Number of Banks Failed in year 1987

217

* Dollar amounts in thousands
# Institution Location Date Closed Deposits Assets Estimated Loss
1 BOWIE NATIONAL BANK BOWIE, TX 1987-01-08 12406 12253 800
2 AMERICAN NATIONAL BANK OF GRAND JUNCTION GRAND JUNCTION, CO 1987-01-08 7242 7669 1577
3 THE SECURITY NAT BK & TR CO. OF NORMAN NORMAN, OK 1987-01-08 171175 198716 86222
4 STATE BANK OF CUBA CUBA, IL 1987-01-09 17717 18275 2475
5 THE FIRST NATIONAL BANK OF RUSH SPRINGS RUSH SPRINGS, OK 1987-01-15 12502 12827 3749
6 FIRST CHARTER BANK DENVER, CO 1987-01-15 9347 10125 2959
7 LATIMER BANK & TRUST LATIMER, IA 1987-01-15 21988 23230 3229
8 THE FIRST NATIONAL BANK OF SKIATOOK SKIATOOK, OK 1987-01-15 13566 13988 4115
9 UMPQUA S&LA ROSEBURG, OR 1987-01-16 88486 108213 N/A
10 FIRST S&LA OF BURKBURNETT BURKBURNETT, TX 1987-01-16 74124 204538 N/A
11 NATIONAL BANK OF FREDERICK FREDERICK, OK 1987-01-22 22368 23821 10475
12 NORTH AMERICA S&LA SANTA ANNA, CA 1987-01-23 220504 220304 N/A
13 THE FIRST NATIONAL BANK OF MARLBOROUGH MARLBOROUGH, MA 1987-01-23 55881 60731 18654
14 FIRST SIERRA BANK BISHOP, CA 1987-01-23 22996 23227 4082
15 PEOPLES BANK & TRUST COMPANY HOLDENVILLE, OK 1987-01-29 18791 20176 5147
16 MONTGOMERY COUNTY BANK, N.A. THE WOODLANDS, TX 1987-01-29 47634 48494 13871
17 BEAR CREEK NATIONAL BANK BEAR CREEK, TX 1987-01-29 25970 26593 7540
18 THE FARMERS NATIONAL BANK OF REMINGTON REMINGTON, IN 1987-01-29 33499 34717 7767
19 FIRST STATE BANK OF PATTONSBURG PATTONBURG, MO 1987-01-29 5779 5915 1499
20 THE LA PRYOR STATE BANK LA PRYOR, TX 1987-01-29 5444 5695 1618
21 MARKET NATIONAL BANK DENVER, CO 1987-02-05 9377 8724 3644
22 SUNBELT NATIONAL BANK DALLAS, TX 1987-02-05 11780 11380 5049
23 BOULEVARD STATE BANK WICHITA, KS 1987-02-05 89631 102271 20129
24 STATE BANK OF ALLISON ALLISON, IA 1987-02-05 16993 17353 1511
25 COMMUNITY BANK SEILING, OK 1987-02-11 5373 5144 2407
26 SECURITY NATIONAL BANK MIDLAND, TX 1987-02-12 8813 8644 3712
27 FEDERATED NATIONAL BANK LIVE OAK, TX 1987-02-12 12392 13632 4904
28 FIRST CITY BANK OF ATOKA ATOKA, OK 1987-02-12 12450 11622 2483
29 THE COUNTY BANK MANATEE COUNTY, FL 1987-02-13 159572 187142 69120
30 LIFE SAVINGS OF AMERICA ROCKFORD, IL 1987-02-13 339245 342279 N/A
31 UNIVERSAL SA, FA CHICKASHA, OK 1987-02-13 87976 104554 N/A
32 FIRST STATE BANK OF KING CITY, MISSOURI KING CITY, MO 1987-02-13 14503 14457 5492
33 FIRST STATE BANK OF ATMORE ATMORE, AL 1987-02-19 12392 12365 N/A
