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Bank Failures

2012 in Brief

There were 51 bank failures in 2012. 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.

2012 Summary by Month

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

Months	Dec	Nov	Nov	Nov	Oct	Oct	Oct	Oct	Sep	Sep	Sep	Aug	Jul	Jul	Jul	Jul	Jul	Jul	Jul	Jul	Jun	Jun	Jun	Jun	Jun	Jun	Jun	May	May	Apr	Apr	Apr	Apr	Apr	Apr	Mar	Mar	Mar	Mar	Mar	Feb	Feb	Feb	Feb	Jan	Jan	Jan	Jan	Jan	Jan	Jan
Bank Failures	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Approx. Asset (Millions)	42.80	124.60	225.50	924.00	483.00	159.10	67.20	200.60	328.40	282.30	215.90	88.90	216.70	87.00	199.10	110.00	119.80	222.70	24.80	173.60	163.90	151.00	169.50	533.10	46.10	43.10	54.40	51.60	101.00	486.40	125.80	481.60	164.30	166.70	51.90	818.20	268.70	95.70	71.20	143.70	434.10	278.90	182.60	93.90	1185.00	111.30	377.90	272.60	536.90	79.10	19.60

December Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Community Bank of the Ozarks, Sunrise Beach, MO	PR-146-2012	December 14, 2012	$42.8	$41.9	Bank of Sullivan has agreed to assume all deposits.

November Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Hometown Community Bank, Braselton, GA	PR-134-2012	November 16, 2012	$124.6	$108.9	CertusBank, National Association has agreed to assume all deposits.
Heritage Bank of Florida, Lutz, FL	PR-127-2012	November 2, 2012	$225.5	$223.3	Centennial Bank has agreed to assume all deposits.
Citizens First National Bank, Princeton, IL	PR-128-2012	November 2, 2012	$924.0	$869.4	Heartland Bank and Trust Company has agreed to assume all deposits.

October Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
NOVA Bank, Berwyn, PA	PR-123-2012	October 26, 2012	$483.0	$432.2	The FDIC has approved the payout of the insured deposits of NOVA Bank.
GulfSouth Private Bank, Destin, FL	PR-118-2012	October 19, 2012	$159.1	$151.1	SmartBank has agreed to assume all deposits.
First East Side Savings Bank, Tamarac, FL	PR-119-2012	October 19, 2012	$67.2	$65.9	Stearns Bank National Association, has agreed to assume all deposits.
Excel Bank, Sedalia, MO	PR-120-2012	October 19, 2012	$200.6	$187.4	Simmons First National Bank has agreed to assume all deposits.

September Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
First United Bank, Crete, IL	PR-113-2012	September 28, 2012	$328.4	$316.9	Old Plank Trail Community Bank, National Association has agreed to assume all deposits.
Truman Bank, St. Louis, MO	PR-106-2012	September 14, 2012	$282.3	$245.7	Simmons First National Bank has agreed to assume all deposits excluding certain brokered deposits.
First Commercial Bank, Bloomington, MN	PR-104-2012	September 7, 2012	$215.9	$206.8	Republic Bank & Trust Company has agreed to assume all deposits.

August Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Waukegan Savings Bank, Waukegan, IL	PR-90-2012	August 3, 2012	$88.9	$77.5	First Midwest Bank has agreed to assume all deposits.

July Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Jasper Banking Company, Jasper, GA	PR-89-2012	July 27, 2012	$216.7	$213.1	Stearns Bank National Association, has agreed to assume all deposits excluding certain brokered deposits.
The Royal Palm Bank of Florida, Naples, FL	PR-82-2012	July 20, 2012	$87.0	$85.1	First National Bank of the Gulf Coast has agreed to assume all deposits.
Second Federal Savings and Loan Association of Chicago, Chicago, IL	PR-86-2012	July 20, 2012	$199.1	$175.9	Hinsdale Bank & Trust Company has agreed to assume all deposits.
Heartland Bank, Leawood, KS	PR-85-2012	July 20, 2012	$110.0	$102.6	Metcalf Bank has agreed to assume all deposits.
Georgia Trust Bank, Buford, GA	PR-83-2012	July 20, 2012	$119.8	$117.4	Community & Southern Bank has agreed to assume all deposits excluding certain brokered deposits.
First Cherokee State Bank, Woodstock, GA	PR-84-2012	July 20, 2012	$222.7	$193.3	Community & Southern Bank has agreed to assume all deposits.
Glasgow Savings Bank, Glasgow, MO	PR-81-2012	July 13, 2012	$24.8	$24.2	Regional Missouri Bank has agreed to assume all deposits.
Montgomery Bank & Trust, Ailey, GA	PR-80-2012	July 6, 2012	$173.6	$164.4	Ameris Bank has agreed to assume all deposits excluding certain brokered deposits.

June Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
The Farmers Bank of Lynchburg, Lynchburg, TN	PR-71-2012	June 15, 2012	$163.9	$156.4	Clayton Bank and Trust has agreed to assume all deposits.
Security Exchange Bank, Marietta, GA	PR-70-2012	June 15, 2012	$151.0	$147.9	Fidelity Bank has agreed to assume all deposits.
Putnam State Bank, Palatka, FL	PR-69-2012	June 15, 2012	$169.5	$160.0	Harbor Community Bank has agreed to assume all deposits.
Waccamaw Bank, Whiteville, NC	PR-67-2012	June 8, 2012	$533.1	$472.7	First Community Bank has agreed to assume all deposits excluding certain brokered deposits.
First Capital Bank, Kingfisher, OK	PR-64-2012	June 8, 2012	$46.1	$44.8	F & M Bank has agreed to assume all deposits.
Farmers' and Traders' State Bank, Shabbona, IL	PR-66-2012	June 8, 2012	$43.1	$42.3	First State Bank has agreed to assume all deposits.
Carolina Federal Savings Bank, Charleston, SC	PR-65-2012	June 8, 2012	$54.4	$53.1	Bank of North Carolina has agreed to assume all deposits.

May Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Alabama Trust Bank, National Association, Sylacauga, AL	PR-57-2012	May 18, 2012	$51.6	$45.1	Southern States Bank has agreed to assume all deposits excluding certain brokered deposits.
Security Bank, National Association, North Lauderdale, FL	PR-52-2012	May 4, 2012	$101.0	$99.1	Banesco USA has agreed to assume all deposits.

April Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Plantation Federal Bank, Pawleys Island, SC	PR-49-2012	April 27, 2012	$486.4	$440.5	First Federal Bank has agreed to assume all deposits.
Palm Desert National Bank, Palm Desert, CA	PR-50-2012	April 27, 2012	$125.8	$122.8	Pacific Premier Bank has agreed to assume all deposits excluding certain brokered deposits.
Inter Savings Bank, fsb D/B/A InterBank, fsb, Maple Grove, MN	PR-48-2012	April 27, 2012	$481.6	$473.0	Great Southern Bank has agreed to assume all deposits.
HarVest Bank of Maryland, Gaithersburg, MD	PR-47-2012	April 27, 2012	$164.3	$145.5	Sonabank has agreed to assume all deposits.
Bank of the Eastern Shore, Cambridge, MD	PR-46-2012	April 27, 2012	$166.7	$154.5	To protect the insured depositors, the FDIC created the Deposit Insurance National Bank (DINB) of Eastern Shore, Cambridge, MD which will remain open until May 25, 2012.
Fort Lee Federal Savings Bank, FSB, Fort Lee, NJ	PR-43-2012	April 20, 2012	$51.9	$50.7	Alma Bank has agreed to assume all deposits.

March Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Fidelity Bank, Dearborn, MI	PR-38-2012	March 30, 2012	$818.2	$747.6	The Huntington National Bank has agreed to assume all deposits.
Premier Bank, Wilmette, IL	PR-33-2012	March 23, 2012	$268.7	$199.0	International Bank of Chicago has agreed to assume all deposits.
Covenant Bank & Trust, Rock Spring, GA	PR-32-2012	March 23, 2012	$95.7	$90.6	Stearns Bank National Association, has agreed to assume all deposits.
New City Bank, Chicago, IL	PR-29-2012	March 9, 2012	$71.2	$72.4	The FDIC has approved the payout of the insured deposits of New City Bank.
Global Commerce Bank, Doraville, GA	PR-25-2012	March 2, 2012	$143.7	$116.8	Metro City Bank has agreed to assume all deposits.

February Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Home Savings of America, Little Falls, MN	PR-22-2012	February 24, 2012	$434.1	$432.2	The FDIC has approved the payout of the insured deposits of Home Savings of America.
Central Bank of Georgia, Ellaville, GA	PR-21-2012	February 24, 2012	$278.9	$266.6	Ameris Bank has agreed to assume all deposits.
SCB Bank, Shelbyville, IN	PR-18-2012	February 10, 2012	$182.6	$171.6	First Merchants Bank, National Association has agreed to assume all deposits excluding certain brokered deposits.
Charter National Bank and Trust, Hoffman Estates, IL	PR-17-2012	February 10, 2012	$93.9	$89.5	Barrington Bank & Trust Company, National Association has agreed to assume all deposits.

January Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Tennessee Commerce Bank, Franklin, TN	PR-11-2012	January 27, 2012	$1,185.0	$1,156.0	Republic Bank & Trust Company has agreed to assume all deposits excluding certain brokered deposits.
Patriot Bank Minnesota, Forest Lake, MN	PR-12-2012	January 27, 2012	$111.3	$108.3	First Resource Bank has agreed to assume all deposits.
First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, FL	PR-10-2012	January 27, 2012	$377.9	$349.5	CenterState Bank of Florida, National Association has agreed to assume all deposits excluding certain brokered deposits.
BankEast, Knoxville, TN	PR-13-2012	January 27, 2012	$272.6	$268.8	U.S. Bank National Association, has agreed to assume all deposits.
The First State Bank, Stockbridge, GA	PR-6-2012	January 20, 2012	$536.9	$527.5	Hamilton State Bank has agreed to assume all deposits excluding certain brokered deposits.
Central Florida State Bank, Belleview, FL	PR-5-2012	January 20, 2012	$79.1	$77.7	CenterState Bank of Florida, National Association, has agreed to assume all deposits excluding certain brokered deposits.
American Eagle Savings Bank, Boothwyn, PA	PR-7-2012	January 20, 2012	$19.6	$17.7	Capital Bank, National Association, has agreed to assume all deposits excluding certain brokered deposits.