Bank Failure
Teambank, N.A.
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Closed March 20, 2009 · Paola, KS · FDIC Cert #4754.
- Closing date
- March 20, 2009
- Headquarters
- Paola, KS
- FDIC Certificate
- 4754
- Total assets at closing
- $669.8M
- Total deposits at closing
- $532.5M
- Estimated loss to the insurance fund
- $134.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Great Southern Bank
Context
On March 20, 2009, regulators closed Teambank, N.A., headquartered in Paola, KS. At closing, the institution held approximately $669.8M in assets and $532.5M in deposits. The FDIC record names Great Southern Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $134.6M.
By assets at closing this is the 298th largest of the 3,526 bank failures in the FDIC record, and the 37th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Teambank, N.A. fail?
Teambank, N.A. was closed by regulators on March 20, 2009.
Who acquired Teambank, N.A.?
The FDIC record names Great Southern Bank as the acquiring institution in the resolution of Teambank, N.A.
How big was Teambank, N.A. when it failed?
Teambank, N.A. had approximately $669.8M in total assets and $532.5M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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