Number of Banks Failed in 2012

51


Monthly Bank Failures in 2008-2013

     
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Yearly Failed Banks List
Historical Bank Failures(Since 1934)
Failed Banks Map
Asset-wise List
     

# Bank Location Date Closed Assets Deposits FDIC Cost
51 Sunrise Beach,MO December 14, 2012 $42.8 million $41.9 million $10.4 million
50 Braselton,GA November 16, 2012 $124.6 million $108.9 million $36.7 million
49 Princeton,IL November 02, 2012 $924.0 million $869.4 million $45.2 million
48 Lutz,FL November 02, 2012 $225.5 million $223.3 million $65.5 million
47 Berwyn,PA October 26, 2012 $483.0 million $432.2 million $91.2 million
46 Sedalia,MO October 19, 2012 $200.6 million $187.4 million $40.9 million
45 Tamarac,FL October 19, 2012 $67.2 million $65.9 million $9.1 million
44 Destin,FL October 19, 2012 $159.1 million $151.1 million $36.1 million
43 Crete,IL September 28, 2012 $328.4 million $316.9 million $48.6 million
42 St. Louis,MO September 14, 2012 $282.3 million $245.7 million $34.0 million
41 Bloomington,MN September 07, 2012 $215.9 million $206.8 million $63.9 million
40 Waukegan,IL August 03, 2012 $88.9 million $77.5 million $19.8 million
39 Jasper,GA July 27, 2012 $216.7 million $213.1 million $58.1 million
38 Chicago,IL July 20, 2012 $199.1 million $175.9 million $76.9 million
37 Leawood,KS July 20, 2012 $110.0 million $102.6 million $54.3 million
36 Woodstock,GA July 20, 2012 $222.7 million $193.3 million $36.9 million
35 Buford,GA July 20, 2012 $119.8 million $117.4 million $20.9 million
34 Naples,FL July 20, 2012 $87.0 million $85.1 million $13.5 million
33 Glasgow,MO July 13, 2012 $24.8 million $24.2 million $0.1 million
32 Ailey,GA July 06, 2012 $173.6 million $164.4 million $75.2 million
31 Lynchburg,TN June 15, 2012 $163.9 million $156.4 million $28.3 million
30 Marietta,GA June 15, 2012 $151.0 million $147.9 million $34.3 million
29 Palatka,FL June 15, 2012 $169.5 million $160.0 million $37.4 million
28 Whiteville,NC June 08, 2012 $533.1 million $472.7 million $51.1 million
27 Shabbona,IL June 08, 2012 $43.1 million $42.3 million $8.9 million
26 Charleston,SC June 08, 2012 $54.4 million $53.1 million $15.2 million
25 Kingfisher,OK June 08, 2012 $46.1 million $44.8 million $5.6 million
24 Sylacauga,AL May 18, 2012 $51.6 million $45.1 million $8.9 million
23 North Lauderdale,FL May 04, 2012 $101.0 million $99.1 million $10.8 million
22 Palm Desert,CA April 27, 2012 $125.8 million $122.8 million $20.1 million
21 Pawleys Island,SC April 27, 2012 $486.4 million $440.5 million $76.0 million
20 Maple Grove,MN April 27, 2012 $481.6 million $473.0 million $117.5 million
19 Gaithersburg,MD April 27, 2012 $164.3 million $145.5 million $17.2 million
18 Cambridge,MD April 27, 2012 $166.7 million $154.5 million $41.8 million
17 Fort Lee,NJ April 20, 2012 $51.9 million $50.7 million $14.0 million
16 Dearborn,MI March 30, 2012 $818.2 million $747.6 million $92.8 million
15 Wilmette,IL March 23, 2012 $268.7 million $199.0 million $64.1 million
14 Rock Spring,GA March 23, 2012 $95.7 million $90.6 million $31.5 million
13 Chicago, IL March 09, 2012 $71.2 million $72.4 million $17.4 million
12 Doraville,GA March 02, 2012 $143.7 million $116.8 million $17.9 million
11 Little Falls,MN February 24, 2012 $434.1 million $432.2 million $38.8 million
10 Ellaville,GA February 24, 2012 $278.9 million $266.6 million $67.5 million
9 Shelbyville,IN February 10, 2012 $182.6 million $171.6 million $33.9 million
8 Hoffman Estates,IL February 10, 2012 $93.9 million $89.5 million $17.4 million
7 Knoxville,TN January 27, 2012 $272.6 million $268.8 million $75.6 million
6 Forest Lake,MN January 27, 2012 $111.3 million $108.3 million $32.6 million
5 Franklin,TN January 27, 2012 $1.185 billion $1.156 billion $416.8 million
4 Jacksonville,FL January 27, 2012 $377.9 million $349.5 million $82.0 million
3 Boothwyn,PA January 20, 2012 $19.6 million $17.7 million $3.2 million
2 Stockbridge,GA January 20, 2012 $536.9 million $527.5 million $216.2 million
1 Belleview,FL January 20, 2012 $79.1 million $77.7 million $24.4 million

Cumulative Bank Failures in 2008-2013

Assetwise Distribution of Failed Banks

US Bank Failures Since 1934
FDIC Bank Failures since 1990


Cost of Bank Failures to FDIC


Total Deposits of All Banks Insured by FDIC since 1990


Cost of Bank Failures to FDIC

The Federal Deposit Insurance Corporation is an independent federal agency created in 1933 to promote public confidence and stability in the nation's banking system. The FDIC is often appointed as receiver for failed banks.

What is a bank failure?
A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This brochure deals with the failure of "insured banks." The term "insured bank" means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.

What is FDIC's role in a bank failure?
In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank's deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the "Receiver" of the failed bank, assumes the task of selling/collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit.



What is the purpose of FDIC deposit insurance?
The FDIC protects depositors' funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.

What is the FDIC insurance amount?
The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank. Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. For more information on deposit insurance coverage, see the FDIC's brochure "Your Insured Deposits" which can be accessed at www.fdic.gov/deposit/deposits/insured

Who does the FDIC insure?
Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.

What does FDIC deposit insurance cover?
FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts (MMDA), and time deposits such as certificates of deposit (CDs).

What is the source of funding used by the FDIC to pay insured depositors of a failed bank?
The FDIC's deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved.

How am I notified when my bank has been closed?
The FDIC notifies each depositor in writing using the depositor's address on record with the bank. This notification is mailed immediately after the bank closes. When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.


Source :  Federal Deposit Insurance Corporation


Notes :

* The Cost to DIF of $2.5 billion for "California National Bank" failed on 30th October,2009 is the total cost for all the 9 banks failed on that.