On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis.[1] The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012.[2] In contrast, in the five years prior to 2008, only 10 banks failed.[2] [3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized losses as a result of investments weakened by rising interest rates.[4]
A bank failure is the closing of a bank by a federal or state banking regulatory agency. The FDIC is named as receiver for a bank's assets when its capital levels are too low, or it cannot meet obligations the next day.[3] [5] After a bank's assets are placed into receivership, the FDIC acts in two capacities—first, it pays insurance to the depositors, up to the deposit insurance limit, for assets not sold to another bank. Second, as the receiver of the failed bank, it assumes the task of selling and collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit. The FDIC insures up to $250,000 per depositor, per insured bank, as a result of the Emergency Economic Stabilization Act of 2008, which raised the limit from $100,000.[6]
The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase, which planned to write down the value of Washington Mutual's loans at least $31 billion.[7] [8]
Twenty-five (twenty-six including the Utah-based wholly owned subsidiary of Washington Mutual, which was covered under the same FDIC closure notice as its parent company)[9] banks failed in 2008[2]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Douglass National Bank | Kansas City | Missouri | Liberty Bank and Trust | 58.5 | ||
2 | Hume Bank | Hume | Missouri | Security Bank | 18.7 | ||
3 | Bear Stearns | New York City | New York | J.P. Morgan Chase | 395,000 | ||
4 | ANB Financial N.A. | Bentonville | Arkansas | Pulaski Bank and Trust Company | 2,100 | ||
5 | First Integrity Bank, N.A. | Staples | Minnesota | First International Bank and Trust | 54.7 | ||
6 | IndyMac | Pasadena | California | OneWest Bank, FSB | 32,000 | ||
7 | First National Bank of Nevada | Reno | Nevada | Mutual of Omaha Bank | 3,400 | ||
8 | First Heritage Bank, N.A. | Newport Beach | California | Mutual of Omaha Bank | 254 | ||
9 | First Priority Bank | Bradenton | Florida | SunTrust Banks | 259 | ||
10 | The Columbian Bank and Trust Company | Topeka | Kansas | Citizens Bank and Trust | 752 | ||
11 | Integrity Bank | Alpharetta | Georgia | Regions Bank | 1,100 | ||
12 | Silver State Bank | Henderson | Nevada | Nevada State Bank | 2,000 | ||
13 | Ameribank | Northfork | West Virginia | The Citizens Savings Bank Pioneer Community Bank | 113 | ||
14 | Washington Mutual Bank | Seattle | Washington | JPMorgan Chase & Co | 307,000 | ||
15 | Main Street Bank | Northville | Michigan | Monroe Bank and Trust | 98 | ||
16 | Meridian Bank | Eldred | Illinois | National Bank | 39.2 | ||
17 | Alpha Bank & Trust | Alpharetta | Georgia | Stearns Bank, N.A. | 354.1 | ||
18 | Freedom Bank | Bradenton | Florida | Fifth Third Bank | 287 | ||
19 | Franklin Bank | Houston | Texas | Prosperity Bank | 5,100 | ||
20 | Security Pacific Bank | Los Angeles | California | Pacific Western Bank | 561.1 | ||
21 | The Community Bank | Loganville | Georgia | Bank of Essex | 681.0 | ||
22 | Downey Savings and Loan | Newport Beach | California | U.S. Bank, N.A. | 12,800 | ||
23 | PFF Bank and Trust | Pomona | California | U.S. Bank, N.A. | 3,700 | ||
24 | First Georgia Community Bank | Jackson | Georgia | United Bank | 237.5 | ||
25 | Haven Trust Bank | Duluth | Georgia | Branch Banking and Trust Company (BB&T) | 572 | ||
26 | Sanderson State Bank | Sanderson | Texas | The Pecos County State Bank | 37 |
One hundred forty banks failed in 2009[2]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | National Bank of Commerce | Berkeley | Illinois | Republic Bank of Chicago | 430.9 | ||
2 | Bank of Clark County | Vancouver | Washington | Umpqua Bank | 446.5 | ||
3 | 1st Centennial Bank | Redlands | California | First California Bank | 803.3 | ||
4 | MagnetBank | Salt Lake City | Utah | None (insured depositors paid directly) | 292.9 | ||
5 | Suburban FSB | Crofton | Maryland | Bank of Essex | 360 | ||
6 | Ocala National Bank | Ocala | Florida | CenterState Bank of Florida, N.A. | 223.5 | ||
7 | FirstBank Financial Service | McDonough | Georgia | Regions Bank | 337 | ||
8 | Alliance Bank | Culver City | California | California Bank and Trust | 1,140 | ||
9 | County Bank | Merced | California | Westamerica Bank | 1,700 | ||
10 | Sherman County Bank | Loup City | Nebraska | Heritage Bank | 129.8 | ||
11 | Riverside Bank of the Gulf Coast | Cape Coral | Florida | TIB Bank | 539 | ||
12 | Corn Belt Bank & Trust Co. | Pittsfield | Illinois | The Carlinville National Bank | 271.8 | ||
13 | Pinnacle Bank of Oregon | Beaverton | Oregon | Washington Trust Bank of Spokane | 73 | ||
14 | Silver Falls Bank | Silverton | Oregon | Citizens Bank | 131.4 | ||
15 | Heritage Community Bank | Glenwood | Illinois | MB Financial Bank, N.A. | 232.9 | ||
16 | Security Savings Bank | Henderson | Nevada | Bank of Nevada | 238.3 | ||
17 | Freedom Bank of Georgia | Commerce | Georgia | Northeast Georgia Bank | 173 | ||
18 | FirstCity Bank | Stockbridge | Georgia | None (insured depositors paid directly) | 297 | ||
19 | Colorado National Bank | Colorado Springs | Colorado | Herring Bank | 123.9 | ||
20 | TeamBank, N.A. | Paola | Kansas | Great Southern Bank | 669.8 | ||
21 | Omni National Bank | Atlanta | Georgia | SunTrust Bank | 956.0 | ||
22 | Cape Fear Bank | Wilmington | North Carolina | First Federal Savings and Loan Association | 492 | ||
23 | New Frontier Bank | Greeley | Colorado | None (Wound down by FDIC as receiver) | 2,000 | ||
24 | American Sterling Bank | Sugar Creek | Missouri | Metcalf Bank | 181 | ||
25 | Great Basin Bank of Nevada | Elko | Nevada | Nevada State Bank | 271 | ||
26 | American Southern Bank | Kennesaw | Georgia | Bank of North Georgia | 112.3 | ||
27 | Michigan Heritage Bank | Farmington Hills | Michigan | Level One Bank | 184.6 | ||
28 | First Bank of Beverly Hills | Calabasas | California | None (insured depositors paid directly) | 1,500 | ||
29 | First Bank of Idaho | Ketchum | Idaho | U.S. Bank, N.A. | 488.9 | ||