34 HUB CITY BANK & TRUST COMPANY LAFAYETTE, LA 1987-02-20 38209 37978 12864
35 THE FIRST NATIONAL BANK OF WESLACO WESLACO, TX 1987-02-20 73170 70708 16026
36 FIRST NATIONAL BANK OF CROSBY CROSBY, TX 1987-02-26 8001 7797 2388
37 FARMERS STATE BANK HART, TX 1987-02-26 9594 9803 1246
38 KEY S&LA ENGLEWOOD, CO 1987-02-27 203684 241648 N/A
39 FIRST FS&LA OF BELOIT BELOIT, KS 1987-02-27 89654 82910 N/A
40 THE LEWISTOWN BANK LEWISTOWN, IL 1987-02-27 14938 15254 4167
41 THE FIRST STATE BANK ROCKFORD, IA 1987-03-04 15205 15754 1418
42 LIBERTY BANK HOUSTON, TX 1987-03-05 53860 57195 17480
43 FIRST NATIONAL BANK OF SAPULPA SAPULPA, OK 1987-03-05 7600 7460 2514
44 SEALY NATIONAL BANK SEALY, TX 1987-03-05 7586 7670 2162
45 FIRST NATIONAL BANK IN WEST CONCORD WEST CONCORD, MN 1987-03-05 8741 9068 1385
46 EXPRESSWAY BANK OKLAHOMA CITY, OK 1987-03-12 20059 19089 5834
47 WESTERN BANK EL PASO, TX 1987-03-12 46082 46701 13489
48 PLAZA NATIONAL BANK DEL RIO, TX 1987-03-12 33068 34250 17986
49 THE FIRST NATIONAL BANK OF OLNEY OLNEY, TX 1987-03-12 17340 16684 2475
50 VICTOR S&LA MUSKOGEE, OK 1987-03-13 505320 601315 N/A
51 BEAVER CREEK STATE BANK BEAVER CREEK, MN 1987-03-13 7149 7269 964
52 UNITED OKLAHOMA BANK OKLAHOMA CITY, OK 1987-03-17 121959 171925 39633
53 PERPETUAL SB LOS ANGELES, CA 1987-03-18 59674 62462 N/A
54 SWEENEY BANK SWEENEY, TX 1987-03-19 20071 19669 5951
55 CLARKS FORK NATIONAL BANK FROMBERG, MT 1987-03-19 8159 8423 1194
56 RED RIVER NATIONAL BANK IN CLARKSVILLE CLARKSVILLE, TX 1987-03-19 23367 22829 5309
57 VERNON S&LA VERNON, TX 1987-03-20 1582967 1347012 N/A
58 THE MADILL BANK & TRUST COMPANY MADILL, OK 1987-03-20 39050 39630 11324
59 NEW CITY BANK ORANGE, CA 1987-03-20 25847 26049 5556
60 FIRST FS&LA HAGERSTOWN, MD 1987-03-20 124677 95719 N/A
61 FIRST SOUTHERN SA PASCAGOULA, MS 1987-03-20 57202 47063 N/A
62 MOROCCO STATE BANK MOROCCO, IN 1987-03-20 15779 16299 1710
63 THE FIRST STATE BANK IN BILLINGS BILLINGS, OK 1987-03-26 10308 10151 1162
64 EQUITABLE S&LA STANTON, CA 1987-03-27 83722 58927 N/A
65 TALLULAH STATE BANK & TRUST COMP TALLULAH, LA 1987-03-27 31357 31136 11925
66 THE FIRST NATIONAL BANK OF HERINGTON HERINGTON, KS 1987-04-02 19866 20742 4928
67 DEER LODGE BANK & TRUST COMPANY DEER LODGE, MT 1987-04-09 14148 15166 2957
68 THE SOUTHWESTERN BANK, N.A. HOUSTON, TX 1987-04-09 14541 14704 5390
69 COMMONWEALTH BANK GLENDALE, CO 1987-04-09 7696 7799 481
70 FIRST NATIONAL BANK OF BRAMAN BRAMAN, OK 1987-04-09 11728 12218 4834
