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Bank Failures

2003 in Brief

There were 3 bank failures in 2003. See detailed descriptions below.

For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

2003 Summary by Month

(Approximate asset dollar volume based on figures from the press releases)

Months	Nov	May	Feb
Bank Failures	1	1	1
Approx. Asset (Millions)	10.20	35.00	1000.00

November Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Pulaski Savings Bank, Philadelphia, PA	PR-107-2003	November 14, 2003	$10.2	$9.2	Earthstar Bank, South Hampton, PA agreed to assume all deposits. (BIF)

May Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
First National Bank of Blanchardville, Blanchardville, WI	PR-48-2003, PR-47-2003	May 9, 2003	$35.0	$29.0	The Park Bank, Madison, WI agreed to assume all insured deposit accounts. (BIF)

February Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Southern Pacific Bank, Torrance, CA	PR-11-2003	February 7, 2003	$1,000.0	$864.7	Beal Bank of Plano, TX agreed to assume all deposits. (BIF)

*SAIF = Savings Association Insurance Fund **BIF = Bank Insurance Fund