30 | Silverton Bank, N.A. | Atlanta | Georgia | None (insured depositors paid directly) | 4,100 | ||
31 | Citizens Community Bank | Ridgewood | New Jersey | North Jersey Community Bank | 45.1 | ||
32 | America West Bank | Layton | Utah | Cache Valley Bank | 299.4 | ||
33 | Westsound Bank | Bremerton | Washington | Kitsap Bank | 334.6 | ||
34 | BankUnited FSB | Coral Gables | Florida | BankUnited | 12,800 | ||
35 | Strategic Capital Bank | Champaign | Illinois | Midland States Bank | 537 | ||
36 | Citizens National Bank | Macomb | Illinois | Morton Community Bank | 437 | ||
37 | Bank of Lincolnwood | Lincolnwood | Illinois | Republic Bank of Chicago | 214 | ||
38 | Southern Community Bank | Fayetteville | Georgia | United Community Bank | 377 | ||
39 | Cooperative Bank | Wilmington | North Carolina | First Bank | 970 | ||
40 | First National Bank of Anthony | Anthony | Kansas | Bank of Kansas | 156.9 | ||
41 | Community Bank of West Georgia | Villa Rica | Georgia | None (insured depositors paid directly) | 199.4 | ||
42 | Neighborhood Community Bank | Newnan | Georgia | Charterbank | 221.6 | ||
43 | Horizon Bank | Pine City | Minnesota | Stearns Bank, N.A. | 87.6 | ||
44 | MetroPacific Bank | Irvine | California | Sunwest Bank | 80 | ||
45 | Mirae Bank | Los Angeles | California | Wilshire State Bank | 456 | ||
46 | First National Bank of Danville | Danville | Illinois | First Financial Bank, N.A. | 166 | ||
47 | Rock River Bank | Oregon | Illinois | The Harvard State Bank | 77 | ||
48 | John Warner Bank | Clinton | Illinois | State Bank of Lincoln | 70 | ||
49 | First State Bank of Winchester | Winchester | Illinois | The First National Bank of Beardstown | 36 | ||
50 | Elizabeth State Bank | Elizabeth | Illinois | Galena State Bank and Trust Company | 56 | ||
51 | Millennium State Bank of Texas | Dallas | Texas | State Bank of Texas | 118 | ||
52 | Founders Bank | Worth | Illinois | The PrivateBank and Trust Company | 963 | ||
53 | Bank of Wyoming | Thermopolis | Wyoming | Central Bank and Trust | 70 | ||
54 | Temecula Valley Bank | Temecula | California | First-Citizens Bank and Trust Company | 1,500 | ||
55 | Vineyard Bank | Rancho Cucamonga | California | California Bank and Trust | 1,900 | ||
56 | BankFirst | Sioux Falls | South Dakota | Alerus Financial, N.A. | 275 | ||
57 | First Piedmont Bank | Winder | Georgia | First American Bank and Trust Company | 115 | ||
58 | Security Bank of Bibb County | Macon | Georgia | State Bank and Trust Company | 1,200 | ||
59 | Security Bank of North Metro | Woodstock | Georgia | State Bank and Trust Company | 224 | ||
60 | Security Bank of North Fulton | Alpharetta | Georgia | State Bank and Trust Company | 209 | ||
61 | Security Bank of Gwinnett County | Suwanee | Georgia | State Bank and Trust Company | 322 | ||
62 | Security Bank of Jones County | Gray | Georgia | State Bank and Trust Company | 453 | ||
63 | Security Bank of Houston County | Perry | Georgia | State Bank and Trust Company | 383 | ||
64 | Waterford Village Bank | Williamsville | New York | Evans Bank, N.A. | 61 | ||
65 | Integrity Bank | Jupiter | Florida | Stonegate Bank | 119 | ||
66 | First State Bank of Altus | Altus | Oklahoma | Herring Bank | 103 | ||
67 | First BankAmericano | Elizabeth | New Jersey | Crown Bank | 166 | ||
68 | Peoples Community Bank | West Chester | Ohio | First Financial Bank, N.A. | 706 | ||
69 | Mutual Bank | Harvey | Illinois | United Central Bank | 1,600 | ||
70 | First State Bank | Sarasota | Florida | Stearns Bank, N.A. | 463 | ||
71 | Community National Bank of Sarasota County | Venice | Florida | Stearns Bank, N.A. | 97 | ||
72 | Community First Bank | Prineville | Oregon | Home Federal Bank | 209 | ||
73 | Union Bank, N.A. | Gilbert | Arizona | MidFirst Bank | 124 | ||
74 | Dwelling House Savings and Loan Association | Pittsburgh | Pennsylvania | PNC Bank, N.A. | 13 | ||
75 | Colonial Bank | Montgomery | Alabama | Branch Banking and Trust (BB&T) | 25,000 | ||
76 | Community Bank of Arizona | Phoenix | Arizona | MidFirst Bank | 156 | ||
77 | Community Bank of Nevada | Las Vegas | Nevada | None (insured depositors paid directly) | 159 | ||
78 | First Coweta Bank | Newnan | Georgia | United Bank | 167 | ||
79 | Guaranty Bank | Austin | Texas | BBVA Compass | 13,000 | ||
80 | CapitalSouth Bank | Birmingham | Alabama | IBERIABANK | 617 | ||
81 | ebank | Atlanta | Georgia | Stearns Bank, N.A. | 143 | ||
82 | Bradford Bank | Baltimore | Maryland | Manufacturers & Traders Trust Company | 452 | ||
83 | Mainstreet Bank | Forest Lake | Minnesota | Central Bank | 459 | ||
84 | Affinity Bank | Ventura | California | Pacific Western Bank | 1,000 | ||
85 | First Bank of Kansas City | Kansas City | Missouri | Great American Bank | 16 | ||
86 | InBank | Oak Forest | Illinois | MB Financial Bank, N.A. | 212 | ||
87 | Vantus Bank | Sioux City | Iowa | Great Southern Bank | 458 | ||
88 | Platinum Community Bank | Rolling Meadows | Illinois | None (insured depositors paid directly) | 346 | ||
89 | First State Bank | Flagstaff | Arizona | Sunwest Bank | 105 | ||
90 | Corus Bank | Chicago | Illinois | MB Financial Bank, N.A. | 7,000 | ||
91 | Brickwell Community Bank | Woodbury | Minnesota | CorTrust Bank, N.A. | 72 | ||
92 | Venture Bank | Lacey | Washington | First-Citizens Bank and Trust Company | 970 | ||
93 | Irwin Union Bank and Trust Company | Columbus | Indiana | First Financial Bank, N.A. | 2,700 | ||
94 | Irwin Union Bank, F.S.B. | Louisville | Kentucky | First Financial Bank, N.A. | 493 | ||
95 | Georgian Bank | Atlanta | Georgia | First Citizens Bank and Trust Company | 2,000 | ||
96 | Warren Bank | Warren | Michigan | The Huntington National Bank | 538 | ||
97 | Jennings State Bank | Spring Grove | Minnesota | Central Bank | 56 | ||
98 | South Colorado National Bank | Pueblo | Colorado | Legacy Bank | 40 | ||
99 | San Joaquin Bank | Bakersfield | California | Citizens Business Bank | 775 | ||
100 | Partners Bank | Naples | Florida | Stonegate Bank | 66 | ||
101 | American United Bank | Lawrenceville | Georgia | Ameris Bank | 111 | ||
102 | Hillcrest Bank Florida | Naples | Florida | Hillcrest Bank, N.A. | 83 | ||
103 | Flagship National Bank | Bradenton | Florida | First Federal Bank of Florida | 190 | ||
