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[clarence]

#24 Alabama Trust Bank, National Association, Sylacauga, Alabama

assets=$51.6M, estimated loss=$8.9M. about 17.2%.

just another small town bank.

clarence

[Rarick]

They are probably "Making the economy more manageable" by concentrating into the big 5 "Cannot Fail" banks.  Effectively nationalizing the banking system.    Sneaky quietly, except for Ron Pauls end the fed, there doesn't seem to be anyone else.......   Except maybe a "Fight Club" fringe?

Yet another reason to make your cash into something other than FRN's.   Also invest in your ability to do/ survive, go camping more, do more hiking, learn trail/wood craft stuff........It takes money to make the mistakes that leaning takes, your dividend on the investment will be skills to avoid the lion tiger and bear bills later.

Incidentally the black/ free market, at one point, in Russia was probably larger than the "Real" one run by the state...........

[MamaLiberty]

which will remain open until May 25, 2012 to allow depositors access to their insured deposits and time to open accounts at other insured institutions.

Hard to believe that people would actually take money from such a failed entity... and immediately trust another one.

But I see it happen every day.

[clarence]

#25 First Capital Bank, Kingfisher, Oklahoma

assets=$46.1M, estimated loss=$5.6M. about 12.1%.

#26 Carolina Federal Savings Bank, Charleston, South Carolina

assets=$54.4M, estimated loss=$15.2M. about 27.9%.

#27 Farmers and Traders State Bank, Shabbona, Illinois

assets=$43.1M, estimated loss=$8.9M. about 20.6%.

#28 Waccamaw Bank, Whiteville, North Carolina

assets=$533.1M, estimated loss=$51.1M. about 9.6%.

hit to the d.i.f. of about $80.8M. just another day in the unfolding collapse of the world financial system.

clarence

[clarence]

#29 Putnam State Bank, Palatka, Florida

assets=$169.5M, estimated loss=$37.4M. about 22.1%.

#30 Security Exchange Bank, Marietta, Georgia

assets=$151.0M, estimated loss=$34.3M. about 22.7%.

#31 The Farmers Bank of Lynchburg, Lynchburg, Tennessee

assets=$163.9M, estimated loss=$28.3M. about 17.3%.

hit to the d.i.f. of about $100M.

florida's fourth, georgia's fifth and tennessee's third. 12 of 31.

clarence

[clarence]

Montgomery Bank & Trust, Ailey, Georgia

assets=$173.6M. estimated loss=$75.2M. about 43.4%.

evidently, it looks like the bank had more problems than just bad loans: http://www.bradenton.com/2012/07/07/4106664/closed-georgia-bank-has-missing.html

On Tuesday, the U.S. attorney's office in New York announced that missing director Aubrey Lee Price has been charged with wire fraud involving the embezzlement of $17 million from the bank.

After telling upper management that he was investing in U.S. Treasury securities, he wired bank funds to accounts he controlled and prepared falsified statements to cover his tracks, the federal complaint said.

clarence

[DiabloLoco]

Montgomery Bank & Trust, Ailey, Georgia

assets=$173.6M. estimated loss=$75.2M. about 43.4%.

evidently, it looks like the bank had more problems than just bad loans: http://www.bradenton.com/2012/07/07/4106664/closed-georgia-bank-has-missing.html

On Tuesday, the U.S. attorney's office in New York announced that missing director Aubrey Lee Price has been charged with wire fraud involving the embezzlement of $17 million from the bank.

After telling upper management that he was investing in U.S. Treasury securities, he wired bank funds to accounts he controlled and prepared falsified statements to cover his tracks, the federal complaint said.

clarence

Wow! I think that may be the highest percentage of loss in quite a while.

[clarence]

Glasgow Savings Bank, Glasgow, Missouri

assets=$24.8M. estimated loss=$0.1M. about 0.4%.

more on this bank at: banktracker

the monetary information shows a small bank being stressed by non-performing loans.

clarence

[clarence]

#34 The Royal Palm Bank of Florida, Naples, Florida

assets=$87.0M, estimated loss=$13.5M. about 15.5%.

#35 Georgia Trust Bank, Buford, Georgia

assets=$119.8M, estimated loss=$20.9M. about 17.4%.

#36 First Cherokee State Bank, Woodstock, Georgia

assets=$222.7M, estimated loss=$36.9M. about 16.6%.

#37 Heartland Bank, Leawood, Kansas

assets=$110.0M, estimated loss=$3.1M. about 2.8%.

#38 Second Federal Savings and Loan Association of Chicago, Chicago, Illinois

assets=$199.1M, estimated loss=$76.9M. about 38.6%.

In addition to assuming all of the deposits, Hinsdale Bank & Trust Company agreed to purchase approximately $14.2 million in assets, comprised mainly of cash. All loans, including consumer and mortgage, will be retained by the FDIC for later disposition.

fifth for florida, seventh and eighth for georgia and the fifth in chicago. hit to the d.i.f. of about $151.3M.

clarence

[clarence]

#39 Jasper Banking Company, Jasper, Georgia

assets=$216.7M, estimated loss=$58.1M. about 26.8%.

ninth bank in georgia.

clarence

[clarence]

#40 Waukegan Savings Bank, Waukegan, Illinois

assets=$88.9M, estimated loss=$19.8M. about 22.3%.

sixth in illinois.

clarence

[clarence]

#41 First Commercial Bank,Bloomington, Minnesota

assets=$215.9M. estimated loss=$63.9M. about 29.6%.

fourth for minnesota and the first in over a month. how many dead banks are they not closing?

clarence

[Lonewolf72]

And yet you never here of the closings. Hadn't heard of any in Minnesota until I read this. How many more are still hidden?

[clarence]

#42 Truman Bank, Saint Louis, Missouri

assets=$282.3M, estimated loss=$34.0M. about 12%.

second in missouri this year.

banktracker troubled asset ratio=384%

i'm adding banktracker's troubled asset ratio as an indicator of how stressed the banks being closed are by non-performing loans and assets.

clarence

[mutti]

...banktracker's ...clarence

Thanks for the reminder about Banktracker. They have quite a bit of information beyond just the failed banks.