No New Failures

As of 7:45 pm there have been no failures. The Bank Blog will be updated throughout the evening as new information arrives.

Number Four Bank Fails

Fourth-ranked Truman Bank of Saint Louis, Missouri, was closed today by state regulators. The approximately $282.3 million in total assets and $245.7 million in total deposits of the former bank were acquired by the Simmons First National Bank (1783rd) of Pine Bluff, Arkansas, to assume all of the deposits of Truman Bank.This was Simmons third acquisition of a failed bank since the start of the crisis. As part of the deal, the FDIC and Simmons First National Bank entered into a loss-share transaction on $117.8 million of Truman Bank's assets. Overall, the FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $34.0 million.

Eleventh Ranked Bank Fails

After a months-long holiday from bank closings regulators shut down First Commercial Bank of Bloomington, Minnesota today. The eleventh worst bank on the newest Bank Blog list, the $215.9 million bank by assets and $206.8 million in total deposits was taken over by Republic Bank & Trust Company of Louisville, Kentucky (6941st). This is the second acquisition for Republic after obtaining the operations of Tennessee Commerce Bank earlier this year.The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) for this failure will be $63.9 million.

No New Failures

For a surprising fourth week in a row that have been no reported bank failures.  This is subject to change however as the day progresses. The Bank Blog will be updated as new information comes in.

No New Failures

As of 7:45 pm EST there have been no bank failures this week. The Bank Blog will be updated throughout the evening as new information comes in.

August 2012 Top 40

With this new Top 40 list, the Bank Blog has expanded its ranking to all regulated, deposit taking banks in the United States.  As all regulated banks are now filing under the same reporting format, it is now possible to compare across these savings banks as well. That should introduce a few never before seen banks to our list.

In the last quarter The Bank Blog continued to demonstrate well the least stable U.S. banks well. Of the 40 banks listed, 9 failed. Several problem banks all have the same parent, Capital Bancorp Limited. The Bank Blog has decided to highlight those banks. We would also like to caution our readers not to infer that those banks leaving the list are now safe.  Most of the banks are still ranked among the 65 worst, except for one now ranked 164th (ISB Community Bank).

Returning banks are listed in bold and newly failed banks are listed in italics. Capital Bancorp Limited banks are listed with an asterisk before their name.


1. * PISGAH COMMUNITY BANK of ASHEVILLE, NC
2. EASTERN SAVINGS BANK of HUNT VALLEY, MD
3. GULFSOUTH PRIVATE BANK of DESTIN, FL
4. TRUMAN BANK of SAINT LOUIS MO
5. * SUNRISE BANK of VALDOSTA, GA
6. U.S. CENTURY BANK of MIAMI FL
7. DECATUR STATE BANK of DECATUR, AR  
8. EXCEL BANK of SEDALIA MO
9. DUPAGE NATIONAL BANK of WEST CHICAGO, IL
10. TEXAS COMMUNITY BANK, N.A. of THE WOODLANDS, TX
11. FIRST COMMERCIAL BANK of BLOOMINGTON, MN
12. * BANK OF LAS VEGAS of LAS VEGAS, NV
13. COMMUNITY BANK OF THE OZARKS of SUNRISE BEACH, MO
14. WESTSIDE COMMUNITY BANK of UNIVERSITY PLACE, WA
15. ANCHOR COMMERCIAL BANK of JUNO BEACH, FL
16. THE PATTERSON BANK of PATTERSON, GA 
17. AMERICAN METRO BANK of CHICAGO, IL
18. FIRST UNITED BANK of CRETE, IL
19. HOMETOWN COMMUNITY BANK of BRASELTON, GA
20. * MICHIGAN COMMERCE BANK of ANN ARBOR, MI
21. FIRST SECURITY BANK OF MALTA of MALTA, MT
22. FIRST CAROLINA STATE BANK of ROCKY MOUNT, NC
23. DOUGLAS COUNTY BANK of DOUGLASVILLE, GA
24. BEACH COMMUNITY BANK of FORT WALTON BEACH, FL
25. FARMERS EXCHANGE BANK of LOUISVILLE, AL
26. BANK OF NAPLES of NAPLES, FL
27. COVENANT BANK of CHICAGO, IL
28. MILE HIGH BANKS of LONGMONT, CO
29. * 1ST COMMERCE BANK of NORTH LAS VEGAS, NV
30. FIRST SOUTH BANK of SPARTANBURG, SC
31. FIDELITY BANK of FLORIDA, N.A. of MERRITT ISLAND, FL
32. STATE CENTRAL BANK of KEOKUK, IA
33. COMMUNITY SOUTH BANK of PARSONS, TN
34. FIRST FEDERAL BANK of LEXINGTON, KY
35. * CENTRAL ARIZONA BANK of SCOTTSDALE, AZ
36. IDAHO BANKING COMPANY of BOISE, ID
37. GUARANTY BANK of BROWN DEER, WI
38. METROBANK of CHICAGO, IL
39. HOMETOWN NATIONAL BANK of LONGVIEW, WA
40. THE PEOPLES BANK of COVINGTON, GA

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No New Failures (again)

For the second consecutive week there have been no bank failures to report.