List of bank failures in the United States (2008–present) explained

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]

2008

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]

BankCityStateDateAcquired byAssets
 ($mil.)
1Douglass National BankKansas CityMissouriLiberty Bank and Trust58.5
2Hume BankHumeMissouriSecurity Bank18.7
3Bear StearnsNew York CityNew YorkJ.P. Morgan Chase395,000
4ANB Financial N.A.BentonvilleArkansasPulaski Bank and Trust Company2,100
5First Integrity Bank, N.A.StaplesMinnesotaFirst International Bank and Trust54.7
6IndyMacPasadenaCaliforniaOneWest Bank, FSB32,000
7First National Bank of NevadaRenoNevadaMutual of Omaha Bank3,400
8First Heritage Bank, N.A.Newport BeachCaliforniaMutual of Omaha Bank254
9First Priority BankBradentonFloridaSunTrust Banks259
10The Columbian Bank and Trust CompanyTopekaKansasCitizens Bank and Trust752
11Integrity BankAlpharettaGeorgiaRegions Bank1,100
12Silver State BankHendersonNevadaNevada State Bank2,000
13AmeribankNorthforkWest VirginiaThe Citizens Savings Bank
Pioneer Community Bank
113
14Washington Mutual BankSeattleWashingtonJPMorgan Chase & Co307,000
15Main Street BankNorthvilleMichiganMonroe Bank and Trust98
16Meridian BankEldredIllinoisNational Bank39.2
17Alpha Bank & TrustAlpharettaGeorgiaStearns Bank, N.A.354.1
18Freedom BankBradentonFloridaFifth Third Bank287
19Franklin BankHoustonTexasProsperity Bank5,100
20Security Pacific BankLos AngelesCaliforniaPacific Western Bank561.1
21The Community BankLoganvilleGeorgiaBank of Essex681.0
22Downey Savings and LoanNewport BeachCaliforniaU.S. Bank, N.A.12,800
23PFF Bank and TrustPomonaCaliforniaU.S. Bank, N.A.3,700
24First Georgia Community BankJacksonGeorgiaUnited Bank237.5
25Haven Trust BankDuluthGeorgiaBranch Banking and Trust Company (BB&T)572
26Sanderson State BankSandersonTexasThe Pecos County State Bank37

2009

One hundred forty banks failed in 2009[2]

