) --

New bank failures

last week included two in

Georgia and one each in Texas and Alabama, bringing the total number of banks and savings and loans shut down by regulators this year to 81.

All 106 bank failures since the beginning of 2008 are detailed on's interactive bank failure map:


continues to lead all states with 23 bank or thrift failures during 2008 and 2009, followed by


with 14 failures,


with 13,


with eight and


with five failures.

The Office of Thrift Supervision took over


of Atlanta and appointed the FDIC as receiver. The FDIC then sold the thrift's deposits and sole office to

Stearns Bank NA


Georgia regulators shut down

First Coweta Bank

of Newnan. The FDIC was appointed receiver and sold the failed bank's retail deposits and branches to

United Bank

of Zebulon, Ga.

The Alabama State Banking Department closed

CapitalSouth Bank

of Birmingham and appointed the FDIC receiver. The FDIC sold all of CapitalSouth's retail deposits and branches to


of Lafayette, La. Iberiabank is the main subsidiary of


(IBKC) - Get Report


The Office of Thrift Supervision closed Guaranty Bank of Austin, Texas, the main subsidiary of

Guaranty Financial Group


. In a deal that was leaked Thursday, the FDIC sold all retail deposits and branches of

Guaranty Bank


BBVA Compass

of Birmingham, Ala., the main U.S. subsidiary of

Banco Bilbao Vizcaya Argentaria SA

(BB) - Get Report


Guaranty Bank had $13 billion in total assets when it failed, and it was a particularly expensive failure, with the FDIC estimating that the cost to its insurance fund from the thrift's failure would be $3 billion. In comparison,

Colonial Bank

, which failed the previous week, had $25 billion in total assets and the cost of its failure to the FDIC was $2.8 billion.

First Coweta and CapitalSouth were included in's

preliminary list of 104

undercapitalized banks and thrifts

, based on preliminary second-quarter data. Guaranty Bank and ebank were not included in the preliminary second-quarter list, since data for most thrifts was unavailable when the report was published on Aug. 6.

Of the 89 institutions on a previous list published

in late May, 35 have failed.

Large bank holding companies that have acquired failed institutions during 2008 and 2009 include

JPMorgan Chase

(JPM) - Get Report

, which acquired Washington Mutual, the largest-ever bank or thrift to fail in the U.S.;

SunTrust Banks

(STI) - Get Report


Regions Financial

(RF) - Get Report


Fifth Third Bancorp

(FITB) - Get Report


U.S. Bancorp

(USB) - Get Report


Zions Bancorp

(ZION) - Get Report


PNC Financial

(PNC) - Get Report

; and


(BBT) - Get Report

. Ratings

issues independent and very conservative financial strength ratings on each of the nation's 8,500 banks and savings and loans. They are available at no charge on the

Banks & Thrifts Screener


In addition, the Financial Strength Ratings for 4,000 life, health, annuity, and property/casualty insurers are available on the

Insurers & HMOs Screener

. Ratings

also provides award-winning stock ratings, which are available on the

Stock Ratings Screener

. Ratings

was recently ranked the No. 1 independent stock selector during the market meltdown by BNY ConvergEx Group's BNY Jaywalk.


Written by Philip van Doorn in Jupiter Fla.

Philip W. van Doorn joined 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.