FDIC announced another 5 bank failures on July 31, 2009. We still have 5 months to go in 2009 and already 69 banks have failed. At this pace, total bank failures will reach pass 100 banks this year
Bank Name | Amount of Asset | Closing Date |
First State Bank, Altus, OK | $103 Million | July 31, 2009 |
Integrity Bank, Jupiter, FL | $119 Million | July 31, 2009 |
Peoples Community Bank, West Chester, OH | $705 Million | July 31, 2009 |
First Bank Americano, Elizabeth, NJ | $166 Million | July 31, 2009 |
Mutual Bank, Harvey, IL | $1.6 Billion | July 31, 2009 |