104 | Bank of Elmwood | Racine | Wisconsin | Tri City National Bank | 327 | ||
105 | Riverview Community Bank | Otsego | Minnesota | Central Bank | 108 | ||
106 | First DuPage Bank of Westmont | Westmont | Illinois | First Midwest Bank | 279 | ||
107 | Community Bank of Lemont | Lemont | Illinois | U.S. Bank, N.A. | 82 | ||
108 | Bank USA, N.A. | Phoenix | Arizona | U.S. Bank, N.A. | 213 | ||
109 | California National Bank | Los Angeles | California | U.S. Bank, N.A. | 7,800 | ||
110 | San Diego National Bank | San Diego | California | U.S. Bank, N.A. | 3,600 | ||
111 | Pacific National Bank | San Francisco | California | U.S. Bank, N.A. | 2,300 | ||
112 | Park National Bank | Chicago | Illinois | U.S. Bank, N.A. | 4,700 | ||
113 | Citizens National Bank | Teague | Texas | U.S. Bank, N.A. | 118 | ||
114 | Madisonville State Bank | Madisonville | Texas | U.S. Bank, N.A. | 257 | ||
115 | North Houston Bank | Houston | Texas | U.S. Bank, N.A. | 326 | ||
116 | United Security Bank | Sparta | Georgia | Ameris Bank | 157 | ||
117 | Home Federal Savings Bank | Detroit | Michigan | Liberty Bank and Trust Company | 15 | ||
118 | Prosperan Bank | Oakdale | Minnesota | Alerus Financial, N.A. | 200 | ||
119 | Gateway Bank of St. Louis | St. Louis | Missouri | Central Bank of Kansas City | 28 | ||
120 | United Commercial Bank | San Francisco | California | East West Bank | 11,200 | ||
121 | Century Bank, F.S.B. | Sarasota | Florida | IBERIABANK | 728 | ||
122 | Orion Bank | Naples | Florida | IBERIABANK | 2,700 | ||
123 | Pacific Coast National Bank | San Clemente | California | Sunwest Bank | 134 | ||
124 | Commerce Bank of Southwest Florida | Fort Myers | Florida | Central Bank | 80 | ||
125 | The Buckhead Community Bank | Atlanta | Georgia | State Bank and Trust | 874 | ||
126 | First Security National Bank | Norcross | Georgia | State Bank and Trust | 128 | ||
127 | The Tattnall Bank | Reidsville | Georgia | Heritage Bank of the South | 50 | ||
128 | AmTrust Bank | Cleveland | Ohio | New York Community Bank | 12,000 | ||
129 | Benchmark Bank | Aurora | Illinois | MB Financial Bank, N.A. | 170 | ||
130 | Greater Atlantic Bank | Reston | Virginia | Sonabank | 203 | ||
131 | Republic Federal Bank, N.A. | Miami | Florida | 1st United Bank | 433 | ||
132 | Valley Capital Bank, N.A. | Mesa | Arizona | Enterprise Bank and Trust | 40 | ||
133 | SolutionsBank | Overland Park | Kansas | Arvest Bank | 511 | ||
134 | RockBridge Commercial Bank | Atlanta | Georgia | None (insured depositors paid directly) | 294 | ||
135 | Peoples First Community Bank | Panama City | Florida | Hancock Bank | 1,800 | ||
136 | Citizens State Bank | New Baltimore | Michigan | None (insured depositors paid directly) | 169 | ||
137 | New South Federal Savings Bank | Irondale | Alabama | Beal Bank | 1,500 | ||
138 | Independent Bankers' Bank | Springfield | Illinois | The Independent Bankers Bank | 586 | ||
139 | Imperial Capital Bank | La Jolla | California | City National Bank | 4,000 | ||
140 | First Federal Bank of California, F.S.B. | Santa Monica | California | OneWest Bank, FSB | 6,100 |
One hundred fifty-seven banks failed in 2010[2]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Horizon Bank | Bellingham | Washington | Washington Federal Savings and Loan Association | 1,300 | ||
2 | Town Community Bank & Trust | Antioch | Illinois | First American Bank | 70 | ||
3 | St. Stephen State Bank | St. Stephen | Minnesota | First State Bank of St. Joseph | 25 | ||
4 | Barnes Banking Company | Kaysville | Utah | None (insured depositors paid directly) | 828 | ||
5 | Premier American Bank | Miami | Florida | Premier American Bank, N.A. | 351 | ||
6 | Bank of Leeton | Leeton | Missouri | Sunflower Bank, N.A. | 20 | ||
7 | Charter Bank | Santa Fe | New Mexico | Charter Bank | 1,200 | ||
8 | Evergreen Bank | Seattle | Washington | Umpqua Bank | 489 | ||
9 | Columbia River Bank | The Dalles | Oregon | Columbia State Bank | 1,100 | ||
10 | First National Bank of Georgia | Carrollton | Georgia | Community and Southern Bank | 833 | ||
11 | Florida Community Bank | Immokalee | Florida | Premier American Bank, N.A. | 876 | ||
12 | Marshall Bank, N.A. | Hallock | Minnesota | United Valley Bank | 60 | ||
13 | Community Bank and Trust | Cornelia | Georgia | SCBT, N.A. | 1,210 | ||
14 | First Regional Bank | Los Angeles | California | First-Citizens Bank and Trust Company | 2,180 | ||
15 | American Marine Bank | Bainbridge Island | Washington | Columbia State Bank | 373 | ||
16 | 1st American State Bank of Minnesota | Hancock | Minnesota | Community Development Bank, FSB | 18 | ||
17 | La Jolla Bank | La Jolla | California | OneWest Bank, FSB | 3,600 | ||
18 | George Washington Savings Bank | Orland Park | Illinois | FirstMerit Bank, N.A. | 413 | ||
19 | The La Coste National Bank | La Coste | Texas | Community National Bank | 54 | ||
20 | Marco Community Bank | Marco Island | Florida | Mutual of Omaha Bank | 120 | ||
21 | Carson River Community Bank | Carson City | Nevada | Heritage Bank of Nevada | 51 | ||
22 | Rainier Pacific Bank | Tacoma | Washington | Umpqua Bank | 718 | ||
23 | Centennial Bank | Ogden | Utah | None (insured depositors paid directly) | 215 | ||
24 | Waterfield Bank | Germantown | Maryland | None (insured depositors paid directly) | 156 | ||
25 | Bank of Illinois | Normal | Illinois | Heartland Bank and Trust Company | 212 | ||
26 | Sun American Bank | Boca Raton | Florida | First-Citizens Bank and Trust Company | 536 | ||
27 | LibertyPointe Bank | New York | New York | Valley National Bank | 210 | ||
28 | The Park Avenue Bank | New York | New York | Valley National Bank | 520 | ||
29 | Statewide Bank | Covington | Louisiana | Home Bank | 243 | ||
30 | Old Southern Bank | Orlando | Florida | Centennial Bank | 316 | ||
31 | American National Bank | Parma | Ohio | The National Bank and Trust Company | 70 | ||
32 | Advanta Bank Corp | Draper | Utah | None (insured depositors paid directly) | 1,600 | ||
33 | Century Security Bank | Duluth | Georgia | Bank of Upson | 97 | ||
34 | Bank of Hiawassee | Hiawassee | Georgia | Citizens South Bank | 378 | ||
35 | Appalachian Community Bank | Ellijay | Georgia | Community and Southern Bank | 1,010 | ||
