Jesse writes:
As a bit of a history nut, I went out today and pictures of some of the failed (and troubled) banks in my area. As I'm sure you know last Friday the FDIC seized American Sterling Bank which was headquartered in Sugar Creek, MO, just a stones throw from Lee's Summit. I've taken pictures of one of the branches as well as their HQ. Also included in the set are pics of an old Columbian Bank & Trust branch (seized by the FDIC in 2008), and the now abandoned construction site of what was to be a new Columbian bank branch. Finally I have pictures of a bank which was built in a hurry but now sits empty with no signage.
I don't know that we are in a unique position here in Kansas City but I have to say I find it interesting and at the same time odd to witness once strong and ambitious banks fail and scale back their aggressive expansion strategies.
As for the new bank branch that was built and never opened, they bull dozed a perfectly good Denny's for that land. Personally I'd rather have the Denny's than a brand new unclaimed unsigned never opened bank branch.
For those keeping track, 25 banks have failed so far in 2009.
BONUS: See all of Jesse's photos.
categories: Economic Scene
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