By Mike Zaman

Bank Name: City State: Closing Date

Sonoma Valley Bank Sonoma CA August 20, 2010
Los Padres Bank Solvang CA August 20, 2010
Butte Community Bank Chico CA August 20, 2010
Pacific State Bank Stockton CA August 20, 2010
ShoreBank Chicago IL August 20, 2010
Imperial Savings and Loan Association
Martinsville VA August 20, 2010
Independent National Bank Ocala FL August 20, 2010
Community National Bank at Bartow Bartow FL August 20, 2010
Palos Bank and Trust Company Palos Heights IL August 13, 2010
Ravenswood Bank Chicago IL August 6, 2010
LibertyBank Eugene OR July 30, 2010
The Cowlitz Bank Longview WA July 30, 2010
Coastal Community Bank Panama City Beach FL July 30, 2010
Bayside Savings Bank Port Saint Joe FL July 30, 2010
Northwest Bank & Trust Acworth GA July 30, 2010
Home Valley Bank Cave Junction OR July 23, 2010
SouthwestUSA Bank Las Vegas NV July 23, 2010
Community Security Bank New Prague MN July 23, 2010
Thunder Bank Sylvan Grove KS July 23, 2010
Williamsburg First National Bank Kingstree SC July 23, 2010
Crescent Bank and Trust Company Jasper GA July 23, 2010
Sterling Bank Lantana FL July 23, 2010
Mainstreet Savings Bank, FSB Hastings MI July 16, 2010
Olde Cypress Community Bank Clewiston FL July 16, 2010
Turnberry Bank Aventura FL July 16, 2010
Metro Bank of Dade County Miami FL July 16, 2010
First National Bank of the South Spartanburg SC July 16, 2010
Woodlands Bank Bluffton SC July 16, 2010
Home National Bank Blackwell OK July 9, 2010
USA Bank Port Chester NY July 9, 2010
Ideal Federal Savings Bank Baltimore MD July 9, 2010
Bay National Bank Baltimore MD July 9, 2010
High Desert State Bank Albuquerque NM June 25, 2010
First National Bank Savannah GA June 25, 2010
Peninsula Bank Englewood FL June 25, 2010
Nevada Security Bank Reno NV June 18, 2010
Washington First International Bank Seattle WA June 11, 2010
TierOne Bank Lincoln NE June 4, 2010
Arcola Homestead Savings Bank Arcola IL June 4, 2010
First National Bank Rosedale MS June 4, 2010
Sun West Bank Las Vegas NV May 28, 2010
Granite Community Bank, NA Granite Bay CA May 28, 2010
Bank of Florida - TampaTampa FL May 28, 2010
Bank of Florida - Southwest Naples FL May 28, 2010
Bank of Florida - Southeast Fort Lauderdale FL May 28, 2010
Pinehurst Bank Saint Paul MN May 21, 2010
Midwest Bank and Trust Company Elmwood Park IL May 14, 2010
Southwest Community BankSpringfield MO May 14, 2010
New Liberty BankPlymouth MI May 14, 2010
Satilla Community BankSaint Marys GA May 14, 2010
1st Pacific Bank of CaliforniaSan Diego CA May 7, 2010
Towne Bank of ArizonaMesa AZ May 7, 2010
Access BankChamplin MN May 7, 2010
The Bank of BonifayBonifay FL May 7, 2010
Frontier BankEverett WA April 30, 2010
BC National BanksButler MO April 30, 2010
Champion BankCreve Coeur MO April 30, 2010
CF BancorpPort Huron MI April 30, 2010
Westernbank Puerto Rico En Español Mayaguez PR April 30, 2010
R-G Premier Bank of Puerto Rico En Español Hato Rey PR April 30, 2010
Eurobank En Español San Juan PR April 30, 2010
Wheatland BankNaperville IL April 23, 2010
Peotone Bank and Trust Company Peotone IL April 23, 2010
Lincoln Park Savings Bank Chicago IL April 23, 2010
New Century Bank Chicago IL April 23, 2010
Citizens Bank and Trust Company of Chicago Chicago IL April 23, 2010
Broadway Bank Chicago IL April 23, 2010
Amcore Bank, National Association Rockford IL April 23, 2010
City Bank Lynnwood WA April 16, 2010
Tamalpais Bank San Rafael CA April 16, 2010
Innovative Bank Oakland CA April 16, 2010
Butler Bank Lowell MA April 16, 2010
Riverside National Bank of Florida Fort Pierce FL April 16, 2010
AmericanFirst Bank Clermont FL April 16, 2010
First Federal Bank of North Florida Palatka FL April 16, 2010
Lakeside Community Bank Sterling Heights MI April 16, 2010
Beach First National Bank Myrtle Beach SC April 9, 2010
Desert Hills Bank Phoenix AZ March 26, 2010
Unity National Bank Cartersville GA March 26, 2010
Key West Bank Key West FL March 26, 2010
McIntosh Commercial Bank Carrollton GA March 26, 2010
State Bank of Aurora Aurora MN March 19, 2010
First Lowndes Bank Fort Deposit AL March 19, 2010
Bank of Hiawassee Hiawassee GA March 19, 2010
Appalachian Community Bank Ellijay GA March 19, 2010
Advanta Bank Corp. Draper UT March 19, 2010
Century Security Bank Duluth GA March 19, 2010
American National Bank Parma OH March 19, 2010
Statewide Bank Covington LA March 12, 2010
Old Southern Bank Orlando FL March 12, 2010
The Park Avenue Bank New York NY March 12, 2010
LibertyPointe Bank New York NY March 11, 2010
Centennial Bank Ogden UT March 5, 2010
Waterfield Bank Germantown MD March 5, 2010
Bank of Illinois Normal IL March 5, 2010
Sun American Bank Boca Raton FL March 5, 2010
Rainier Pacific Bank Tacoma WA February 26, 2010
Carson River Community Bank Carson City NV February 26, 2010
La Jolla Bank, FSB La Jolla CA February 19, 2010
George Washington Savings Bank Orland Park IL February 19, 2010
The La Coste National Bank La Coste TX February 19, 2010
Marco Community Bank Marco Island FL February 19, 2010
1st American State Bank of Minnesota Hancock MN February 5, 2010
American Marine Bank Bainbridge Island WA January 29, 2010
First Regional Bank Los Angeles CA January 29, 2010
Community Bank and Trust Cornelia GA January 29, 2010
Marshall Bank, N.A. Hallock MN January 29, 2010
Florida Community Bank Immokalee FL January 29, 2010
First National Bank of Georgia Carrollton GA January 29, 2010
Columbia River Bank The Dalles OR January 22, 2010
Evergreen Bank Seattle WA January 22, 2010
Charter Bank Santa Fe NM January 22, 2010
Bank of Leeton Leeton MO January 22, 2010
Premier American Bank Miami FL January 22, 2010
Barnes Banking Company Kaysville UT January 15, 2010
St. Stephen State Bank St. Stephen MN January 15, 2010
Town Community Bank & Trust Antioch IL January 15, 2010
Horizon Bank Bellingham WA January 8, 2010