36 | First Lowndes Bank | Luverne | Alabama | First Citizens Bank | 137 | ||
37 | State Bank of Aurora | Aurora | Minnesota | Northern State Bank | 28 | ||
38 | Desert Hills Bank | Phoenix | Arizona | New York Community Bank | 497 | ||
39 | Unity National Bank | Cartersville | Georgia | Bank of the Ozarks | 292 | ||
40 | Key West Bank | Key West | Florida | Centennial Bank | 88 | ||
41 | McIntosh Commercial Bank | Carrollton | Georgia | Hamilton State Bank | 363 | ||
42 | Beach First National Bank | Myrtle Beach | South Carolina | Bank of North Carolina | 585 | ||
43 | City Bank | Lynnwood | Washington | Whidbey Island Bank | 1,130 | ||
44 | Tamalpais Bank | San Rafael | California | Union Bank, N.A. | 629 | ||
45 | Innovative Bank | Oakland | California | Center Bank | 269 | ||
46 | Butler Bank | Lowell | Massachusetts | People's United Bank | 268 | ||
47 | Riverside National Bank of Florida | Fort Pierce | Florida | TD Bank, N.A. | 3,420 | ||
48 | AmericanFirst Bank | Clermont | Florida | TD Bank, N.A. | 91 | ||
49 | First Federal Bank of North Florida | Palatka | Florida | TD Bank, N.A. | 393 | ||
50 | Lakeside Community Bank | Sterling Heights | Michigan | None (insured depositors paid directly) | 53 | ||
51 | Amcore Bank | Rockford | Illinois | Harris, N.A. | 3,400 | ||
52 | Broadway Bank | Chicago | Illinois | MB Financial, N.A. | 1,200 | ||
53 | Citizens Bank and Trust Company of Chicago | Chicago | Illinois | Republic Bank of Chicago | 77 | ||
54 | Lincoln Park Saving Bank | Chicago | Illinois | Northbrook Bank and Trust Company | 200 | ||
55 | New Century Bank | Chicago | Illinois | MB Financial, N.A. | 486 | ||
56 | Peotone Bank and Trust Company | Peotone | Illinois | First Midwest Bank | 130 | ||
57 | Wheatland Bank | Naperville | Illinois | Wheaton Bank and Trust | 437 | ||
58 | BC National Banks | Butler | Missouri | Community First Bank | 67 | ||
59 | CF Bancorp | Port Huron | Michigan | First Michigan Bank | 1,650 | ||
60 | Champion Bank | Creve Coeur | Missouri | BankLiberty | 187 | ||
61 | Eurobank | San Juan | Puerto Rico | Orient Bank and Trust | 2,560 | ||
62 | Frontier Bank | Everett | Washington | Union Bank[10] | 3,500 | ||
63 | R-G Premier Bank of Puerto Rico | Hato Rey | Puerto Rico | Scotiabank de Puerto Rico | 5,920 | ||
64 | Westernbank Puerto Rico | Mayaguez | Puerto Rico | Banco Popular de Puerto Rico | 11,940 | ||
65 | 1st Pacific Bank of California | San Diego | California | City National Bank | 336 | ||
66 | Towne Bank of Arizona | Mesa | Arizona | Commerce Bank of Arizona | 120 | ||
67 | Access Bank | Champlin | Minnesota | PrinsBank | 32 | ||
68 | The Bank of Bonifay | Bonifay | Florida | First Federal Bank of Florida | 243 | ||
69 | Midwest Bank and Trust Company | Elmwood Park | Illinois | FirstMerit Bank, N.A. | 3,170 | ||
70 | New Liberty Bank | Plymouth | Michigan | Bank of Ann Arbor | 109 | ||
71 | Satilla Community Bank | St. Marys | Georgia | Ameris Bank | 136 | ||
72 | Southwest Community Bank | Springfield | Missouri | Simmons First National Bank | 97 | ||
73 | Pinehurst Bank | St. Paul | Minnesota | Coulee Bank | 61 | ||
74 | Bank of Florida-Southeast | Fort Lauderdale | Florida | EverBank | 595 | ||
75 | Bank of Florida-Southwest | Naples | Florida | EverBank | 641 | ||
76 | Bank of Florida-Tampa Bay | Tampa | Florida | EverBank | 245 | ||
77 | Sun West Bank | Las Vegas | Nevada | City National Bank | 361 | ||
78 | Granite Community Bank | Granite Bay | California | Tri Counties Bank | 103 | ||
79 | TierOne Bank | Lincoln | Nebraska | Great Western Bank | 2,800 | ||
80 | First National Bank | Rosedale | Mississippi | The Jefferson Bank | 60 | ||
81 | Arcola Homestead Savings Bank | Arcola | Illinois | None (insured depositors paid directly) | 17 | ||
82 | Washington First International Bank | Seattle | Washington | East West Bank | 521 | ||
83 | Nevada Security Bank | Reno | Nevada | Umpqua Bank | 480 | ||
84 | Peninsula Bank | Englewood | Florida | Premier American Bank, N.A. | 644 | ||
85 | First National Bank | Savannah | Georgia | The Savannah Bank | 253 | ||
86 | High Desert State Bank | Albuquerque | New Mexico | First American Bank | 81 | ||
87 | Bay National Bank | Baltimore | Maryland | Bay Bank, FSB | 282 | ||
88 | Ideal Federal Savings Bank | Baltimore | Maryland | None (insured depositors paid directly) | 6 | ||
89 | USA Bank | Port Chester | New York | New Century Bank | 190 | ||
90 | Home National Bank | Blackwell | Oklahoma | RCB Bank | 561 | ||
91 | Woodlands Bank | Bluffton | South Carolina | Bank of the Ozarks | 376 | ||
92 | First National Bank of the South | Spartanburg | South Carolina | NAFH National Bank | 682 | ||
93 | Mainstreet Savings Bank | Hastings | Michigan | Commercial Bank | 97 | ||
94 | Metro Bank of Dade County | Miami | Florida | NAFH National Bank | 442 | ||
95 | Turnberry Bank | Aventura | Florida | NAFH National Bank | 264 | ||
96 | Olde Cypress Community Bank | Clewiston | Florida | CenterState Bank of Florida | 169 | ||
97 | Community Security Bank | New Prague | Minnesota | Roundbank | 108 | ||
98 | Crescent Bank and Trust Co | Jasper | Georgia | Renasant Bank | 1,000 | ||
99 | Sterling Bank | Lantana | Florida | IBERIABANK | 408 | ||
100 | Williamsburg First National Bank | Kingstree | South Carolina | First Citizens Bank and Trust Company | 139 | ||
101 | Thunder Bank | Sylvan Grove | Kansas | The Bennington State Bank | 33 | ||
102 | SouthwestUSA Bank | Las Vegas | Nevada | Plaza Bank | 214 | ||
103 | Home Valley Bank | Cave Junction | Oregon | South Valley Bank and Trust | 252 | ||
104 | Bayside Savings Bank | Port Saint Joe | Florida | Centennial Bank | 66 | ||
105 | Coastal Community Bank | Panama City | Florida | Centennial Bank | 373 | ||
106 | NorthWest Bank and Trust | Acworth | Georgia | State Bank and Trust Company | 168 | ||
107 | The Cowlitz Bank | Longview | Washington | Heritage Bank | 529 | ||
108 | LibertyBank | Eugene | Oregon | Home Federal Bank | 768 | ||
109 | Ravenswood Bank | Chicago | Illinois | Northbrook Bank and Trust Company | 265 | ||
110 | Palos Bank and Trust | Palos Heights | Illinois | First Midwest Bank | 493 | ||
