Failed Bank List

Closed Friday, January 25, 2008 · Kansas City, Jackson County, Missouri

Douglass National Bank

No bank in Missouri had failed for 13 years, since Superior National Bank closed in 1994. Douglass National Bank's assets had shrunk 49% from their peak in the second quarter of 2005 by the last report before closing. It reported a net loss in three of its final eight reporting years.

On the books, 2000 to 2007

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$30M$60M$90M$120M2001200220032004200520062007Closed
Total assets peaked at $104 million. Equity capital went from 5.5% of assets in the first quarter of 2000 to 2.2% at the last report. By then 21% of its loans were 90 days or more past due or no longer accruing interest. The deepest annual loss, $4.3 million, was booked in 2006.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end$6M−$6M2000: $551 thousand20007.3%2001: $416 thousand20017.3%2002: $600 thousand20027.6%2003: $602 thousand20037.4%2004: $805 thousand20047.9%2005: −$337 thousand20056.3%2006: −$4.3 million20063.4%2007: −$1.3 million20072.2%

Size against the other 2008 failures

Total assets of the 25 banks that failed in 2008, log scale$10M$100M$1B$10B$100B$1,000B
Total assets of each 2008 failure, log scale; Douglass National Bank in red.

By assets it ranked 22nd of the 25 failures in 2008. Within Missouri it ranks 27th by size of the 122 failures recorded since 1934. Across the failures of 2008, the median estimated loss came to 37% of assets. In the size ranking of that year, just above it was First Integrity Bank, NA of Staples, Minnesota ($52.9 million, loss 19% of assets); just below, Meridian Bank of Eldred, Illinois ($38.2 million, loss 43% of assets). Every 2008 failure in the explorer.

Failures in Missouri

It was one of two banks in Missouri to fail in 2008. The next was Hume Bank of Hume, on March 7, 2008. Jackson County has 10 failed banks on FDIC record since 1934. Closest in time: Home Savings Association of Kansas City, FA (1991), The Merchants Bank (1992), Superior National Bank (1994), American Sterling Bank (2009), First Bank of Kansas City (2009).

Bank failures in Missouri per year, 1980 to 20260258101982: 21983: 11984: 21985: 91986: 101987: 41988: 21989: 71990: 61991: 21992: 81994: 12008: 22009: 32010: 62011: 12012: 419801990200020102020
Per year since 1980, 2008 in red. Every Missouri failure

The acquiring bank

Liberty Bank and Trust Company of New Orleans, Louisiana took over three failed banks between 2000 and 2026. The others:

FDIC certificate 24660 · loss estimate as of July 31, 2026 · How to read this page