Another failure in Georgia. And two in Naples.

#100

Failed bank: Partners Bank, Naples FL

Acquiring bank: Stonegate Bank, Ft. Lauderdale FL

Vitals: as of 9/30, assets of $66 million, deposits of $65m

DIF damage: $28.6m

#101

Failed bank: American United Bank, Lawrenceville GA

Acquiring bank: Ameris Bank, Moultrie GA

Vitals: as of 8/11, assets of $111 million, deposits of $102m

DIF damage: $44m

#102

Failed bank: Hillcrest Bank Florida, Naples FL

Acquiring bank: Stonegate Bank, Ft. Lauderdale FL

Vitals: as of 10/1, assets of $83 million, deposits of $84m

DIF damage: $45m

#103

Failed bank: Flagship National Bank, Bradenton FL

Acquiring bank: First Federal Bank of Florida, Lake City FL

Vitals: as of 8/31, assets of $190 million, deposits of $175m

DIF damage: $59m

#104

Failed bank: Bank of Elmwood, Racine WI

Acquiring bank: Tri City National Bank, Oak Creek WI

Vitals: as of 9/30, assets of $327 million, deposits of $273m

DIF damage: $101m

#105

Failed bank: Riverview Community Bank, Ostego MN

Acquiring bank: Central Bank, Stillwater MN

Vitals: as of 8/31, assets of $108 million, deposits of $80m

DIF damage: $20m

#106

Failed bank: First DuPage Bank, Westmont IL

Acquiring bank: First Midwest Bank, Itasca IL

Vitals: as of 8/31, assets of $279 million, deposits of $254m

DIF damage: $59m

This week’s bonus: a promotional video from Sheila….

One problem I have: It’s not fair to compare the number of bank failures during this cycle to the number in past cycles. As a % of GDP, the deposits in failed banks is far higher this time ’round:

(Click chart to enlarge in new window)

Yes, I include Citi, BofA and Wachovia in the failed bank bucket. None of them could have withstood last year’s crisis were it not for bailouts and ultra-easy money.

Also, it’s important to remind folks that the big four banks have grown significantly larger in recent years….