111 | ShoreBank | Chicago | Illinois | Urban Partnership Bank | 2,160 | ||
112 | Community National Bank at Bartow | Bartow | Florida | CenterState Bank of Florida | 68 | ||
113 | Independent National Bank | Ocala | Florida | CenterState Bank of Florida | 156 | ||
114 | Imperial Savings & Loan | Martinsville | Virginia | River Community Bank, N.A. | 9 | ||
115 | Butte Community Bank | Chico | California | Rabobank, N.A. | 499 | ||
116 | Pacific State Bank | Stockton | California | Rabobank, N.A. | 312 | ||
117 | Los Padres Bank | Solvang | California | Pacific Western Bank | 870 | ||
118 | Sonoma Valley Bank | Sonoma | California | Westamerica Bank | 337 | ||
119 | Horizon Bank | Bradenton | Florida | Bank of the Ozarks | 188 | ||
120 | Bank of Ellijay | Ellijay | Georgia | Community and Southern Bank | 169 | ||
121 | First Commerce Community Bank | Douglasville | Georgia | Community and Southern Bank | 248 | ||
122 | Peoples Bank | Winder | Georgia | Community and Southern Bank | 447 | ||
123 | ISN Bank | Cherry Hill | New Jersey | Customers Bank | 82 | ||
124 | Bramble Savings Bank | Milford | Ohio | Foundation Bank | 48 | ||
125 | Maritime Savings Bank | West Allis | Wisconsin | North Shore Bank, FSB | 351 | ||
126 | Haven Trust Bank Florida | Ponte Vedra Beach | Florida | First Southern Bank | 149 | ||
127 | North County Bank | Arlington | Washington | Whidbey Island Bank | 289 | ||
128 | Wakulla Bank | Crawfordville | Florida | Centennial Bank | 424 | ||
129 | Shoreline Bank | Shoreline | Washington | GBC International Bank | 104 | ||
130 | Security Savings Bank, FSB | Olathe | Kansas | Simmons First National Bank | 508 | ||
131 | WestBridge Bank and Trust Company | Chesterfield | Missouri | Midland State Bank | 92 | ||
132 | Premier Bank | Jefferson City | Missouri | Providence Bank | 1,200 | ||
133 | Hillcrest Bank | Overland Park | Kansas | Hillcrest Bank, N.A. | 1,600 | ||
134 | First Bank of Jacksonville | Jacksonville | Florida | Ameris Bank | 81 | ||
135 | Progress Bank of Florida | Tampa | Florida | Bay Cities Bank | 111 | ||
136 | First National Bank of Barnesville | Barnesville | Georgia | United Bank | 131 | ||
137 | Gordon Bank | Gordon | Georgia | Morris Bank | 29 | ||
138 | First Suburban National Bank | Maywood | Illinois | Seaway Bank and Trust Company | 149 | ||
139 | First Arizona Savings | Scottsdale | Arizona | None (insured depositors paid directly) | 272 | ||
140 | K Bank | Randallstown | Maryland | Manufacturers and Traders Trust Company | 538 | ||
141 | Western Commercial Bank | Woodland Hills | California | First California Bank | 99 | ||
142 | First Vietnamese American Bank | Westminster | California | Grandpoint Bank | 48 | ||
143 | Pierce Commercial Bank | Tacoma | Washington | Heritage Bank | 221 | ||
144 | Tifton Banking Company | Tifton | Georgia | Ameris Bank | 144 | ||
145 | Darby Bank & Trust | Vidalia | Georgia | Ameris Bank | 655 | ||
146 | Copper Star Bank | Scottsdale | Arizona | Stearns Bank, N.A. | 204 | ||
147 | Gulf State Community Bank | Carrabelle | Florida | Centennial Bank | 112 | ||
148 | Allegiance Bank of North America | Bala Cynwyd | Pennsylvania | VIST Bank | 106 | ||
149 | First Banking Center | Burlington | Wisconsin | First Michigan Bank | 821 | ||
150 | Paramount Bank | Farmington Hills | Michigan | Level One Bank | 253 | ||
151 | Earthstar Bank | Southampton | Pennsylvania | Polonia Bank | 113 | ||
152 | Chestatee State Bank | Dawsonville | Georgia | Bank of the Ozarks | 244 | ||
153 | First Southern Bank | Batesville | Arkansas | Southern Bank | 156 | ||
154 | Community National Bank | Lino Lakes | Minnesota | Farmers & Merchants Savings Bank | 29 | ||
155 | United Americas Bank | Atlanta | Georgia | State Bank and Trust Company | 194 | ||
156 | Appalachian Community Bank | McCaysville | Georgia | Peoples Bank of East Tennessee | 68 | ||
157 | The Bank of Miami, N.A. | Coral Gables | Florida | 1st United Bank | 448 |
Ninety-two banks failed in 2011[2]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | First Commercial Bank of Florida | Orlando | Florida | First Southern Bank | 599 | ||
2 | Legacy Bank | Scottsdale | Arizona | Enterprise Bank and Trust | 151 | ||
3 | Oglethorpe Bank | Brunswick | Georgia | Bank of the Ozarks | 231 | ||
4 | Enterprise Banking Company | McDonough | Georgia | None (insured depositors paid directly) | 96 | ||
5 | CommunitySouth Bank and Trust | Easley | South Carolina | CertusBank, N.A. | 402 | ||
6 | Bank of Asheville | Asheville | North Carolina | First Bank | 188 | ||
7 | United Western Bank | Denver | Colorado | First-Citizens Bank and Trust Company | 1,650 | ||
8 | FirsTier Bank | Louisville | Colorado | None (insured depositors paid directly) | 782 | ||
9 | First Community Bank | Taos | New Mexico | U.S. Bank, N.A. | 2,300 | ||
10 | First State Bank | Camargo | Oklahoma | Bank 7 | 44 | ||
11 | Evergreen State Bank | Stoughton | Wisconsin | McFarland State Bank | 247 | ||
12 | American Trust Bank | Roswell | Georgia | Renasant Bank | 238 | ||
13 | North Georgia Bank | Watkinsville | Georgia | BankSouth | 153 | ||
14 | Community First Bank | Chicago | Illinois | Northbrook Bank and Trust | 51 | ||
15 | Peoples State Bank | Hamtramck | Michigan | First Michigan Bank | 391 | ||
16 | Canyon National Bank | Palm Springs | California | Pacific Premier Bank | 211 | ||
17 | Sunshine State Community Bank | Port Orange | Florida | Premier American Bank, N.A. | 126 | ||
18 | Badger State Bank | Cassville | Wisconsin | Royal Bank | 84 | ||
19 | Habersham Bank | Clarkesville | Georgia | SCBT, N.A. | 387 | ||
20 | Citizens Bank of Effingham | Springfield | Georgia | Heritage Bank of the South | 214 | ||
21 | Charter Oak Bank | Napa | California | Bank of Marin | 121 | ||
22 | San Luis Trust Bank, FSB | San Luis Obispo | California | First California Bank | 333 | ||
23 | Valley Community Bank | St. Charles | Illinois | First State Bank | 123 | ||
24 | First National Bank of Davis | Davis | Oklahoma | The Pauls Valley National Bank | 90 | ||
25 | Legacy Bank | Milwaukee | Wisconsin | Seaway Bank and Trust Company | 190 | ||
26 | Bank of Commerce | Wood Dale | Illinois | Advantage National Bank Group | 163 | ||
