2009 bank failures edition: Three and counting

A total of 25 banks were shut down in 2008. So far this year, three have gone under already:

National Bank of Commerce, Berkeley, IL: Closed on January 16, 2009, assets at close $430.9 million, deposits at close $402.1 million. National Bank of Commerce’s deposits were acquired by Republic Bank of Chicago.

Bank of Clark County, Vancouver, WA: Closed on January 16, 2009, assets at close $466.5 million, deposits at close $366.5 million. Insured deposits were acquired by Umpqua Bank, Roseburg, Oregon.

1st Centennial Bank, Redlands, CA: Closed on January 23, 2009, assets at close $803.3 million, deposit at close $676.9 million. Insured deposits were acquired by First California Bank, Westlake Village, California.