Bank Failures #54, 55, 56, 57

Bank Failure #54: First Piedmont Bank, Winder, Georgia

Bank Failure #55: BankFirst, Sioux Falls, South Dakota

Bank Failures #56 & #57: Temecula Valley Bank, Temecula, CA and Vineyard Bank, Rancho Cucamonga, CA

I love them "green shoots". Meanwhile, all the big guys seem to be making record profits --- or, at least they are SHOWING record profits.

This from FDIC:

Bank Failures in Brief

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2009

The list of Bank Failures in Brief is updated through July 17, 2009. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).

July

Temecula Valley Bank, Temecula, California, with approximately $1.5 billion in assets, was closed. First-Citizens Bank & Trust Company, Raleigh, North Carolina, has agreed to assume all deposits, excluding certain brokered deposits (approximately $1.3 billion). (PR-126-2009)

Vineyard Bank, N.A., Rancho Cucamonga, California, with approximately $1.9 billion in assets, was closed. California Bank & Trust, San Diego, California, has agreed to assume all deposits, excluding certain brokered deposits (approximately $1.6 billion). (PR-125-2009)

BankFirst, Sioux Falls, South Dakota, with approximately $275 million in assets, was closed. Alerus Financial, National Association, Grand Forks, North Dakota, has agreed to assume all deposits (approximately $254 million). (PR-124-2009)

First Piedmont Bank, Winder, Georgia, with approximately $115 million in assets, was closed. First American Bank and Trust Company, Athens, Georgia, has agreed to assume all deposits (approximately $109 million). (PR-123-2009)