BankCityStateDateAcquired byAssets
 ($mil.)
1National Bank of CommerceBerkeleyIllinoisRepublic Bank of Chicago430.9
2Bank of Clark CountyVancouverWashingtonUmpqua Bank446.5
31st Centennial BankRedlandsCaliforniaFirst California Bank803.3
4MagnetBankSalt Lake CityUtahNone (insured depositors paid directly)292.9
5Suburban FSBCroftonMarylandBank of Essex360
6Ocala National BankOcalaFloridaCenterState Bank of Florida, N.A.223.5
7FirstBank Financial ServiceMcDonoughGeorgiaRegions Bank337
8Alliance BankCulver CityCaliforniaCalifornia Bank and Trust1,140
9County BankMercedCaliforniaWestamerica Bank1,700
10Sherman County BankLoup CityNebraskaHeritage Bank129.8
11Riverside Bank of the Gulf CoastCape CoralFloridaTIB Bank539
12Corn Belt Bank & Trust Co.PittsfieldIllinoisThe Carlinville National Bank271.8
13Pinnacle Bank of OregonBeavertonOregonWashington Trust Bank of Spokane73
14Silver Falls BankSilvertonOregonCitizens Bank131.4
15Heritage Community BankGlenwoodIllinoisMB Financial Bank, N.A.232.9
16Security Savings BankHendersonNevadaBank of Nevada238.3
17Freedom Bank of GeorgiaCommerceGeorgiaNortheast Georgia Bank173
18FirstCity BankStockbridgeGeorgiaNone (insured depositors paid directly)297
19Colorado National BankColorado SpringsColoradoHerring Bank123.9
20TeamBank, N.A.PaolaKansasGreat Southern Bank669.8
21Omni National BankAtlantaGeorgiaSunTrust Bank956.0
22Cape Fear BankWilmingtonNorth CarolinaFirst Federal Savings and Loan Association492
23New Frontier BankGreeleyColoradoNone (Wound down by FDIC as receiver)2,000
24American Sterling BankSugar CreekMissouriMetcalf Bank181
25Great Basin Bank of NevadaElkoNevadaNevada State Bank271
26American Southern BankKennesawGeorgiaBank of North Georgia112.3
27Michigan Heritage BankFarmington HillsMichiganLevel One Bank184.6
28First Bank of Beverly HillsCalabasasCaliforniaNone (insured depositors paid directly)1,500
29First Bank of IdahoKetchumIdahoU.S. Bank, N.A.488.9
30Silverton Bank, N.A.AtlantaGeorgiaNone (insured depositors paid directly)4,100
31Citizens Community BankRidgewoodNew JerseyNorth Jersey Community Bank45.1
32America West BankLaytonUtahCache Valley Bank299.4
33Westsound BankBremertonWashingtonKitsap Bank334.6
34BankUnited FSBCoral GablesFloridaBankUnited12,800
35Strategic Capital BankChampaignIllinoisMidland States Bank537
36Citizens National BankMacombIllinoisMorton Community Bank437
37Bank of LincolnwoodLincolnwoodIllinoisRepublic Bank of Chicago214
38Southern Community BankFayettevilleGeorgiaUnited Community Bank377
39Cooperative BankWilmingtonNorth CarolinaFirst Bank970
40First National Bank of AnthonyAnthonyKansasBank of Kansas156.9
41Community Bank of West GeorgiaVilla RicaGeorgiaNone (insured depositors paid directly)199.4
42Neighborhood Community BankNewnanGeorgiaCharterbank221.6
43Horizon BankPine CityMinnesotaStearns Bank, N.A.87.6
44MetroPacific BankIrvineCaliforniaSunwest Bank80
45Mirae BankLos AngelesCaliforniaWilshire State Bank456
46First National Bank of DanvilleDanvilleIllinoisFirst Financial Bank, N.A.166
47Rock River BankOregonIllinoisThe Harvard State Bank77
48John Warner BankClintonIllinoisState Bank of Lincoln70
49First State Bank of WinchesterWinchesterIllinoisThe First National Bank of Beardstown36
50Elizabeth State BankElizabethIllinoisGalena State Bank and Trust Company56
51Millennium State Bank of TexasDallasTexasState Bank of Texas118
52Founders BankWorthIllinoisThe PrivateBank and Trust Company963
53Bank of WyomingThermopolisWyomingCentral Bank and Trust70
54Temecula Valley BankTemeculaCaliforniaFirst-Citizens Bank and Trust Company1,500
55Vineyard BankRancho CucamongaCaliforniaCalifornia Bank and Trust1,900
56BankFirstSioux FallsSouth DakotaAlerus Financial, N.A.275
57First Piedmont BankWinderGeorgiaFirst American Bank and Trust Company115
58Security Bank of Bibb CountyMaconGeorgiaState Bank and Trust Company1,200
59Security Bank of North MetroWoodstockGeorgiaState Bank and Trust Company224
60Security Bank of North FultonAlpharettaGeorgiaState Bank and Trust Company209
61Security Bank of Gwinnett CountySuwaneeGeorgiaState Bank and Trust Company322
62Security Bank of Jones CountyGrayGeorgiaState Bank and Trust Company453
63Security Bank of Houston CountyPerryGeorgiaState Bank and Trust Company383
64Waterford Village BankWilliamsvilleNew YorkEvans Bank, N.A.61
65Integrity BankJupiterFloridaStonegate Bank119
66First State Bank of AltusAltusOklahomaHerring Bank103
67First BankAmericanoElizabethNew JerseyCrown Bank166
68Peoples Community BankWest ChesterOhioFirst Financial Bank, N.A.706
69Mutual BankHarveyIllinoisUnited Central Bank1,600
70First State BankSarasotaFloridaStearns Bank, N.A.463
71Community National Bank of Sarasota CountyVeniceFloridaStearns Bank, N.A.97
72Community First BankPrinevilleOregonHome Federal Bank209
73Union Bank, N.A.GilbertArizonaMidFirst Bank124
74Dwelling House Savings and Loan AssociationPittsburghPennsylvaniaPNC Bank, N.A.13
75Colonial BankMontgomeryAlabamaBranch Banking and Trust (BB&T)25,000
76Community Bank of ArizonaPhoenixArizonaMidFirst Bank156
77Community Bank of NevadaLas VegasNevadaNone (insured depositors paid directly)159
78First Coweta BankNewnanGeorgiaUnited Bank167
79Guaranty BankAustinTexasBBVA Compass13,000
80CapitalSouth BankBirminghamAlabamaIBERIABANK617
81ebankAtlantaGeorgiaStearns Bank, N.A.143
82Bradford BankBaltimoreMarylandManufacturers & Traders Trust Company452
83Mainstreet BankForest LakeMinnesotaCentral Bank459
84Affinity BankVenturaCaliforniaPacific Western Bank1,000
85First Bank of Kansas CityKansas CityMissouriGreat American Bank16
86InBankOak ForestIllinoisMB Financial Bank, N.A.212
87Vantus BankSioux CityIowaGreat Southern Bank458
88Platinum Community BankRolling MeadowsIllinoisNone (insured depositors paid directly)346
89First State BankFlagstaffArizonaSunwest Bank105
90Corus BankChicagoIllinoisMB Financial Bank, N.A.7,000
91Brickwell Community BankWoodburyMinnesotaCorTrust Bank, N.A.72
92Venture BankLaceyWashingtonFirst-Citizens Bank and Trust Company970
93Irwin Union Bank and Trust CompanyColumbusIndianaFirst Financial Bank, N.A.2,700
94Irwin Union Bank, F.S.B.LouisvilleKentuckyFirst Financial Bank, N.A.493
95Georgian BankAtlantaGeorgiaFirst Citizens Bank and Trust Company2,000
96Warren BankWarrenMichiganThe Huntington National Bank538
97Jennings State BankSpring GroveMinnesotaCentral Bank56
98South Colorado National BankPuebloColoradoLegacy Bank40
99San Joaquin BankBakersfieldCaliforniaCitizens Business Bank775
100Partners BankNaplesFloridaStonegate Bank66
101American United BankLawrencevilleGeorgiaAmeris Bank111
102Hillcrest Bank FloridaNaplesFloridaHillcrest Bank, N.A.83
103Flagship National BankBradentonFloridaFirst Federal Bank of Florida190
104Bank of ElmwoodRacineWisconsinTri City National Bank327
105Riverview Community BankOtsegoMinnesotaCentral Bank108
106First DuPage Bank of WestmontWestmontIllinoisFirst Midwest Bank279
107Community Bank of LemontLemontIllinoisU.S. Bank, N.A.82
108Bank USA, N.A.PhoenixArizonaU.S. Bank, N.A.213
109California National BankLos AngelesCaliforniaU.S. Bank, N.A.7,800
110San Diego National BankSan DiegoCaliforniaU.S. Bank, N.A.3,600
111Pacific National BankSan FranciscoCaliforniaU.S. Bank, N.A.2,300
112Park National BankChicagoIllinoisU.S. Bank, N.A.4,700
113Citizens National BankTeagueTexasU.S. Bank, N.A.118
114Madisonville State BankMadisonvilleTexasU.S. Bank, N.A.257
115North Houston BankHoustonTexasU.S. Bank, N.A.326
116United Security BankSpartaGeorgiaAmeris Bank157
117Home Federal Savings BankDetroitMichiganLiberty Bank and Trust Company15
118Prosperan BankOakdaleMinnesotaAlerus Financial, N.A.200
119Gateway Bank of St. LouisSt. LouisMissouriCentral Bank of Kansas City28
120United Commercial BankSan FranciscoCaliforniaEast West Bank11,200
121Century Bank, F.S.B.SarasotaFloridaIBERIABANK728
122Orion BankNaplesFloridaIBERIABANK2,700
123Pacific Coast National BankSan ClementeCaliforniaSunwest Bank134
124Commerce Bank of Southwest FloridaFort MyersFloridaCentral Bank80
125The Buckhead Community BankAtlantaGeorgiaState Bank and Trust874
126First Security National BankNorcrossGeorgiaState Bank and Trust128
127The Tattnall BankReidsvilleGeorgiaHeritage Bank of the South50
128AmTrust BankClevelandOhioNew York Community Bank12,000
129Benchmark BankAuroraIllinoisMB Financial Bank, N.A.170
130Greater Atlantic BankRestonVirginiaSonabank203
131Republic Federal Bank, N.A.MiamiFlorida1st United Bank433
132Valley Capital Bank, N.A.MesaArizonaEnterprise Bank and Trust40
133SolutionsBankOverland ParkKansasArvest Bank511
134RockBridge Commercial BankAtlantaGeorgiaNone (insured depositors paid directly)294
135Peoples First Community BankPanama CityFloridaHancock Bank1,800
136Citizens State BankNew BaltimoreMichiganNone (insured depositors paid directly)169
137New South Federal Savings BankIrondaleAlabamaBeal Bank1,500
138Independent Bankers' BankSpringfieldIllinoisThe Independent Bankers Bank586
139Imperial Capital BankLa JollaCaliforniaCity National Bank4,000
140First Federal Bank of California, F.S.B.Santa MonicaCaliforniaOneWest Bank, FSB6,100