71 BANK OF IRON COUNTY PAROWAN, UT 1987-04-10 19467 19827 3752
72 FUTURE S&LA ALBANY, OR 1987-04-10 57710 57614 N/A
73 THE CITIZENS STATE BANK BROWNSTOWN, IN 1987-04-10 27725 29049 1316
74 FIRST COMMERCIAL BANK OF TEXAS, HOUSTON, TX 1987-04-16 4685 4400 1898
75 FIRST BANK OF SAGINAW SAGINAW, TX 1987-04-16 29945 30622 8320
76 FIRST STATE BANK OF FOREST CITY FOREST CITY, MO 1987-04-16 6830 6457 1756
77 SOUTHERN FLORIDABANC SA BOCA RATON, FL 1987-04-16 256578 219068 N/A
78 THE PEOPLES BANK COLLINSVILLE, AL 1987-04-22 11899 11896 934
79 THE BANK OF NORTH MISSISSIPPI OAKLAND, MS 1987-04-22 13820 14452 2720
80 OSCEOLA STATE BANK & TRUST COMPANY OSCEOLA, IA 1987-04-23 7693 8590 1583
81 NORTH CENTRAL NATIONAL BANK AUSTIN, TX 1987-04-23 23093 23388 11466
82 LIBERTY FS&LA LEESVILLE, LA 1987-04-24 150687 134936 N/A
83 HERITAGE BANK & TRUST SALT LAKE COUNTY, UT 1987-04-29 16225 17640 N/A
84 UNITEDBANK-HOUSTON HOUSTON, TX 1987-04-30 183389 217304 110841
85 PEOPLES STATE BANK TURKEY, TX 1987-04-30 5837 5789 1313
86 AMERICAN BANK OF COMMERCE DENVER, CO 1987-05-06 24587 25504 10933
87 NORTH AMERICAN NATIONAL BANK LITTLETON, CO 1987-05-07 9008 9516 3795
88 FIRST STATE BANK OF SISSETON SISSETON, SD 1987-05-07 19350 20058 4479
89 MOREAUVILLE STATE BANK MOREAUVILLE, LA 1987-05-08 16917 16813 3080
90 FARMERS STATE BANK MADDOCK, ND 1987-05-08 11675 11864 1118
91 THE FIRST NATIONAL BANK OF ELBOW LAKE ELBOW LAKE, MN 1987-05-14 15712 14157 7717
92 UNITED BANK LIBBY, MT 1987-05-14 14434 15369 1718
93 TODD COUNTY STATE BANK LONG PRAIRIE, MN 1987-05-14 15150 15410 2357
94 MARLIN NATIONAL BANK MARLIN, TX 1987-05-14 43669 39566 12746
95 LIBERTY S&LA NEW PORT RICHEY, FL 1987-05-15 115467 98688 N/A
96 INDEPENDENT AMERICAN SA IRVING, TX 1987-05-20 1392604 1014023 N/A
97 LAKE AUSTIN NATIONAL BANK AUSTIN, TX 1987-05-21 43348 43698 14074
98 TEXAS INVESTMENT BANK, N.A. HOUSTON, TX 1987-05-21 15268 17088 7966
99 BANK OF OAK GROVE OAK GROVE, LA 1987-05-21 23551 24019 5966
100 TEXAS NATIONAL BANK-WESTHEIMER HOUSTON, TX 1987-05-28 26420 26342 18143
101 FIRST NATIONAL BANK OF WILMONT WILMONT, MN 1987-05-29 11777 13330 2005
102 UNITED BANK OF TEXAS AUSTIN, TX 1987-06-04 190365 208352 62407
103 THE FIRST STATE BANK FRISCO, TX 1987-06-04 43477 43341 10328
104 THE BENTON STATE BANK BENTON, KS 1987-06-11 8750 9417 2972
105 NORTHWEST COMMERCIAL BANK, N.A. HOUSTON, TX 1987-06-11 14457 14201 4686
106 FIRST STATE BANK MILFORD, TX 1987-06-11 6869 7304 1938
