for the week of June 22 include Georgia's
Southern Community Bank
, North Carolina's
First National Bank of Anthony
All 65 bank failures since the beginning of 2008 are detailed on
interactive bank failure map:
All three failed banks were included in
recent list of 89
United Community Bank
of Blairsville, Ga., a subsidiary of
United Community Bank
, bought all Southern Community deposits and branches from the Federal Deposit Insurance Corp.
of Troy, N.C., held by
, bought all Cooperative's retail deposits and branches from the FDIC. Cooperative is a subsidiary of
Bank of Kansas
, of South Hutchinson, Kan.,
purchased all of First National Bank of Anthony's deposits.
leads all states with 12 bank or thrift failures during 2008 and 2009, followed by
with nine failures, Illinois with seven,
with five and Nevada with four.
Large bank holding companies that have acquired failed institutions during 2008 and 2009 include
, which acquired
, the largest bank or thrift ever to fail in the U.S.,
Fifth Third Bancorp
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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.