2010

One hundred fifty-seven banks failed in 2010[2]

BankCityStateDateAcquired byAssets
 ($mil.)
1Horizon BankBellinghamWashingtonWashington Federal Savings and Loan Association1,300
2Town Community Bank & TrustAntiochIllinoisFirst American Bank70
3St. Stephen State BankSt. StephenMinnesotaFirst State Bank of St. Joseph25
4Barnes Banking CompanyKaysvilleUtahNone (insured depositors paid directly)828
5Premier American BankMiamiFloridaPremier American Bank, N.A.351
6Bank of LeetonLeetonMissouriSunflower Bank, N.A.20
7Charter BankSanta FeNew MexicoCharter Bank1,200
8Evergreen BankSeattleWashingtonUmpqua Bank489
9Columbia River BankThe DallesOregonColumbia State Bank1,100
10First National Bank of GeorgiaCarrolltonGeorgiaCommunity and Southern Bank833
11Florida Community BankImmokaleeFloridaPremier American Bank, N.A.876
12Marshall Bank, N.A.HallockMinnesotaUnited Valley Bank60
13Community Bank and TrustCorneliaGeorgiaSCBT, N.A.1,210
14First Regional BankLos AngelesCaliforniaFirst-Citizens Bank and Trust Company2,180
15American Marine BankBainbridge IslandWashingtonColumbia State Bank373
161st American State Bank of MinnesotaHancockMinnesotaCommunity Development Bank, FSB18
17La Jolla BankLa JollaCaliforniaOneWest Bank, FSB3,600
18George Washington Savings BankOrland ParkIllinoisFirstMerit Bank, N.A.413
19The La Coste National BankLa CosteTexasCommunity National Bank54
20Marco Community BankMarco IslandFloridaMutual of Omaha Bank120
21Carson River Community BankCarson CityNevadaHeritage Bank of Nevada51
22Rainier Pacific BankTacomaWashingtonUmpqua Bank718
23Centennial BankOgdenUtahNone (insured depositors paid directly)215
24Waterfield BankGermantownMarylandNone (insured depositors paid directly)156
25Bank of IllinoisNormalIllinoisHeartland Bank and Trust Company212
26Sun American BankBoca RatonFloridaFirst-Citizens Bank and Trust Company536
27LibertyPointe BankNew YorkNew YorkValley National Bank210
28The Park Avenue BankNew YorkNew YorkValley National Bank520
29Statewide BankCovingtonLouisianaHome Bank243
30Old Southern BankOrlandoFloridaCentennial Bank316
31American National BankParmaOhioThe National Bank and Trust Company70
32Advanta Bank CorpDraperUtahNone (insured depositors paid directly)1,600
33Century Security BankDuluthGeorgiaBank of Upson97
34Bank of HiawasseeHiawasseeGeorgiaCitizens South Bank378
35Appalachian Community BankEllijayGeorgiaCommunity and Southern Bank1,010
36First Lowndes BankLuverneAlabamaFirst Citizens Bank137
37State Bank of AuroraAuroraMinnesotaNorthern State Bank28
38Desert Hills BankPhoenixArizonaNew York Community Bank497
39Unity National BankCartersvilleGeorgiaBank of the Ozarks292
40Key West BankKey WestFloridaCentennial Bank88
41McIntosh Commercial BankCarrolltonGeorgiaHamilton State Bank363
42Beach First National BankMyrtle BeachSouth CarolinaBank of North Carolina585
43City BankLynnwoodWashingtonWhidbey Island Bank1,130
44Tamalpais BankSan RafaelCaliforniaUnion Bank, N.A.629
45Innovative BankOaklandCaliforniaCenter Bank269
46Butler BankLowellMassachusettsPeople's United Bank268
47Riverside National Bank of FloridaFort PierceFloridaTD Bank, N.A.3,420
48AmericanFirst BankClermontFloridaTD Bank, N.A.91
49First Federal Bank of North FloridaPalatkaFloridaTD Bank, N.A.393
50Lakeside Community BankSterling HeightsMichiganNone (insured depositors paid directly)53
51Amcore BankRockfordIllinoisHarris, N.A.3,400
52Broadway BankChicagoIllinoisMB Financial, N.A.1,200
53Citizens Bank and Trust Company of ChicagoChicagoIllinoisRepublic Bank of Chicago77
54Lincoln Park Saving BankChicagoIllinoisNorthbrook Bank and Trust Company200
55New Century BankChicagoIllinoisMB Financial, N.A.486
56Peotone Bank and Trust CompanyPeotoneIllinoisFirst Midwest Bank130
57Wheatland BankNapervilleIllinoisWheaton Bank and Trust437
58BC National BanksButlerMissouriCommunity First Bank67
59CF BancorpPort HuronMichiganFirst Michigan Bank1,650
60Champion BankCreve CoeurMissouriBankLiberty187
61EurobankSan JuanPuerto RicoOrient Bank and Trust2,560
62Frontier BankEverettWashingtonUnion Bank[10] 3,500
63R-G Premier Bank of Puerto RicoHato ReyPuerto RicoScotiabank de Puerto Rico5,920
64Westernbank Puerto RicoMayaguezPuerto RicoBanco Popular de Puerto Rico11,940
651st Pacific Bank of CaliforniaSan DiegoCaliforniaCity National Bank336
66Towne Bank of ArizonaMesaArizonaCommerce Bank of Arizona120
67Access BankChamplinMinnesotaPrinsBank32
68The Bank of BonifayBonifayFloridaFirst Federal Bank of Florida243
69Midwest Bank and Trust CompanyElmwood ParkIllinoisFirstMerit Bank, N.A.3,170
70New Liberty BankPlymouthMichiganBank of Ann Arbor109
71Satilla Community BankSt. MarysGeorgiaAmeris Bank136
72Southwest Community BankSpringfieldMissouriSimmons First National Bank97
73Pinehurst BankSt. PaulMinnesotaCoulee Bank61
74Bank of Florida-SoutheastFort LauderdaleFloridaEverBank595
75Bank of Florida-SouthwestNaplesFloridaEverBank641
76Bank of Florida-Tampa BayTampaFloridaEverBank245
77Sun West BankLas VegasNevadaCity National Bank361
78Granite Community BankGranite BayCaliforniaTri Counties Bank103