107 SECURITY SAVINGS ASSOCIATION TEXARKANA, TX 1987-06-11 478652 429813 N/A
108 WHITTIER THRIFT & LOAN WHITTIER, CA 1987-06-12 14409 15206 3263
109 HAMILTON COUNTY STATE BANK LOCKLAND, OH 1987-06-12 11524 13762 N/A
110 FRONTIER S&LA FAIRBANKS, AK 1987-06-12 7990 7408 N/A
111 FIRST MIDWEST BANK MARYVILLE, MO 1987-06-18 25691 25620 1813
112 INVESTORS FEDERAL BANK EL RENO, OK 1987-06-18 96314 97509 N/A
113 PELICAN STATE BANK MANSFIELD, LA 1987-06-24 7026 7188 3375
114 SOUTH DENVER NATIONAL BANK GLENDALE, CO 1987-06-25 61812 59565 21110
115 EIGHTY NINER BANK OF COYLE COYLE, OK 1987-06-25 5995 6583 1529
116 LIBERTY BANK & TRUST COMPANY GREENWOOD, LA 1987-06-26 12236 12588 5197
117 LANESBORO STATE BANK LANESBORO, MN 1987-06-26 10974 11391 2321
118 UNITED FS&LA DURANT, OK 1987-06-29 78169 89797 N/A
119 BANK OF BRAZORIA BRAZORIA, TX 1987-07-02 23989 24475 3732
120 CITIZENS BANK BRYAN, TX 1987-07-02 44269 46400 13834
121 FIRST CONTINENTAL BK OF ROCKRIMMON, N.A. COLORADO SPRINGS, CO 1987-07-09 5737 6598 4144
122 RED OAK STATE BANK RED OAK, TX 1987-07-09 42459 44373 6635
123 BANK OF LOS GATOS, N.A. LOS GATOS, CA 1987-07-23 12893 13149 1294
124 FREEDOM S&LA TAMPA, FL 1987-07-23 1241839 1892038 N/A
125 FARMERS & MERCHANTS BANK EUFAULA, OK 1987-07-23 13920 11499 3546
126 EMPIRE NATIONAL BANK LOS ANGELES, CA 1987-07-30 9626 8847 3133
127 BANK OF GRANITE GRANITE, OK 1987-07-30 13192 13164 2759
128 FARMERS STATE BANK KANAWHA, IA 1987-07-30 15347 15870 2389
129 THE FIRST NATIONAL BANK OF YUKON YUKON, OK 1987-07-30 41938 40285 8810
130 SECURITY STATE BANK ROOSEVELT, OK 1987-08-06 16694 15197 8952
131 ACADIA S&LA CROWLEY, LA 1987-08-06 162237 159902 N/A
132 FRENCH MARKET HOMESTEAD METAIRE, LA 1987-08-06 302663 321057 N/A
133 THE SECURITY STATE BANK DAVENPORT, OK 1987-08-06 8756 9365 3629
134 BAYSHORE BANK OF FLORIDA MIAMI, FL 1987-08-07 40337 41485 6701
135 FIRST STATE BANK BLANCHARD, OK 1987-08-13 21892 23607 12059
136 THE FIRST NATIONAL BANK OF LUTHER LUTHER, OK 1987-08-13 17600 17113 9594
137 THE FIRST NATIONAL BANK OF NAVASOTA NAVASOTA, TX 1987-08-13 31027 31679 8224
138 MCNULTY BANKING COMPANY ST. PETERSBURG, FL 1987-08-14 53185 56604 6799
139 FIRST SAVINGS OF LA LA PLACE, LA 1987-08-19 44616 33647 N/A
140 AMERICAN EXCHANGE BANK & TRUST CO NORMAN, OK 1987-08-20 95808 87778 40571
141 THE FIRST STATE BANK WILLOW, OK 1987-08-20 6216 6696 1463
142 AMERICAN NATIONAL BANK OF EVANSTON EVANSTON, WY 1987-08-20 8892 9092 4043
143 SUNBELT FS&LA WATONGA, OK 1987-08-20 60137 65532 N/A
