10 failed banks ยท 2009 to 2011
Failed banks taken over by U.S. Bank N.A.
U.S. Bank N.A. of Minneapolis, Minnesota took over ten failed banks between 2009 and 2011, the third-highest count among the 318 acquirers of that period. Together they reported $21.6 billion in assets and $17.2 billion in deposits at closing. The largest was California National Bank, at $7.8 billion. The banks were spread over five states, most in California (3). Nine of the deals came in 2009. The most recent was First Community Bank of Taos, on January 28, 2011. The FDIC's estimated loss on these failures totals $566 million, a median of 3.1% of each bank's assets.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| October 30, 2009 | California National Bank | Los Angeles, CA | $7.8 billion | $182 million |
| October 30, 2009 | Park National Bank | Chicago, IL | $4.7 billion | $2.8 million |
| October 30, 2009 | San Diego National Bank | San Diego, CA | $3.6 billion | $36.4 million |
| October 30, 2009 | Pacific National Bank | San Francisco, CA | $2.3 billion | $58.6 million |
| October 30, 2009 | North Houston Bank | Houston, TX | $325 million | $12.0 million |
| October 30, 2009 | Madisonville State Bank | Madisonville, TX | $256 million | none |
| October 30, 2009 | Bank USA, N.A. | Phoenix, AZ | $213 million | $11.7 million |
| October 30, 2009 | Citizens National Bank | Teague, TX | $118 million | $5.8 million |
| October 30, 2009 | Community Bank of Lemont | Lemont, IL | $81.8 million | $25.9 million |
| January 28, 2011 | First Community Bank | Taos, NM | $2.2 billion | $231 million |
Recorded by the FDIC under two spellings: U.S. Bank N.A.; U.S. Bank, N.A..
The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.