27 | Western Springs National Bank and Trust | Western Springs | Illinois | Heartland Bank and Trust Company | 186 | ||
28 | Nevada Commerce Bank | Las Vegas | Nevada | City National Bank | 144 | ||
29 | Bartow County Bank | Cartersville | Georgia | Hamilton State Bank | 330 | ||
30 | New Horizons Bank | East Ellijay | Georgia | Citizens South Bank | 110 | ||
31 | Nexity Bank | Birmingham | Alabama | AloStar Bank of Commerce | 793 | ||
32 | Superior Bank | Birmingham | Alabama | Superior Bank, N.A. | 3,000 | ||
33 | Rosemount National Bank | Rosemount | Minnesota | Central Bank | 37 | ||
34 | Heritage Banking Group | Carthage | Mississippi | TrustMark National Bank | 224 | ||
35 | Community Central Bank | Mount Clemens | Michigan | Talmer Bank and Trust | 476 | ||
36 | Park Avenue Bank | Valdosta | Georgia | Bank of the Ozarks | 953 | ||
37 | First Choice Community Bank | Dallas | Georgia | Bank of the Ozarks | 309 | ||
38 | Cortez Community Bank | Brooksville | Florida | Florida Community Bank | 71 | ||
39 | First National Bank of Central Florida | Winter Park | Florida | Florida Community Bank | 352 | ||
40 | Coastal Bank | Cocoa Beach | Florida | Florida Community Bank | 129 | ||
41 | Atlantic Southern Bank | Macon | Georgia | CertusBank, N.A. | 742 | ||
42 | First Georgia Banking Company | Franklin | Georgia | CertusBank, N.A. | 731 | ||
43 | Summit Bank | Burlington | Washington | Columbia State Bank | 143 | ||
44 | First Heritage Bank | Snohomish | Washington | Columbia State Bank | 174 | ||
45 | Atlantic Bank and Trust | Charleston | South Carolina | First Citizens Bank and Trust Company | 208 | ||
46 | McIntosh State Bank | Jackson | Georgia | Hamilton Bank | 339.9 | ||
47 | First Commercial Bank of Tampa Bay | Tampa | Florida | Stonegate Bank | 98.6 | ||
48 | Mountain Heritage Bank | Clayton | Georgia | First American Bank and Trust Company | 103.7 | ||
49 | First Chicago Bank & Trust | Chicago | Illinois | Northbrook Bank and Trust Company | 959.3 | ||
50 | Colorado Capital Bank | Castle Rock | Colorado | First-Citizens Bank and Trust Company | 717.5 | ||
51 | Signature Bank | Windsor | Colorado | Points West Community Bank | 66.7 | ||
52 | One Georgia Bank | Atlanta | Georgia | Ameris Bank | 186.3 | ||
53 | High Trust Bank | Stockbridge | Georgia | Ameris Bank | 192.5 | ||
54 | First Peoples Bank | Port St. Lucie | Florida | Premier American Bank, N.A. | 228.3 | ||
55 | Summit Bank | Prescott | Arizona | The Foothills Bank | 72.0 | ||
56 | Southshore Community Bank | Apollo Beach | Florida | American Momentum Bank | 46.3 | ||
57 | LandMark Bank of Florida | Sarasota | Florida | American Momentum Bank | 275.0 | ||
58 | Bank of Choice | Greeley | Colorado | Bank Midwest, N.A. | 1,070 | ||
59 | Virginia Business Bank | Richmond | Virginia | Xenith Bank | 95.8 | ||
60 | BankMeridian, N.A. | Columbia | South Carolina | SCBT, N.A. | 239.8 | ||
61 | Integra Bank, N.A. | Evansville | Indiana | Old National Bank | 2,200 | ||
62 | Bank of Shorewood | Shorewood | Illinois | Heartland Bank and Trust Company | 110.7 | ||
63 | Bank of Whitman | Colfax | Washington | Columbia State Bank | 548.6 | ||
64 | The First National Bank of Olathe | Olathe | Kansas | Enterprise Bank and Trust | 538.1 | ||
65 | Public Savings Bank | Huntingdon Valley | Pennsylvania | Capital Bank, N.A. | 46.8 | ||
66 | Lydian Private Bank | Palm Beach | Florida | Sabadell United Bank, N.A. | 1,700 | ||
67 | First Southern National Bank | Statesboro | Georgia | Heritage Bank of the South | 164.6 | ||
68 | First Choice Bank | Geneva | Illinois | Inland Bank and Trust | 141 | ||
69 | Patriot Bank of Georgia | Cumming | Georgia | Georgia Commerce Bank | 150.8 | ||
70 | CreekSide Bank | Woodstock | Georgia | Georgia Community Bank | 102.3 | ||
71 | First National Bank of Florida | Milton | Florida | Charter Bank | 296.8 | ||
72 | Bank of the Commonwealth | Norfolk | Virginia | Southern Bank and Trust Company | 985.1 | ||
73 | Citizens Bank of Northern California | Nevada City | California | Tri Counties Bank | 288.8 | ||
74 | First International Bank | Plano | Texas | American First National Bank | 239.9 | ||
75 | The RiverBank | Wyoming | Minnesota | Central Bank | 417.4 | ||
76 | Sun Security Bank | Ellington | Missouri | Great Southern Bank | 355.9 | ||
77 | Piedmont Community Bank | Gray | Georgia | State Bank and Trust Company | 201.7 | ||
78 | Blue Ridge Savings Bank | Asheville | North Carolina | Bank of North Carolina | 161 | ||
79 | First State Bank | Cranford | New Jersey | Northfield Bank (Staten Island, NY) | 204.4 | ||
80 | Country Bank | Aledo | Illinois | Blackhawk Bank & Trust | 190.6 | ||
81 | Old Harbor Bank | Clearwater | Florida | 1st United Bank | 215.9 | ||
82 | Decatur First Bank | Decatur | Georgia | Fidelity Bank | 191.5 | ||
83 | Community Capital Bank | Jonesboro | Georgia | State Bank and Trust Company | 181.2 | ||
84 | Community Banks of Colorado | Greenwood Village | Colorado | Bank Midwest, N.A. | 1,380 | ||
85 | All American Bank | Des Plaines | Illinois | International Bank of Chicago | 37.8 | ||
86 | Mid City Bank, Inc. | Omaha | Nebraska | Premier Bank | 106.1 | ||
87 | SunFirst Bank | Saint George | Utah | Cache Valley Bank | 376.2 | ||
88 | Community Bank of Rockmart | Rockmart | Georgia | Century Bank of Georgia | 62.4 | ||
89 | Polk County Bank | Johnston | Iowa | Grinnell State Bank | 91.6 | ||
90 | Central Progressive Bank | Lacombe | Louisiana | First NBC Bank | 383.1 | ||
91 | Premier Community Bank of the Emerald Coast | Crestview | Florida | Summit Bank | 126.0 | ||
92 | Western National Bank | Phoenix | Arizona | Washington Federal | 162.9 |
Fifty-one banks failed in 2012[2]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Central Florida State Bank | Belleview | Florida | CenterState Bank of Florida | 79.1 | ||
2 | The First State Bank | Stockbridge | Georgia | Hamilton State Bank | 536.9 | ||
3 | American Eagle Savings Bank | Boothwyn | Pennsylvania | Capital Bank, N.A. | 19.6 | ||
4 | First Guaranty Bank and Trust Company of Jacksonville | Jacksonville | Florida | CenterState Bank of Florida | 377.9 | ||
5 | Tennessee Commerce Bank | Franklin | Tennessee | Republic Bank & Trust Company | 1,185 | ||
