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Bank Failures

2014 in Brief

There were 18 bank failures in 2014. 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.

2014 Summary by Month

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

Months Dec Nov Oct Oct Jul Jul Jun Jun Jun May May May Apr Feb Feb Jan Jan Jan
Bank Failures 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Approx. Asset (Millions) 18.80 86.40 954.40 188.20 72.90 169.00 22.80 456.40 81.80 140.10 36.50 66.30 54.50 63.50 130.30 153.40 331.40 61.70
December Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Northern Star Bank, Mankato, MN PR-112-2014 $18.8 $18.2

BankVista has agreed to assume all deposits.

November Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Frontier Bank, FSB D/B/A El Paseo Bank, Palm Desert, CA PR-97-2014 $86.4 $82.1

Bank of Southern California, N.A. has agreed to assume all deposits.

October Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
The National Republic Bank of Chicago, Chicago, IL PR-89-2014 $954.4 $915.3

State Bank of Texas has agreed to assume all deposits excluding certain brokered deposits.

NBRS Financial, Rising Sun, MD PR-85-2014 $188.2 $183.1

Howard 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
GreenChoice Bank, fsb, Chicago, IL PR-62-2014 $72.9 $71.0

Providence Bank, LLC has agreed to assume all deposits.

Eastside Commercial Bank, Conyers, GA PR-58-2014 $169.0 $161.6

Community & Southern Bank has agreed to assume all deposits.

June Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
The Freedom State Bank, Freedom, OK PR-50-2014 $22.8 $20.9

Alva State Bank & Trust Company has agreed to assume all deposits.

Valley Bank, Moline, IL PR-47-2014 $456.4 $360.0 Great Southern Bank has agreed to assume all deposits.
Valley Bank, Fort Lauderdale, FL PR-48-2014 $81.8 $66.5 Landmark Bank, National Association has agreed to assume all deposits.
May Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Slavie Federal Savings Bank, Bel Air, MD PR-41-2014 $140.1 $111.1

Bay Bank, FSB has agreed to assume all deposits.

Columbia Savings Bank, Cincinnati, OH PR-36-2014 $36.5 $29.5

United Fidelity Bank, fsb has agreed to assume all deposits.

AztecAmerica Bank, Berwyn, IL PR-34-2014 $66.3 $65.0

Republic Bank of Chicago has agreed to assume all deposits.

April Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Allendale County Bank, Fairfax, SC PR-31-2014 $54.5 $51.0

Palmetto State 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
Vantage Point Bank, Horsham, PA PR-17-2014 $63.5 $62.5 First Choice Bank has agreed to assume all deposits.
Millennium Bank, National Association, Sterling, VA PR-16-2014 $130.3 $121.7

WashingtonFirst Bank has agreed to assume all deposits.

January Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Syringa Bank, Boise, ID PR-7-2014 $153.4 $145.1

Sunwest Bank has agreed to assume all deposits excluding certain brokered deposits.

The Bank of Union, El Reno, OK PR-5-2014 $331.4 $328.8

BancFirst has agreed to assume all deposits excluding certain brokered deposits.

DuPage National Bank, West Chicago, IL PR-4-2014 $61.7 $59.6 Republic Bank of Chicago has agreed to assume all deposits.