New Bank Failures: Week of June 22

New bank failures for the week of June 22 include Georgia's Southern Community Bank, North Carolina's Cooperative Bank and First National Bank of Anthony in Kansas.

All 65 bank failures since the beginning of 2008 are detailed on TheStreet.com's interactive bank failure map:

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All three failed banks were included in TheStreet.com's recent list of 89 undercapitalized banks and thrifts.

United Community Bank of Blairsville, Ga., a subsidiary of United Community Bank (UCBI), bought all Southern Community deposits and branches from the Federal Deposit Insurance Corp. First Bank of Troy, N.C., held by First Bancorp (FBNC), bought all Cooperative's retail deposits and branches from the FDIC. Cooperative is a subsidiary of Cooperative Bancshares (COOP).

Bank of Kansas, of South Hutchinson, Kan., Southwest Bancorp (OKSB) purchased all of First National Bank of Anthony's deposits.

Georgia leads all states with 12 bank or thrift failures during 2008 and 2009, followed by California with nine failures, Illinois with seven, Florida with five and Nevada with four.

Large bank holding companies that have acquired failed institutions during 2008 and 2009 include JPMorgan Chase (JPM), which acquired Washington Mutual, the largest bank or thrift ever to fail in the U.S., SunTrust Banks (STI), Regions Financial (RF), Zions Bancorp (ZION), Fifth Third Bancorp (FITB), US Bancorp (USB) and BB&T (BBT).

TheStreet.com Ratings, recently cited for Best Stock Selection from October 2007 through February 2009, is an independent research provider that combines fundamental and technical analysis to offer investors tremendous value in volatile times. It provides independent and very conservative financial strength ratings on each of the nation's 8,500 banks and savings and loans, which are available at no charge on the Banks & Thrifts Screener. To see how your portfolio can use this and other research, click here now!.

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