The financial crisis claimed another local bank Friday as regulators closed Alpha Bank and Trust of Alpharetta.

The Federal Deposit Insurance Corp. and state officials closed Alpha and issued a statement assuring depositors that federal insurance remains in place.

However, they are now customers of Stearns Bank of Minnesota, which has taken over Alpha’s insured deposits, according to the FDIC.

Three banks have failed in Georgia since the melt down. All have been in Alpharetta.

As of June 30, more than three-quarters of Alpha Bank’s $305.7 million loan portfolio was concentrated in construction and development loans.

List of Banks that have failed since Oct. 1, 2000

Bank Name Closing Date Updated Date
Alpha Bank & Trust, Alpharetta, GA October 24, 2008 October 24, 2008
Meridian Bank, Eldred, IL October 10, 2008 October 10, 2008
Main Street Bank, Northville, MI October 10, 2008 October 10, 2008
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT September 25, 2008 October 20, 2008
Ameribank, Northfork, WV September 19, 2008 October 20, 2008
Silver State Bank, Henderson, NV September 5, 2008 October 20, 2008
Integrity Bank, Alpharetta, GA August 29, 2008 October 20, 2008
The Columbian Bank and Trust, Topeka, KS August 22, 2008 October 20, 2008
First Priority Bank, Bradenton, FL August 1, 2008 October 20, 2008
First Heritage Bank, NA, Newport Beach, CA July 25, 2008 October 20, 2008
First National Bank of Nevada, Reno, NV July 25, 2008 October 20, 2008
IndyMac Bank, Pasadena, CA July 11, 2008 October 20, 2008
First Integrity Bank, NA, Staples, MN May 30, 2008 October 20, 2008
ANB Financial, NA, Bentonville, AR May 9, 2008 October 20, 2008
Hume Bank, Hume, MO March 7, 2008 October 20, 2008
Douglass National Bank, Kansas City, MO January 25, 2008 October 20, 2008
Miami Valley Bank, Lakeview, OH October 4, 2007 October 20, 2008
NetBank, Alpharetta, GA September 28, 2007 October 20, 2008
Metropolitan Savings Bank, Pittsburgh, PA February 2, 2007 October 20, 2008
Bank of Ephraim, Ephraim, UT June 25, 2004 April 9, 2008
Reliance Bank, White Plains, NY March 19, 2004 April 9, 2008
Guaranty National Bank of Tallahassee, Tallahassee, FL March 12, 2004 October 20, 2008
Dollar Savings Bank, Newark, NJ February 14, 2004 April 9, 2008
Pulaski Savings Bank, Philadelphia, PA November 14, 2003 July 22, 2005
The First National Bank of Blanchardville,
Blanchardville, WI May 9, 2003 October 20, 2008
Southern Pacific Bank, Torrance, CA February 7, 2003 October 20, 2008
The Farmers Bank of Cheneyville, Cheneyville, LA December 17, 2002 October 20, 2004
The Bank of Alamo, Alamo, TN November 8, 2002 March 18, 2005
AmTrade International Bank of Georgia, Atlanta, GA September 30, 2002 September 11, 2006
Universal Federal Savings Bank, Chicago, IL June 27, 2002 April 9, 2008
Connecticut Bank of Commerce, Stamford, CT June 26, 2002 October 20, 2008
New Century Bank, Shelby Township, MI March 28, 2002 March 18, 2005
Net 1st National Bank, Boca Raton, FL March 1, 2002 April 9, 2008
NextBank, N.A., Phoenix, AZ February 7, 2002 October 20, 2008
Oakwood Deposit Bank Company, Oakwood, OH February 1, 2002 October 20, 2008
Bank of Sierra Blanca, Sierra Blanca, TX January 18, 2002 November 6, 2003
Hamilton Bank, N.A., Miami, FL January 11, 2002 October 20, 2008
Sinclair National Bank, Gravette, AR September 7, 2001 February 10, 2004
Superior Bank, FSB, Hinsdale, IL July 27, 2001 October 20, 2008
The Malta National Bank, Malta, OH May 3, 2001 November 18, 2002
First Alliance Bank & Trust Company, Manchester, NH February 2, 2001 February 18, 2003
National State Bank of Metropolis, Metropolis, IL December 14, 2000 March 17, 2005
Bank of Honolulu, Honolulu, HI October 13, 2000 March 17, 2005