Bank Failure
VANTUS BANK
Closed September 4, 2009 · SIOUX CITY, IA · FDIC Cert #27732.
- Closing date
- September 4, 2009
- Headquarters
- SIOUX CITY, IA
- FDIC Certificate
- 27732
- Total assets at closing
- $503,643,000
- Total deposits at closing
- $394,369,000
- Estimated loss to DIF
- $101,576,000
- Resolution type
- other
- Acquirer
- GREAT SOUTHERN BANK (FDIC Cert #10116)
Context
On September 4, 2009, regulators closed VANTUS BANK, headquartered in SIOUX CITY, IA. At closing, the institution held approximately $503,643,000 in assets and $394,369,000 in deposits. The FDIC arranged a resolution under which GREAT SOUTHERN BANK acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $101,576,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2009
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2009-12-18 | FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK | SANTA MONICA, CA | $6,143,903,000 |
| 2009-12-18 | IMPERIAL CAPITAL BANK | LA JOLLA, CA | $4,046,888,000 |
| 2009-12-18 | PEOPLES FIRST COMMUNITY BANK | PANAMA CITY, FL | $1,795,420,000 |
| 2009-12-18 | NEW SOUTH FEDERAL SAVINGS BANK | IRONDALE, AL | $1,464,127,000 |
| 2009-12-18 | INDEPENDENT BANKERS' BANK | SPRINGFIELD, IL | $585,508,000 |
| 2009-12-18 | ROCKBRIDGE COMMERCIAL BANK | ATLANTA, GA | $294,024,000 |
| 2009-12-18 | CITIZENS STATE BANK | NEW BALTIMORE, MI | $168,551,000 |
| 2009-12-11 | SOLUTIONSBANK | OVERLAND PARK, KS | $511,103,000 |
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