79TierOne BankLincolnNebraskaGreat Western Bank2,800
80First National BankRosedaleMississippiThe Jefferson Bank60
81Arcola Homestead Savings BankArcolaIllinoisNone (insured depositors paid directly)17
82Washington First International BankSeattleWashingtonEast West Bank521
83Nevada Security BankRenoNevadaUmpqua Bank480
84Peninsula BankEnglewoodFloridaPremier American Bank, N.A.644
85First National BankSavannahGeorgiaThe Savannah Bank253
86High Desert State BankAlbuquerqueNew MexicoFirst American Bank81
87Bay National BankBaltimoreMarylandBay Bank, FSB282
88Ideal Federal Savings BankBaltimoreMarylandNone (insured depositors paid directly)6
89USA BankPort ChesterNew YorkNew Century Bank190
90Home National BankBlackwellOklahomaRCB Bank561
91Woodlands BankBlufftonSouth CarolinaBank of the Ozarks376
92First National Bank of the SouthSpartanburgSouth CarolinaNAFH National Bank682
93Mainstreet Savings BankHastingsMichiganCommercial Bank97
94Metro Bank of Dade CountyMiamiFloridaNAFH National Bank442
95Turnberry BankAventuraFloridaNAFH National Bank264
96Olde Cypress Community BankClewistonFloridaCenterState Bank of Florida169
97Community Security BankNew PragueMinnesotaRoundbank108
98Crescent Bank and Trust CoJasperGeorgiaRenasant Bank1,000
99Sterling BankLantanaFloridaIBERIABANK408
100Williamsburg First National BankKingstreeSouth CarolinaFirst Citizens Bank and Trust Company139
101Thunder BankSylvan GroveKansasThe Bennington State Bank33
102SouthwestUSA BankLas VegasNevadaPlaza Bank214
103Home Valley BankCave JunctionOregonSouth Valley Bank and Trust252
104Bayside Savings BankPort Saint JoeFloridaCentennial Bank66
105Coastal Community BankPanama CityFloridaCentennial Bank373
106NorthWest Bank and TrustAcworthGeorgiaState Bank and Trust Company168
107The Cowlitz BankLongviewWashingtonHeritage Bank529
108LibertyBankEugeneOregonHome Federal Bank768
109Ravenswood BankChicagoIllinoisNorthbrook Bank and Trust Company265
110Palos Bank and TrustPalos HeightsIllinoisFirst Midwest Bank493
111ShoreBankChicagoIllinoisUrban Partnership Bank2,160
112Community National Bank at BartowBartowFloridaCenterState Bank of Florida68
113Independent National BankOcalaFloridaCenterState Bank of Florida156
114Imperial Savings & LoanMartinsvilleVirginiaRiver Community Bank, N.A.9
115Butte Community BankChicoCaliforniaRabobank, N.A.499
116Pacific State BankStocktonCaliforniaRabobank, N.A.312
117Los Padres BankSolvangCaliforniaPacific Western Bank870
118Sonoma Valley BankSonomaCaliforniaWestamerica Bank337
119Horizon BankBradentonFloridaBank of the Ozarks188
120Bank of EllijayEllijayGeorgiaCommunity and Southern Bank169
121First Commerce Community BankDouglasvilleGeorgiaCommunity and Southern Bank248
122Peoples BankWinderGeorgiaCommunity and Southern Bank447
123ISN BankCherry HillNew JerseyCustomers Bank82
124Bramble Savings BankMilfordOhioFoundation Bank48
125Maritime Savings BankWest AllisWisconsinNorth Shore Bank, FSB351
126Haven Trust Bank FloridaPonte Vedra BeachFloridaFirst Southern Bank149
127North County BankArlingtonWashingtonWhidbey Island Bank289
128Wakulla BankCrawfordvilleFloridaCentennial Bank424
129Shoreline BankShorelineWashingtonGBC International Bank104
130Security Savings Bank, FSBOlatheKansasSimmons First National Bank508
131WestBridge Bank and Trust CompanyChesterfieldMissouriMidland State Bank92
132Premier BankJefferson CityMissouriProvidence Bank1,200
133Hillcrest BankOverland ParkKansasHillcrest Bank, N.A.1,600
134First Bank of JacksonvilleJacksonvilleFloridaAmeris Bank81
135Progress Bank of FloridaTampaFloridaBay Cities Bank111
136First National Bank of BarnesvilleBarnesvilleGeorgiaUnited Bank131
137Gordon BankGordonGeorgiaMorris Bank29
138First Suburban National BankMaywoodIllinoisSeaway Bank and Trust Company149
139First Arizona SavingsScottsdaleArizonaNone (insured depositors paid directly)272
140K BankRandallstownMarylandManufacturers and Traders Trust Company538
141Western Commercial BankWoodland HillsCaliforniaFirst California Bank99
142First Vietnamese American BankWestminsterCaliforniaGrandpoint Bank48
143Pierce Commercial BankTacomaWashingtonHeritage Bank221
144Tifton Banking CompanyTiftonGeorgiaAmeris Bank144
145Darby Bank & TrustVidaliaGeorgiaAmeris Bank655
146Copper Star BankScottsdaleArizonaStearns Bank, N.A.204
147Gulf State Community BankCarrabelleFloridaCentennial Bank112
148Allegiance Bank of North AmericaBala CynwydPennsylvaniaVIST Bank106
149First Banking CenterBurlingtonWisconsinFirst Michigan Bank821
150Paramount BankFarmington HillsMichiganLevel One Bank253
151Earthstar BankSouthamptonPennsylvaniaPolonia Bank113
152Chestatee State BankDawsonvilleGeorgiaBank of the Ozarks244
153First Southern BankBatesvilleArkansasSouthern Bank156
154Community National BankLino LakesMinnesotaFarmers & Merchants Savings Bank29
155United Americas BankAtlantaGeorgiaState Bank and Trust Company194
156Appalachian Community BankMcCaysvilleGeorgiaPeoples Bank of East Tennessee68
157The Bank of Miami, N.A.Coral GablesFlorida1st United Bank448

