NEW YORK (
last week in
California, Minnesota and Maryland brought the total number of banks and savings and loans shut down by regulators this year to 84.
All 106 bank failures since the beginning of 2008 are detailed on
interactive bank failure map:
continues to lead all states with 23 bank or thrift failures during 2008 and 2009, followed by
with 14 each,
with eight and
The Office of Thrift Supervision took over
of Atlanta and appointed the Federal Deposit Insurance Corp. receiver. The FDIC then sold the thrift's deposits and sole office to
Stearns Bank NA
The Office of Thrift Supervision shuttered
of Baltimore. The FDIC was appointed receiver and sold all of the institution's deposits and branches
Manufacturers & Traders Trust Co
of Buffalo, N.Y., the main subsidiary of
M&T Bank Corp.
Allied Irish Banks PLC
holds a significant stake in M&T Bank Corp.
Minnesota regulators closed
of Forest Lake and appointed the FDIC receiver. The FDIC was appointed receiver and sold the failed bank's deposits and branches to
of Stillwater, Minn.
The California Department of Financial Institutions took over
of Ventura. The FDIC was appointed receiver and sold all of Affinity's deposits and branches to
Pacific Western Bank
of San Diego. Pacific Western is held by
All three failed institutions were included in
list of 116
, based on second-quarter data.
Of the 89 institutions on a previous list published by
in late May, 38 have failed. That list also included the three banks and thrifts that failed Friday.
, which acquired
, the largest-ever bank or thrift to fail in the U.S., is among the large bank hold companies that have acquired failed institutions during 2008 and 2009. Others include
Fifth Third Bancorp
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
Written by Philip van Doorn in Jupiter Fla.
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.