last week included two in Florida and one in Oregon, bringing the total number of banks and savings and loans shut down by regulators this year to 72.
All 97 bank failures since the beginning of 2008 are detailed on
interactive bank failure map:
continues to lead all states with 21 bank or thrift failures during 2008 and 2009, followed by
with 14 failures,
with eight and
Nevada with four failures.
Two of the failed banks were included in
list of over 100
, based on preliminary second-quarter data. One didn't appear on the list, because it had not filed a second-quarter call report.
Of the 89 institutions on a previous list of undercapitalized banks published
in late May, 31 have failed so far.
The Florida Office of Financial Regulation shut down
First State Bank
of Sarasota, Fla. and appointed the Federal Deposit Insurance Corporation receiver. The FDIC sold all of the failed bank's retail deposits and branches to
Stearns Bank NA
of St. Cloud, Minn.
The Office of the Comptroller of the Currency took over
Community National Bank of Sarasota County
of Venice, Fla., which also had its deposits and branches sold by the FDIC to Stearns Bank.
State regulators closed
Community First Bank
of Prineville, Ore. The FDIC was appointed receiver and sold Community First Bank's retail deposits and branches to
Home Federal Bank
of Nampa, Idaho, a subsidiary of
Home Federal Bancorp
, which acquired
, the largest bank or thrift ever to fail in the U.S., was among the large bank holding companies that have acquired failed institutions during 2008 and 2009. Others include
Fifth Third Bancorp
issues independent and very conservative financial-strength ratings on the nation's 8,300 banks and savings and loans. These are available at no charge on the
. In addition, the financial-strength ratings for 4,000 life, health, annuity, and property/casualty insurers are available on the
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Philip W. van Doorn joined TheStreet.com Ratings., Inc., in February 2007. He is the senior analyst responsible for assigning financial strength ratings to banks and savings and loan institutions. He also comments on industry and regulatory trends. Mr. van Doorn has fifteen years experience, having served as a loan operations officer at Riverside National Bank in Fort Pierce, Florida, and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a Bachelor of Science in business administration from Long Island University.