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Bank Failures

2019 in Brief

There were 4 bank failures in 2019. 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.

2019 Summary by Month

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

Months Nov Oct Oct May
Bank Failures 1 1 1 1
Approx. Asset (Millions) 120.60 27.10 29.70 36.70
November Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
City National Bank of New Jersey, Newark, NJ PR-101-2019 $120.6 $111.2

Industrial Bank has agreed to assume all deposits.
October Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Resolute Bank, Maumee, OH PR-97-2019 $27.1 $26.2 Buckeye State Bank has agreed to assume all deposits.
Louisa Community Bank, Louisa, KY PR-96-2019 $29.7 $26.5 Kentucky Farmers Bank Corporation has agreed to assume all deposits.
May Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
The Enloe State Bank, Cooper, TX PR-46-2019 $36.7 $31.3 Legend Bank, N.A. has agreed to assume the insured deposits.