2011

Ninety-two banks failed in 2011[2]

BankCityStateDateAcquired byAssets
 ($mil.)
1First Commercial Bank of FloridaOrlandoFloridaFirst Southern Bank599
2Legacy BankScottsdaleArizonaEnterprise Bank and Trust151
3Oglethorpe BankBrunswickGeorgiaBank of the Ozarks231
4Enterprise Banking CompanyMcDonoughGeorgiaNone (insured depositors paid directly)96
5CommunitySouth Bank and TrustEasleySouth CarolinaCertusBank, N.A.402
6Bank of AshevilleAshevilleNorth CarolinaFirst Bank188
7United Western BankDenverColoradoFirst-Citizens Bank and Trust Company1,650
8FirsTier BankLouisvilleColoradoNone (insured depositors paid directly)782
9First Community BankTaosNew MexicoU.S. Bank, N.A.2,300
10First State BankCamargoOklahomaBank 744
11Evergreen State BankStoughtonWisconsinMcFarland State Bank247
12American Trust BankRoswellGeorgiaRenasant Bank238
13North Georgia BankWatkinsvilleGeorgiaBankSouth153
14Community First BankChicagoIllinoisNorthbrook Bank and Trust51
15Peoples State BankHamtramckMichiganFirst Michigan Bank391
16Canyon National BankPalm SpringsCaliforniaPacific Premier Bank211
17Sunshine State Community BankPort OrangeFloridaPremier American Bank, N.A.126
18Badger State BankCassvilleWisconsinRoyal Bank84
19Habersham BankClarkesvilleGeorgiaSCBT, N.A.387
20Citizens Bank of EffinghamSpringfieldGeorgiaHeritage Bank of the South214
21Charter Oak BankNapaCaliforniaBank of Marin121
22San Luis Trust Bank, FSBSan Luis ObispoCaliforniaFirst California Bank333
23Valley Community BankSt. CharlesIllinoisFirst State Bank123
24First National Bank of DavisDavisOklahomaThe Pauls Valley National Bank90
25Legacy BankMilwaukeeWisconsinSeaway Bank and Trust Company190
26Bank of CommerceWood DaleIllinoisAdvantage National Bank Group163
27Western Springs National Bank and TrustWestern SpringsIllinoisHeartland Bank and Trust Company186
28Nevada Commerce BankLas VegasNevadaCity National Bank144
29Bartow County BankCartersvilleGeorgiaHamilton State Bank330
30New Horizons BankEast EllijayGeorgiaCitizens South Bank110
31Nexity BankBirminghamAlabamaAloStar Bank of Commerce793
32Superior BankBirminghamAlabamaSuperior Bank, N.A.3,000
33Rosemount National BankRosemountMinnesotaCentral Bank37
34Heritage Banking GroupCarthageMississippiTrustMark National Bank224
35Community Central BankMount ClemensMichiganTalmer Bank and Trust476
36Park Avenue BankValdostaGeorgiaBank of the Ozarks953
37First Choice Community BankDallasGeorgiaBank of the Ozarks309
38Cortez Community BankBrooksvilleFloridaFlorida Community Bank71
39First National Bank of Central FloridaWinter ParkFloridaFlorida Community Bank352
40Coastal BankCocoa BeachFloridaFlorida Community Bank129
41Atlantic Southern BankMaconGeorgiaCertusBank, N.A.742
42First Georgia Banking CompanyFranklinGeorgiaCertusBank, N.A.731
43Summit BankBurlingtonWashingtonColumbia State Bank143
44First Heritage BankSnohomishWashingtonColumbia State Bank174
45Atlantic Bank and TrustCharlestonSouth CarolinaFirst Citizens Bank and Trust Company208
46McIntosh State BankJacksonGeorgiaHamilton Bank339.9
47First Commercial Bank of Tampa BayTampaFloridaStonegate Bank98.6
48Mountain Heritage BankClaytonGeorgiaFirst American Bank and Trust Company103.7
49First Chicago Bank & TrustChicagoIllinoisNorthbrook Bank and Trust Company959.3
50Colorado Capital BankCastle RockColoradoFirst-Citizens Bank and Trust Company717.5
51Signature BankWindsorColoradoPoints West Community Bank66.7
52One Georgia BankAtlantaGeorgiaAmeris Bank186.3
53High Trust BankStockbridgeGeorgiaAmeris Bank192.5
54First Peoples BankPort St. LucieFloridaPremier American Bank, N.A.228.3
55Summit BankPrescottArizonaThe Foothills Bank72.0
56Southshore Community BankApollo BeachFloridaAmerican Momentum Bank46.3
57LandMark Bank of FloridaSarasotaFloridaAmerican Momentum Bank275.0
58Bank of ChoiceGreeleyColoradoBank Midwest, N.A.1,070
59Virginia Business BankRichmondVirginiaXenith Bank95.8
60BankMeridian, N.A.ColumbiaSouth CarolinaSCBT, N.A.239.8
61Integra Bank, N.A.EvansvilleIndianaOld National Bank2,200
62Bank of ShorewoodShorewoodIllinoisHeartland Bank and Trust Company110.7
63Bank of WhitmanColfaxWashingtonColumbia State Bank548.6
64The First National Bank of OlatheOlatheKansasEnterprise Bank and Trust538.1
65Public Savings BankHuntingdon ValleyPennsylvaniaCapital Bank, N.A.46.8
66Lydian Private BankPalm BeachFloridaSabadell United Bank, N.A.1,700
67First Southern National BankStatesboroGeorgiaHeritage Bank of the South164.6
68First Choice BankGenevaIllinoisInland Bank and Trust141
69Patriot Bank of GeorgiaCummingGeorgiaGeorgia Commerce Bank150.8
70CreekSide BankWoodstockGeorgiaGeorgia Community Bank102.3
71First National Bank of FloridaMiltonFloridaCharter Bank296.8
72Bank of the CommonwealthNorfolkVirginiaSouthern Bank and Trust Company985.1
73Citizens Bank of Northern CaliforniaNevada CityCaliforniaTri Counties Bank288.8
74First International BankPlanoTexasAmerican First National Bank239.9
75The RiverBankWyomingMinnesotaCentral Bank417.4
76Sun Security BankEllingtonMissouriGreat Southern Bank355.9
77Piedmont Community BankGrayGeorgiaState Bank and Trust Company201.7
78Blue Ridge Savings BankAshevilleNorth CarolinaBank of North Carolina161
79First State BankCranfordNew JerseyNorthfield Bank (Staten Island, NY)204.4
80Country BankAledoIllinoisBlackhawk Bank & Trust190.6
81Old Harbor BankClearwaterFlorida1st United Bank215.9
82Decatur First BankDecaturGeorgiaFidelity Bank191.5
83Community Capital BankJonesboroGeorgiaState Bank and Trust Company181.2
84Community Banks of ColoradoGreenwood VillageColoradoBank Midwest, N.A.1,380
85All American BankDes PlainesIllinoisInternational Bank of Chicago37.8
86Mid City Bank, Inc.OmahaNebraskaPremier Bank106.1
87SunFirst BankSaint GeorgeUtahCache Valley Bank376.2
88Community Bank of RockmartRockmartGeorgiaCentury Bank of Georgia62.4
89Polk County BankJohnstonIowaGrinnell State Bank91.6
90Central Progressive BankLacombeLouisianaFirst NBC Bank383.1
91Premier Community Bank of the Emerald CoastCrestviewFloridaSummit Bank126.0
92Western National BankPhoenixArizonaWashington Federal162.9