6 | Patriot Bank Minnesota | Forest Lake | Minnesota | First Resource Bank | 111.3 | ||
7 | BankEast | Knoxville | Tennessee | U.S. Bancorp | 272.6 | ||
8 | Charter National Bank and Trust | Hoffman Estates | Illinois | Barrington Bank & Trust Company, N.A. | 93.9 | ||
9 | SCB Bank | Shelbyville | Indiana | First Merchants Bank, N.A. | 182.6 | ||
10 | Central Bank of Georgia | Ellaville | Georgia | Ameris Bank | 278.9 | ||
11 | Home Savings of America | Little Falls | Minnesota | None (Closed permanently by the FDIC) | 434.1 | ||
12 | Global Commerce Bank | Doraville | Georgia | Metro City Bank | 143.7 | ||
13 | New City Bank | Chicago | Illinois | None (Closed permanently by the FDIC) | 71.2 | ||
14 | Covenant Bank & Trust | Rock Spring | Georgia | Stearns Bank, N.A. | 95.7 | ||
15 | Premier Bank | Wilmette | Illinois | International Bank of Chicago | 268.7 | ||
16 | Fidelity Bank | Dearborn | Michigan | Huntington National Bank | 818.2 | ||
17 | Fort Lee Federal Savings Bank, FSB | Fort Lee | New Jersey | Alma Bank | 51.9 | ||
18 | Bank of the Eastern Shore | Cambridge | Maryland | None (Wound down by FDIC as receiver) | 166.7 | ||
19 | HarVest Bank of Maryland | Gaithersburg | Maryland | Sonabank | 164.3 | ||
20 | Inter Savings Bank, FSB | Maple Grove | Minnesota | Great Southern Bank | 481.6 | ||
21 | Plantation Federal Bank | Pawleys Island | South Carolina | First Federal Bank | 486.4 | ||
22 | Palm Desert National Bank | Palm Desert | California | Pacific Premier | 125.8 | ||
23 | Security Bank, N.A. | North Lauderdale | Florida | Banesco | 101.0 | ||
24 | Alabama Trust Bank, N.A. | Sylacauga | Alabama | Southern States Bank | 51.6 | ||
25 | First Capital Bank | Kingfisher | Oklahoma | F & M Bank | 46.1 | ||
26 | Carolina Federal Savings Bank | Charleston | South Carolina | Bank of North Carolina | 54.4 | ||
27 | Farmers and Traders State Bank | Shabbona | Illinois | First State Bank | 43.1 | ||
28 | Waccamaw Bank | Whiteville | North Carolina | First Community Bank | 533.1 | ||
29 | Putnam State Bank | Palatka | Florida | Harbor Community Bank | 169.5 | ||
30 | Security Exchange Bank | Marietta | Georgia | Fidelity Bank | 151.0 | ||
31 | The Farmers Bank of Lynchburg | Lynchburg | Tennessee | Clayton Bank and Trust | 163.9 | ||
32 | Montgomery Bank and Trust | Ailey | Georgia | Ameris | 173.6 | ||
33 | Glasgow Savings Bank | Glasgow | Missouri | Regional Missouri Bank | 24.8 | ||
34 | Royal Palm Bank of Florida | Naples | Florida | First National Bank of the Gulf Coast | 87.0 | ||
35 | Georgia Trust Bank | Buford | Georgia | Community & Southern Bank | 119.8 | ||
36 | First Cherokee State Bank | Woodstock | Georgia | Community & Southern Bank | 222.7 | ||
37 | Heartland Bank | Leawood | Kansas | Metcalf Bank | 110.0 | ||
38 | Second Federal Savings and Loan Association of Chicago | Chicago | Illinois | Hinsdale Bank & Trust Company | 199.1 | ||
39 | Jasper Banking Company | Jasper | Georgia | Stearns Bank, N.A. | 216.7 | ||
40 | Waukegan Savings Bank | Waukegan | Illinois | First Midwest Bank | 88.9 | ||
41 | First Community Bank | Bloomington | Minnesota | Republic Bank & Trust Company | 215.9 | ||
42 | Truman Bank | St. Louis | Missouri | Simmons First National Bank | 282.3 | ||
43 | First United Bank | Crete | Illinois | Old Plank Trail Community Bank, National Association | 328.4 | ||
44 | GulfSouth Private Bank | Destin | Florida | SmartBank | 159.1 | ||
45 | First East Side Savings Bank | Tamarac | Florida | Stearns Bank, N.A. | 67.2 | ||
46 | Excel Bank | Sedalia | Missouri | Simmons First National Bank | 200.6 | ||
47 | NOVA Bank | Berwyn | Pennsylvania | NONE (Permanently closed by the Pennsylvania Department of Banking & Securities) | 483.0 | ||
48 | Heritage Bank of Florida | Lutz | Florida | Centennial Bank | 225.5 | ||
49 | Citizens First National Bank | Princeton | Illinois | Heartland Bank and Trust Company | 924.0 | ||
50 | Hometown Community Bank | Braselton | Georgia | CertusBank, National Association | 124.6 | ||
51 | Community Bank of the Ozarks | Sunrise Beach | Missouri | Bank of Sullivan | 42.8 |
Twenty-four banks failed in 2013[11]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Westside Community Bank | University Place | Washington | Sunwest Bank | 97.7 | ||
2 | 1st Regents Bank | Andover | Minnesota | First Minnesota Bank | 50.2 | ||
3 | Covenant Bank | Chicago | Illinois | Liberty Bank and Trust Company | 58.4 | ||
4 | Frontier Bank | LaGrange | Georgia | HeritageBank of the South | 258.8 | ||
5 | Gold Canyon Bank | Gold Canyon | Arizona | First Scottsdale Bank, N.A. | 45.2 | ||
6 | First Federal Bank | Lexington | Kentucky | Your Community Bank | 100.1 | ||
7 | Heritage Bank of North Florida | Orange Park | Florida | FirstAtlantic Bank | 110.9 | ||
8 | Chipola Community Bank | Marianna | Florida | First Federal Bank of Florida | 39.2 | ||
9 | Parkway Bank | Lenoir | North Carolina | CertusBank, N.A. | 108.6 | ||
10 | Douglas County Bank | Douglasville | Georgia | Hamilton State Bank | 316.5 | ||
11 | Pisgah Community Bank | Asheville | North Carolina | Capital Bank, N.A. | 21.9 | ||
12 | Sunrise Bank | Valdosta | Georgia | Synovus Bank | 60.8 | ||
13 | Central Arizona Bank | Scottsdale | Arizona | Western State Bank | 31.6 | ||
14 | Banks of Wisconsin | Kenosha | Wisconsin | North Shore Bank, FSB | 134.0 | ||
15 | 1st Commerce Bank | North Las Vegas | Nevada | Plaza Bank | 20.2 | ||
16 | Mountain National Bank | Sevierville | Tennessee | First Tennessee Bank, National Association | 437.3 | ||
17 | First Community Bank of South Florida | Fort Myers | Florida | C1 Bank | 265.7 | ||
18 | Bank of Wausau | Wausau | Wisconsin | Nicolet National Bank | 43.6 | ||
19 | Community South Bank | Parsons | Tennessee | CB&S Bank, Inc. | 386.9 | ||
20 | Sunrise Bank of Arizona | Phoenix | Arizona | First Fidelity Bank, National Association | 202.2 | ||
21 | The Community's Bank | Bridgeport | Connecticut | None (insured depositors paid directly) | 26.3 | ||
22 | First National Bank, also operating as The National Bank of El Paso | Edinburg | Texas | PlainsCapital Bank | 3,100 | ||
23 | Bank of Jackson County | Graceville | Florida | First Federal Bank of Florida | 25.5 | ||