And this is just through August!

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Reported by: Eric crwenewswire Mideast correspondent

Ravenswood Bank is the 109th closure by US regulators this year it was closed due to a high level of bad debts. Ravenswood Bank’s total assets accumulated to $264.6 million whereas total deposits stood at $269.5 million in its two banking branches as on June 30th, 2010.

According to Federal Deposit Insurance Corp, Northbrook Bank subsidiary of Wintrust Financial Corp and Trust Company of Northbrook, Illinois will take over all the deposits of Ravenswood Banks whereas Northbrook Bank will also assume all of the bank’s assets.

As per the terms and conditions of the bank assumption Northbrook Bank will take over non brokered deposits of Ravenswood Bank by paying a premium of 0.90 percent on the respective deposits to FDIC.

According to the FDIC which provides insurance to individual accounts up to $250,000 they are expecting claims on bank failures to reach $60 billion by 2014.

However the FDIC even as they are closing banks at a record rate believes the banking industry in the US is recovering as interpreted by their latest updated data. yet small banks are ending in closure with a higher ratio this year as compared to last year. Washington Mutual was the biggest collapse among banks with total assets of $307 billion.

Small banks are facing more losses in commercial real estate loans than residential mortgages because they have a higher concentration of commercial real estate loans in their portfolio.

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THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. CRWENewswire.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more) Rule 17B requires disclosure of payment for investor relations.