2012

Fifty-one banks failed in 2012[2]

BankCityStateDateAcquired byAssets
 ($mil.)
1Central Florida State BankBelleviewFloridaCenterState Bank of Florida79.1
2The First State BankStockbridgeGeorgiaHamilton State Bank536.9
3American Eagle Savings BankBoothwynPennsylvaniaCapital Bank, N.A.19.6
4First Guaranty Bank and Trust Company of JacksonvilleJacksonvilleFloridaCenterState Bank of Florida377.9
5Tennessee Commerce BankFranklinTennesseeRepublic Bank & Trust Company1,185
6Patriot Bank MinnesotaForest LakeMinnesotaFirst Resource Bank111.3
7BankEastKnoxvilleTennesseeU.S. Bancorp272.6
8Charter National Bank and TrustHoffman EstatesIllinoisBarrington Bank & Trust Company, N.A.93.9
9SCB BankShelbyvilleIndianaFirst Merchants Bank, N.A.182.6
10Central Bank of GeorgiaEllavilleGeorgiaAmeris Bank278.9
11Home Savings of AmericaLittle FallsMinnesotaNone (Closed permanently by the FDIC)434.1
12Global Commerce BankDoravilleGeorgiaMetro City Bank143.7
13New City BankChicagoIllinoisNone (Closed permanently by the FDIC)71.2
14Covenant Bank & TrustRock SpringGeorgiaStearns Bank, N.A.95.7
15Premier BankWilmetteIllinoisInternational Bank of Chicago268.7
16Fidelity BankDearbornMichiganHuntington National Bank818.2
17Fort Lee Federal Savings Bank, FSBFort LeeNew JerseyAlma Bank51.9
18Bank of the Eastern ShoreCambridgeMarylandNone (Wound down by FDIC as receiver)166.7
19HarVest Bank of MarylandGaithersburgMarylandSonabank164.3
20Inter Savings Bank, FSBMaple GroveMinnesotaGreat Southern Bank481.6
21Plantation Federal BankPawleys IslandSouth CarolinaFirst Federal Bank486.4
22Palm Desert National BankPalm DesertCaliforniaPacific Premier125.8
23Security Bank, N.A.North LauderdaleFloridaBanesco101.0
24Alabama Trust Bank, N.A.SylacaugaAlabamaSouthern States Bank51.6
25First Capital BankKingfisherOklahomaF & M Bank46.1
26Carolina Federal Savings BankCharlestonSouth CarolinaBank of North Carolina54.4
27Farmers and Traders State BankShabbonaIllinoisFirst State Bank43.1
28Waccamaw BankWhitevilleNorth CarolinaFirst Community Bank533.1
29Putnam State BankPalatkaFloridaHarbor Community Bank169.5
30Security Exchange BankMariettaGeorgiaFidelity Bank151.0
31The Farmers Bank of LynchburgLynchburgTennesseeClayton Bank and Trust163.9
32Montgomery Bank and TrustAileyGeorgiaAmeris173.6
33Glasgow Savings BankGlasgowMissouriRegional Missouri Bank24.8
34Royal Palm Bank of FloridaNaplesFloridaFirst National Bank of the Gulf Coast87.0
35Georgia Trust BankBufordGeorgiaCommunity & Southern Bank119.8
36First Cherokee State BankWoodstockGeorgiaCommunity & Southern Bank222.7
37Heartland BankLeawoodKansasMetcalf Bank110.0
38Second Federal Savings and Loan Association of ChicagoChicagoIllinoisHinsdale Bank & Trust Company199.1
39Jasper Banking CompanyJasperGeorgiaStearns Bank, N.A.216.7
40Waukegan Savings BankWaukeganIllinoisFirst Midwest Bank88.9
41First Community BankBloomingtonMinnesotaRepublic Bank & Trust Company215.9
42Truman BankSt. LouisMissouriSimmons First National Bank282.3
43First United BankCreteIllinoisOld Plank Trail Community Bank, National Association328.4
44GulfSouth Private BankDestinFloridaSmartBank159.1
45First East Side Savings BankTamaracFloridaStearns Bank, N.A.67.2
46Excel BankSedaliaMissouriSimmons First National Bank200.6
47NOVA BankBerwynPennsylvaniaNONE (Permanently closed by the Pennsylvania Department of Banking & Securities)483.0
48Heritage Bank of FloridaLutzFloridaCentennial Bank225.5
49Citizens First National BankPrincetonIllinoisHeartland Bank and Trust Company924.0
50Hometown Community BankBraseltonGeorgiaCertusBank, National Association124.6
51Community Bank of the OzarksSunrise BeachMissouriBank of Sullivan42.8

