AIG, which are currently in the news nor does it cover banks for whom the FDIC is NOT the receiver. Of course, by the time a bank hits THIS list, you're already late to take any effective action to get out beforehand. So what can we do?

If you'll remember, in Mary Poppins the musical, a run on the bank was caused because a little boy did not want to deposit his tuppence in the bank and caused a scene when they tried to take it from him. That's a huge danger here, panic, fear diving the banks down as reality and perception meet. Worth thinking about...

Did you know that there's a confidence index and also a misery index in the financial papers. Needless, to say, for many people, confidence is down and misery is up and that is what the indexes are currently reflecting.

So you can follow along for yourself: Failed Banks List (http://www.fdic.gov/bank/individual/failed/banklist.html)

The FDIC is often appointed as receiver for failed banks. This page contains useful information for the customers and vendors of these banks. This includes information on the acquiring bank (if applicable), how your accounts and loans are affected, and how vendors can file claims against the receivership.

This list includes banks which have failed since October 1, 2000.

Ameribank, Northfork, WV closed September 19, 2008
Silver State Bank, Henderson, NV, En Español closed
September 5, 2008
Integrity Bank, Alpharetta, GA closed August 29, 2008
The Columbian Bank and Trust, Topeka, KS closed August 22, 2008
First Priority Bank, Bradenton, FL closed August 1, 2008
First Heritage Bank, NA, Newport Beach, CA closed July 25, 2008
First National Bank of Nevada, Reno, NV closed July 25, 2008
IndyMac Bank, Pasadena, CA closed July 11, 2008
First Integrity Bank, NA, Staples, MN closed May 30, 2008
ANB Financial, NA, Bentonville, AR closed May 9, 2008
Hume Bank, Hume, MO closed March 7, 2008
Douglass National Bank, Kansas City, MO closed January 25, 2008
Miami Valley Bank, Lakeview, OH closed October 4, 2007
NetBank, Alpharetta, GA closed September 28, 2007
Metropolitan Savings Bank, Pittsburgh, PA closed February 2, 2007
Bank of Ephraim, Ephraim, UT closed June 25, 2004
Reliance Bank, White Plains, NY closed March 19, 2004
Guaranty National Bank of Tallahassee, Tallahassee, FL closed
March 12, 2004
Dollar Savings Bank, Newark, NJ closed February 14, 2004
Pulaski Savings Bank, Philadelphia, PA closed November 14, 2003
The First National Bank of Blanchardville, Blanchardville, WI closed
May 9, 2003
Southern Pacific Bank, Torrance, CA closed February 7, 2003
The Farmers Bank of Cheneyville, Cheneyville, LA December 17, 2002
The Bank of Alamo, Alamo, TN closed November 8, 2002
AmTrade International Bank of Georgia, Atlanta, GA - En Español
closed September 30, 2002
Universal Federal Savings Bank, Chicago, IL closed June 27, 2002
Connecticut Bank of Commerce, Stamford, CT closed June 26, 2002
New Century Bank, Shelby Township, MI closed March 28, 2002
Net 1st National Bank, Boca Raton, FL closed March 1, 2002
NextBank, N.A., Phoenix, AZ closed February 7, 2002
Oakwood Deposit Bank Company, Oakwood, OH closed
February 1, 2002
Bank of Sierra Blanca, Sierra Blanca, TX closed January 18, 2002
Hamilton Bank, N.A., Miami, FL, En Español closed January 11, 2002
Sinclair National Bank, Gravette, AR closed September 7, 2001
Superior Bank, FSB, Hinsdale, IL closed July 27, 2001
The Malta National Bank, Malta, OH closed May 3, 2001
First Alliance Bank & Trust Company, Manchester, NH closed
February 2, 2001
National State Bank of Metropolis, Metropolis, IL closed
December 14, 2000
Bank of Honolulu, Honolulu, HI closed October 13, 2000