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The Growing List of Failed Banks

in Checking, Second Chance Banking

Banks are failing left and right in 2008. The FDIC maintains a list of failed banks. In 2008, there have been almost 20 failures of FDIC insured banks. Is yours one of them?

How many of these failed banks are second chance banks? Often, banks that issue second chance checking accounts are more aggressive in their marketing and less stringent in their underwriting procedures. Does this lead to more failures? Check the list, and let us know if any of these banks were second chance banks.


Bank Name Closing Date Updated Date

Sanderson State Bank, Sanderson, TX
En Español

December 12, 2008

December 12, 2008


Haven Trust Bank, Duluth, GA

December 12, 2008

December 12, 2008

First Georgia Community Bank, Jackson, GA


December 5, 2008


December 5, 2008

PFF Bank and Trust, Pomona, CA


November 21, 2008

November 21, 2008

Downey Savings and Loan, Newport Beach, CA

November 21, 2008

November 21, 2008


The Community Bank, Loganville, GA
November 21, 2008 November 21, 2008

Security Pacific Bank, Los Angeles, CA

November 7, 2008


November 7, 2008

Franklin Bank, SSB, Houston, TX


November 7, 2008

November 7, 2008

Freedom Bank, Bradenton, FL

October 31, 2008

October 31, 2008

Alpha Bank & Trust, Alpharetta, GA October 24, 2008 October 24, 2008
Meridian Bank, Eldred, IL October 10, 2008 October 10, 2008
Main Street Bank, Northville, MI October 10, 2008 October 10, 2008

Washington Mutual Bank, Henderson, NV and Washington
Mutual Bank FSB, Park City, UT


September 25, 2008


October 20, 2008


Ameribank, Northfork, WV


September 19, 2008

October 20, 2008

Silver State Bank, Henderson, NV
En Español

September 5, 2008

October 20, 2008

Integrity Bank, Alpharetta, GA


August 29, 2008


December 23, 2008
The Columbian Bank and Trust, Topeka, KS August 22, 2008
October 20, 2008
First Priority Bank, Bradenton, FL August 1, 2008


October 27, 2008

First Heritage Bank, NA, Newport Beach, CA July 25, 2008

October 20, 2008

First National Bank of Nevada, Reno, NV July 25, 2008
December 9, 2008
IndyMac Bank, Pasadena, CA July 11, 2008
October 27, 2008
First Integrity Bank, NA, Staples, MN May 30, 2008
October 20, 2008
ANB Financial, NA, Bentonville, AR May 9, 2008
October 27, 2008
Hume Bank, Hume, MO March 7, 2008

October 27, 2008

Douglass National Bank, Kansas City, MO January 25, 2008
October 20, 2008
Miami Valley Bank, Lakeview, OH October 4, 2007
October 20, 2008
NetBank, Alpharetta, GA September 28, 2007
December 23, 2008
Metropolitan Savings Bank, Pittsburgh, PA February 2, 2007
October 20, 2008
Bank of Ephraim, Ephraim, UT June 25, 2004 April 9, 2008
Reliance Bank, White Plains, NY March 19, 2004 April 9, 2008
Guaranty National Bank of Tallahassee, Tallahassee, FL March 12, 2004
October 20, 2008
Dollar Savings Bank, Newark, NJ February 14, 2004 April 9, 2008
Pulaski Savings Bank, Philadelphia, PA November 14, 2003 July 22, 2005
The First National Bank of Blanchardville,
Blanchardville, WI
May 9, 2003
October 20, 2008
Southern Pacific Bank, Torrance, CA February 7, 2003
October 20, 2008
The Farmers Bank of Cheneyville, Cheneyville, LA December 17, 2002 October 20, 2004
The Bank of Alamo, Alamo, TN November 8, 2002 March 18, 2005
AmTrade
International Bank of Georgia, Atlanta, GA

En Español
September 30, 2002 September 11, 2006
Universal Federal Savings Bank, Chicago, IL June 27, 2002 April 9, 2008
Connecticut Bank of Commerce, Stamford, CT June 26, 2002
October 20, 2008
New Century Bank, Shelby Township, MI March 28, 2002 March 18, 2005
Net 1st National Bank, Boca Raton, FL March 1, 2002 April 9, 2008
NextBank, N.A., Phoenix, AZ February 7, 2002


October 20, 2008

Oakwood Deposit Bank Company, Oakwood, OH February 1, 2002


October 20, 2008

Bank of Sierra Blanca, Sierra Blanca, TX January 18, 2002 November 6, 2003
Hamilton Bank, N.A., Miami, FL
En Español
January 11, 2002

October 20, 2008

Sinclair National Bank, Gravette, AR September 7, 2001 February 10, 2004
Superior Bank, FSB, Hinsdale, IL July 27, 2001
October 20, 2008
The Malta National Bank, Malta, OH May 3, 2001 November 18, 2002
First Alliance Bank & Trust Company, Manchester, NH February 2, 2001 February 18, 2003
National State Bank of Metropolis, Metropolis, IL December 14, 2000 March 17, 2005
Bank of Honolulu, Honolulu, HI October 13, 2000 March 17, 2005


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Related ChexSystems Banking Information:

  1. How New Banking Rules May Impact Your Second Chance Bank Account
  2. National Bank
  3. Why is it Important to Stay Off the ChexSystems List?
  4. The FDIC Says Almost 1/4 Of Banks Offer “Second Chance Accounts”
  5. National Do Not Call Registry

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