2013

Twenty-four banks failed in 2013[11]

BankCityStateDateAcquired byAssets
 ($mil.)
1Westside Community BankUniversity PlaceWashingtonSunwest Bank97.7
21st Regents BankAndoverMinnesotaFirst Minnesota Bank50.2
3Covenant BankChicagoIllinoisLiberty Bank and Trust Company58.4
4Frontier BankLaGrangeGeorgiaHeritageBank of the South258.8
5Gold Canyon BankGold CanyonArizonaFirst Scottsdale Bank, N.A.45.2
6First Federal BankLexingtonKentuckyYour Community Bank100.1
7Heritage Bank of North FloridaOrange ParkFloridaFirstAtlantic Bank110.9
8Chipola Community BankMariannaFloridaFirst Federal Bank of Florida39.2
9Parkway BankLenoirNorth CarolinaCertusBank, N.A.108.6
10Douglas County BankDouglasvilleGeorgiaHamilton State Bank316.5
11Pisgah Community BankAshevilleNorth CarolinaCapital Bank, N.A.21.9
12Sunrise BankValdostaGeorgiaSynovus Bank60.8
13Central Arizona BankScottsdaleArizonaWestern State Bank31.6
14Banks of WisconsinKenoshaWisconsinNorth Shore Bank, FSB134.0
151st Commerce BankNorth Las VegasNevadaPlaza Bank20.2
16Mountain National BankSeviervilleTennesseeFirst Tennessee Bank, National Association437.3
17First Community Bank of South FloridaFort MyersFloridaC1 Bank265.7
18Bank of WausauWausauWisconsinNicolet National Bank43.6
19Community South BankParsonsTennesseeCB&S Bank, Inc.386.9
20Sunrise Bank of ArizonaPhoenixArizonaFirst Fidelity Bank, National Association202.2
21The Community's BankBridgeportConnecticutNone (insured depositors paid directly)26.3
22First National Bank, also operating as The National Bank of El PasoEdinburgTexasPlainsCapital Bank3,100
23Bank of Jackson CountyGracevilleFloridaFirst Federal Bank of Florida25.5
24Texas Community Bank, National AssociationThe WoodlandsTexasSpirit of Texas Bank, SSB180.1

2014

Eighteen banks failed in 2014[11]

BankCityStateDateAcquired byAssets
 ($mil.)
1Dupage National BankWest ChicagoIllinoisRepublic Bank of Chicago61.7
2The Bank of UnionEl RenoOklahomaBancFirst331.40
3Syringa BankBoiseIdahoSunwest Bank153.40
4Vantage Point BankHorshamPennsylvaniaFirst Choice Bank63.5
5Millennium Bank, National AssociationSterlingVirginiaWashingtonFirst Bank130.3
6Allendale County BankFairfaxSouth CarolinaPalmetto State Bank54.5
7AztecAmerica Bank En EspañolBerwynIllinoisRepublic Bank of Chicago66.3
8Columbia Savings BankCincinnatiOhioUnited Fidelity Bank, fsb36.5
9Slavie Federal Savings BankBel AirMarylandBay Bank, FSB140.1
10Valley BankMolineIllinoisGreat Southern Bank456.4
11Valley BankFort LauderdaleFloridaLandmark Bank, National Association81.8
12The Freedom State BankFreedomOklahomaAlva State Bank & Trust Company22.8
13Eastside Commercial BankConyersGeorgiaCommunity & Southern Bank169.0
14GreenChoice Bank, fsbChicagoIllinoisProvidence Bank, LLC72.9
15NBRS FinancialRising SunMarylandHoward Bank188.2
16The National Republic Bank of ChicagoChicagoIllinoisState Bank of Texas954.4
17Frontier Bank, FSB D/B/A El Paseo BankPalm DesertCaliforniaBank of Southern California, N.A.86.4
18Northern Star BankMankatoMinnesotaBankVista18.2

2015

Eight banks failed in 2015[11]

BankCityStateDateAcquired byAssets
 ($mil.)
1First National Bank of CrestviewCrestviewFloridaFirst NBC Bank79.7
2Highland Community BankChicagoIllinoisUnited Fidelity Bank, FSB54.7
3Capitol City Bank and TrustAtlantaGeorgiaFirst-Citizens Bank and Trust Company272.3
4Doral BankSan JuanPuerto RicoBanco Popular de Puerto Rico5,900
5Edgebrook BankChicagoIllinoisRepublic Bank of Chicago90.0
6Premier BankDenverColoradoUnited Fidelity Bank, FSB31.7
7The Bank of GeorgiaPeachtree CityGeorgiaFidelity Bank294.2
8Hometown National BankLongviewWashingtonTwin City Bank4.9

2016

Five banks failed in 2016[11]

BankCityStateDateAcquired ByAssets ($mil.)
1North Milwaukee State BankMilwaukeeWisconsinMarch 11, 2016First Citizens BancShares67.1
2Trust Company BankMemphisTennesseeApril 29, 2016The Bank of Fayette County20.7
3First CornerStoneKing of PrussiaPennsylvaniaMay 6, 2016First Citizens BancShares103.3
4The Woodbury Banking CompanyWoodburyGeorgiaAugust 19, 2016United Bank21.4
5Allied BankMulberryArkansasSeptember 23, 2016Today's Bank66.3