24 | Texas Community Bank, National Association | The Woodlands | Texas | Spirit of Texas Bank, SSB | 180.1 |
Eighteen banks failed in 2014[11]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Dupage National Bank | West Chicago | Illinois | Republic Bank of Chicago | 61.7 | ||
2 | The Bank of Union | El Reno | Oklahoma | BancFirst | 331.40 | ||
3 | Syringa Bank | Boise | Idaho | Sunwest Bank | 153.40 | ||
4 | Vantage Point Bank | Horsham | Pennsylvania | First Choice Bank | 63.5 | ||
5 | Millennium Bank, National Association | Sterling | Virginia | WashingtonFirst Bank | 130.3 | ||
6 | Allendale County Bank | Fairfax | South Carolina | Palmetto State Bank | 54.5 | ||
7 | AztecAmerica Bank En Español | Berwyn | Illinois | Republic Bank of Chicago | 66.3 | ||
8 | Columbia Savings Bank | Cincinnati | Ohio | United Fidelity Bank, fsb | 36.5 | ||
9 | Slavie Federal Savings Bank | Bel Air | Maryland | Bay Bank, FSB | 140.1 | ||
10 | Valley Bank | Moline | Illinois | Great Southern Bank | 456.4 | ||
11 | Valley Bank | Fort Lauderdale | Florida | Landmark Bank, National Association | 81.8 | ||
12 | The Freedom State Bank | Freedom | Oklahoma | Alva State Bank & Trust Company | 22.8 | ||
13 | Eastside Commercial Bank | Conyers | Georgia | Community & Southern Bank | 169.0 | ||
14 | GreenChoice Bank, fsb | Chicago | Illinois | Providence Bank, LLC | 72.9 | ||
15 | NBRS Financial | Rising Sun | Maryland | Howard Bank | 188.2 | ||
16 | The National Republic Bank of Chicago | Chicago | Illinois | State Bank of Texas | 954.4 | ||
17 | Frontier Bank, FSB D/B/A El Paseo Bank | Palm Desert | California | Bank of Southern California, N.A. | 86.4 | ||
18 | Northern Star Bank | Mankato | Minnesota | BankVista | 18.2 |
Eight banks failed in 2015[11]
Bank | City | State | Date | Acquired by | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | First National Bank of Crestview | Crestview | Florida | First NBC Bank | 79.7 | ||
2 | Highland Community Bank | Chicago | Illinois | United Fidelity Bank, FSB | 54.7 | ||
3 | Capitol City Bank and Trust | Atlanta | Georgia | First-Citizens Bank and Trust Company | 272.3 | ||
4 | Doral Bank | San Juan | Puerto Rico | Banco Popular de Puerto Rico | 5,900 | ||
5 | Edgebrook Bank | Chicago | Illinois | Republic Bank of Chicago | 90.0 | ||
6 | Premier Bank | Denver | Colorado | United Fidelity Bank, FSB | 31.7 | ||
7 | The Bank of Georgia | Peachtree City | Georgia | Fidelity Bank | 294.2 | ||
8 | Hometown National Bank | Longview | Washington | Twin City Bank | 4.9 |
Five banks failed in 2016[11]
Bank | City | State | Date | Acquired By | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | North Milwaukee State Bank | Milwaukee | Wisconsin | March 11, 2016 | First Citizens BancShares | 67.1 | |
2 | Trust Company Bank | Memphis | Tennessee | April 29, 2016 | The Bank of Fayette County | 20.7 | |
3 | First CornerStone | King of Prussia | Pennsylvania | May 6, 2016 | First Citizens BancShares | 103.3 | |
4 | The Woodbury Banking Company | Woodbury | Georgia | August 19, 2016 | United Bank | 21.4 | |
5 | Allied Bank | Mulberry | Arkansas | September 23, 2016 | Today's Bank | 66.3 |
Eight banks failed in 2017[11]
Bank | City | State | Date | Acquired By | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Harvest Community Bank | Pennsville | New Jersey | January 13, 2017 | First Citizens BancShares | 126.4 | |
2 | Seaway Bank and Trust Company | Chicago | Illinois | January 27, 2017 | State Bank of Texas | 361.2 | |
3 | Proficio Bank | Cottonwood Heights | Utah | March 3, 2017 | Cache Valley Bank | 68.2 | |
4 | First NBC Bank | New Orleans | Louisiana | April 28, 2017 | Whitney Bank | 4,740 | |
5 | Guaranty Bank (d/b/a BestBank in Georgia and Michigan) | Milwaukee | Wisconsin | May 5, 2017 | First-Citizens Bank & Trust Company | 13,000 | |
6 | Fayette County Bank | St. Elmo | Illinois | May 26, 2017 | United Fidelity Bank FSB | 34.4 | |
7 | The Farmers and Merchants State Bank of Argonia | Argonia | Kansas | October 13, 2017 | Conway Bank | 34.2 | |
8 | Washington Federal Bank for Savings | Chicago | Illinois | December 15, 2017 | Royal Savings Bank | 144 |
No banks failed in 2018.[11]
Four banks failed in 2019[11]
Bank | City | State | Date | Acquired By | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | The Enloe State Bank | Cooper | Texas | May 31, 2019 | Legend Bank, N.A. | 36.7 | |
2 | Louisa Community Bank | Louisa | Kentucky | October 25, 2019 | Kentucky Farmers Bank Corporation | 29.7 | |
3 | Resolute Bank | Maumee | Ohio | October 25, 2019 | Buckeye State Bank | 27.1 | |
4 | City National Bank of New Jersey (City National) | Newark | New Jersey | November 1, 2019 | Industrial Bank | 120.6 |
Four banks failed in 2020[11]
Bank | City | State | Date | Acquired By | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Ericson State Bank | Ericson | Nebraska | February 14, 2020 | Farmers and Merchants Bank | 100.9 | |
2 | First State Bank of Barboursville | Barboursville | West Virginia | April 3, 2020 | MVB Bank Inc. | 152.4 | |
3 | First City Bank of Florida | Fort Walton Beach | Florida | October 16, 2020 | United Fidelity Bank, fsb | 134.7 | |
4 | Almena State Bank | Almena | Kansas | October 23, 2020 | Equity Bank | 70 |
No banks failed in 2021.[11]
No banks failed in 2022.[11]
Five banks failed in 2023.[11] A sixth bank, Silvergate Bank, voluntarily wound down operations and liquidated.[12]
Bank | City | State | Date | Acquired By | Assets ($mil.) | ||
---|---|---|---|---|---|---|---|
1 | Silvergate Bank | San Diego | California | March 8, 2023 | None (Wound down voluntarily)[13] | 16,000[14] | |
2 | Silicon Valley Bank | Santa Clara | California | March 10, 2023 | First Citizens BancShares | 209,000 | |
3 | Signature Bank | New York City | New York | March 12, 2023 | Flagstar Bank | 118,445[15] | |
4 | First Republic Bank | San Francisco | California | May 1, 2023 | JPMorgan Chase | 229,000 | |
5 | Heartland Tri-State Bank | Elkhart | Kansas | July 28, 2023 | Dream First Bank, National Association | 139[16] | |
6 | Citizens Bank | Sac City | Iowa | November 3, 2023 | Iowa Trust & Savings Bank | 66[17] |
As of April 27, 2024, one bank has failed in 2024.[18]