Data / Bank failures / 2008 / Douglass National Bank
Douglass National Bank, Kansas City, MO: failed January 25, 2008
Douglass National Bank in Kansas City, Missouri, failed on January 25, 2008. Liberty Bank and Trust Company of New Orleans, LA, took over its deposits. It held $52.8 million in assets and $50.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $7.2 million (13.5% of its assets). By assets it was the 27th largest of 30 banks closed or assisted in 2008.
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The FDIC's record
- Closed
- January 25, 2008
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Liberty Bank and Trust Company, New Orleans, LA
- Total assets
- $52,824,000
- Total deposits
- $50,250,000
- Estimated cost to the FDIC
- $7,157,136 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 24660
Other bank failures in Missouri, 2006 to 2010
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Westbridge Bank and Trust Company | Chesterfield | October 15, 2010 | $87.8 million | $70.1 million | $22.4 million | Midland States Bank |
| Premier Bank | Jefferson City | October 15, 2010 | $989.4 million | $869.4 million | $308.5 million | Providence Bank |
| Southwest Community Bank | Springfield | May 14, 2010 | $100.7 million | $102.5 million | $25.6 million | Simmons First National Bank |
| Champion Bank | Creve Coeur | April 30, 2010 | $195.5 million | $162.8 million | $57.1 million | Bankliberty |
| BC National Banks | Butler | April 30, 2010 | $52.2 million | $43.6 million | $8.6 million | Community First Bank |
| Bank of Leeton | Leeton | January 22, 2010 | $20.1 million | $20.3 million | $7.1 million | Sunflower Bank |
| Gateway Bank of ST Louis | ST Louis | November 6, 2009 | $26.9 million | $27.5 million | $11.6 million | Central Bank of Kansas City |
| First Bank of Kansas City | Kansas City | September 4, 2009 | $15.7 million | $14.5 million | $7.5 million | Great American Bank |
Other failed banks Liberty Bank and Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Covenant Bank | Chicago | IL | February 15, 2013 | $58.4 million | $54.2 million | $19.6 million | Liberty Bank and Trust Company |
| Home Federal Savings Bank | Detroit | MI | November 6, 2009 | $13 million | $12.7 million | $8.6 million | Liberty Bank and Trust Company |
All bank failures in 2008 · All bank failures in Missouri · Every failed bank Liberty Bank and Trust Company took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.