2017

Eight banks failed in 2017[11]

BankCityStateDateAcquired ByAssets ($mil.)
1Harvest Community BankPennsvilleNew JerseyJanuary 13, 2017First Citizens BancShares126.4
2Seaway Bank and Trust CompanyChicagoIllinoisJanuary 27, 2017State Bank of Texas361.2
3Proficio BankCottonwood HeightsUtahMarch 3, 2017Cache Valley Bank68.2
4First NBC BankNew OrleansLouisianaApril 28, 2017Whitney Bank4,740
5Guaranty Bank (d/b/a BestBank in Georgia and Michigan)MilwaukeeWisconsinMay 5, 2017First-Citizens Bank & Trust Company13,000
6Fayette County BankSt. ElmoIllinoisMay 26, 2017United Fidelity Bank FSB34.4
7The Farmers and Merchants State Bank of ArgoniaArgoniaKansasOctober 13, 2017Conway Bank34.2
8Washington Federal Bank for SavingsChicagoIllinoisDecember 15, 2017Royal Savings Bank144

2018

No banks failed in 2018.[11]

2019

Four banks failed in 2019[11]

BankCityStateDateAcquired ByAssets ($mil.)
1The Enloe State BankCooperTexasMay 31, 2019Legend Bank, N.A.36.7
2Louisa Community BankLouisaKentuckyOctober 25, 2019Kentucky Farmers Bank Corporation29.7
3Resolute BankMaumeeOhioOctober 25, 2019Buckeye State Bank27.1
4City National Bank of New Jersey (City National)NewarkNew JerseyNovember 1, 2019Industrial Bank120.6

2020

Four banks failed in 2020[11]

BankCityStateDateAcquired ByAssets ($mil.)
1Ericson State BankEricsonNebraskaFebruary 14, 2020Farmers and Merchants Bank100.9
2First State Bank of BarboursvilleBarboursvilleWest VirginiaApril 3, 2020MVB Bank Inc.152.4
3First City Bank of FloridaFort Walton BeachFloridaOctober 16, 2020United Fidelity Bank, fsb134.7
4Almena State BankAlmenaKansasOctober 23, 2020Equity Bank70

2021

No banks failed in 2021.[11]

2022

No banks failed in 2022.[11]

2023

Five banks failed in 2023.[11] A sixth bank, Silvergate Bank, voluntarily wound down operations and liquidated.[12]

BankCityStateDateAcquired ByAssets ($mil.)
1Silvergate BankSan DiegoCaliforniaMarch 8, 2023None (Wound down voluntarily)[13] 16,000[14]
2Silicon Valley BankSanta ClaraCaliforniaMarch 10, 2023First Citizens BancShares209,000
3Signature BankNew York CityNew YorkMarch 12, 2023Flagstar Bank118,445[15]
4First Republic BankSan Francisco CaliforniaMay 1, 2023JPMorgan Chase229,000
5Heartland Tri-State BankElkhartKansasJuly 28, 2023Dream First Bank, National Association139[16]
6Citizens BankSac CityIowaNovember 3, 2023Iowa Trust & Savings Bank66[17]

2024

As of April 27, 2024, one bank has failed in 2024.[18]

See also

External links

Notes and References

  1. News: How to Make This the Last Banking Bailout . The New York Times . New York Times . March 14, 2023.
  2. Web site: Failed Bank List . Federal Deposit Insurance Corporation . November 15, 2013 . https://web.archive.org/web/20131115033731/http://www.fdic.gov/bank/individual/failed/banklist.html . November 15, 2013 . live .
  3. News: Do you know where your bank is? . Robertson Jr. . Austin G. . August 4, 2008 . Shreveport Times . August 4, 2008 . dead . https://web.archive.org/web/20131103173955/http://www.shreveporttimes.com/apps/pbcs.dll/article?AID=%2F20080804%2FNEWS05%2F808040319%2F1064 . November 3, 2013 .
  4. News: How to Make This the Last Banking Bailout . The New York Times . New York Times . March 14, 2023.
  5. Web site: When a Bank Fails—Facts for Depositors, Creditors, and Borrowers . Federal Deposit Insurance Corporation . September 26, 2008.
  6. News: FDIC approves $250,000 insurance limit . October 10, 2008 . International Herald Tribune . October 11, 2008.
  7. News: September 26, 2008 . The Wall Street Journal . WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History . Sidel . Robin . David Enrich . Dan Fitzpatrick . October 7, 2009 .
  8. News: Government Seizes WaMu and Sells Some Assets . Sorkin . Andrew Ross . Eric Dash . September 25, 2008 . The New York Times . September 26, 2008.
  9. JPMorgan Chase Acquires Banking Operations of Washington Mutual . Federal Deposit Insurance Corporation . September 25, 2008.
  10. Web site: Former Mastro property in Redmond sells for $3.5 million - Puget Sound Business Journal . Bizjournals.com . 2013-05-03 . 2014-01-19.
  11. Web site: Failed Bank List . Federal Deposit Insurance Corporation . February 3, 2017 .
  12. News: Sigalos . MacKenzie . Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown . 17 March 2023 . CNBC . March 8, 2023 . en.
  13. Web site: Silvergate Capital Corporation Announces Intent to Wind Down Operations and Voluntarily Liquidate Silvergate Bank. ir.silvergate.com.
  14. Web site: Silvergate Capital Total Assets 2019-2022 | SI. macrotrends.net.
  15. Web site: Signature Bank Total Assets 2010-2022 | SBNY. macrotrends.net.
  16. Web site: Dream First Bank, National Association, of Syracuse, Kansas, Assumes All of the Deposits of Heartland Tri-State Bank of Elkhart, Kansas . FDIC.
  17. Web site: Iowa Trust & Savings Bank, Emmetsburg, Iowa, Assumes All of the Deposits of Citizens Bank, Sac City, Iowa . FDIC.
  18. News: US regulators seize troubled lender Republic First, sell it to Fulton BanK . 27 April 2024 . Reuters . 27 April 2024.