Failed Bank List

Closed Friday, July 31, 2009 · West Chester, Butler County, Ohio

Peoples Community Bank

Peoples Community Bank's founding in 1889 put it past its 100th year when it closed. Its assets had shrunk 45% from their peak in the second quarter of 2006 by the last report before closing. It reported a net loss in four of its final nine reporting years.

On the books, 2001 to 2009

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$300M$600M$900M$1.2B2002200320042005200620072008Closed
Total assets peaked at $1.1 billion. Equity capital went from 9.3% of assets in the third quarter of 2001 to 0.8% at the last report. By then 15% of its loans were 90 days or more past due or no longer accruing interest. The deepest annual loss, $66.8 million, was booked in 2008.
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$80M−$80M2001: $2.8 million200111%2002: $4.1 million20029.2%2003: $4.1 million20037.5%2004: $3.6 million20049.2%2005: $2.9 million200510%2006: −$2.6 million200611%2007: −$27.4 million200710.0%2008: −$66.8 million20082.6%2009: −$14.4 million2009*0.8%
* 2009: January to June only, the last report before closing.

Size against the other 2009 failures

Total assets of the 140 banks that failed in 2009, log scale$10M$100M$1B$10B$100B
Total assets of each 2009 failure, log scale; Peoples Community Bank in red.

By assets it ranked 38th of the 140 failures in 2009. Within Ohio it ranks sixth by size of the 38 failures recorded since 1934. Across the failures of 2009, the median estimated loss came to 27% of assets. In the size ranking of that year, just above it was TeamBank, N.A. of Paola, Kansas ($670 million, loss 20% of assets); just below, CapitalSouth Bank of Birmingham, Alabama ($587 million, loss 22% of assets). Every 2009 failure in the explorer.

Regulators closed five banks that day. The largest of the others was Mutual Bank of Harvey, Illinois, at $1.6 billion.

Failures in Ohio

It was one of two banks in Ohio to fail in 2009. The previous failure there was Miami Valley Bank of Lakeview, on October 4, 2007. The next was AmTrust Bank of Cleveland, on December 4, 2009. Butler County has 2 failed banks on FDIC record since 1934. The other: Columbia Federal Savings and Loan Association (1991).

Bank failures in Ohio per year, 1980 to 2026024681983: 11986: 11987: 11988: 11989: 31990: 61991: 81992: 32001: 12002: 12007: 12009: 22010: 22014: 12019: 119801990200020102020
Per year since 1980, 2009 in red. Every Ohio failure

The acquiring bank

First Financial Bank, N.A. of Hamilton, Ohio took over three failed banks between 2000 and 2026. The others:

FDIC certificate 32288 · loss estimate as of July 31, 2026 · How to read this page