144 PEOPLE'S STATE BANK OF MAZEPPA MAZEPPA, MN 1987-08-21 20186 21613 4867
145 BANK OF NORTH AMERICA HOUSTON, TX 1987-08-27 31165 34537 10212
146 CITIZENS BANK OF GLENDALE DENVER, CO 1987-08-27 4036 4384 406
147 ROCKY MOUNTAIN STATE BANK SALT LAKE CITY, UT 1987-08-28 17864 18567 3000
148 THE FIRST NATIONAL BANK OF TIPTON TIPTON, OK 1987-09-03 7248 8218 4422
149 THE FIRST NATIONAL BANK OF HAMMON HAMMON, OK 1987-09-03 5751 6271 1579
150 WAXAHACHIE BANK & TRUST COMPANY WAXAHACHIE, TX 1987-09-10 66215 68874 21731
151 LA MARQUE BANK LA MARQUE, TX 1987-09-10 6168 6311 1022
152 CENTRAL NATIONAL BANK OF NEW YORK NEW YORK, NY 1987-09-11 174715 180796 58682
153 FIRST STATE BANK OF ROLLINGSTONE ROLLINGSTONE, MN 1987-09-11 14440 15230 3044
154 THE TALMAGE STATE BANK TALMAGE, KS 1987-09-17 6650 6669 1295
155 MUSTANG NATIONAL BANK MUSTANG, OK 1987-09-17 11521 12091 2682
156 STEEPLECHASE NATIONAL BANK HOUSTON, TX 1987-09-17 14217 15889 3657
157 BREAUX BRIDGE BANK & TRUST COMPANY BREAUX BRIDGE, LA 1987-09-17 29821 22475 13847
158 PHENIX FS&LA PHENIX CITY, AL 1987-09-18 235485 225532 N/A
159 STOCKMEN'S BANK & TRUST COMPANY GILLETTE, WY 1987-09-18 111895 117429 41107
160 FIRST FS&LA WEST MONROE, LA 1987-09-19 182374 149486 N/A
161 THE MAYFIELD STATE BANK, MAYFIELD MAYFIELD, KS 1987-09-24 5814 6793 2440
162 THE CITIZENS BANK DRUMRIGHT, OK 1987-09-24 33370 35121 14623
163 THE MURDOCK STATE BANK MURDOCK, KS 1987-09-24 8025 9157 2063
164 COMMONWEALTH BANK TORRANCE, CA 1987-09-25 83784 85059 16679
165 VALLEY STATE BANK LOS ANGELES, CA 1987-09-28 92026 93209 2233
166 SECURITY STATE BANK OXFORD, NE 1987-10-01 11674 12195 1767
167 WESTERN BANK-WESTHEIMER HOUSTON, TX 1987-10-01 256071 260560 96315
168 CLAY COUNTY STATE BANK DILWORTH, MN 1987-10-01 9852 10057 1095
169 WESTERN BANK-WESTWOOD, N.A. HOUSTON, TX 1987-10-01 42598 44196 11622
170 WESTERN BANK-NORTH WILCREST, N.A HOUSTON, TX 1987-10-01 40632 41055 12896
171 STATE BANK OF GREENWALD GREENWALD, MN 1987-10-02 19888 23318 4328
172 CITIZENS BANK OF KREBS KREBS, OK 1987-10-08 13795 14688 5330
173 UNITED SERVICES BANK HARTSHORNE, OK 1987-10-08 14214 15327 5653
174 THE FIRST NATIONAL BANK OF BRUSH BRUSH, CO 1987-10-08 21020 20927 3317
175 AMERICAN NATIONAL BANK OF AFTON AFTON, WY 1987-10-15 11203 11361 2219
176 FIRST CALIFORNIA SAVINGS BANK SAN FERNANDO, CA 1987-10-15 224045 220564 N/A
177 CITIZENS BANK OF RAY RAY, ND 1987-10-15 11332 11720 1883
178 YANKEE BANK FOR FINANCE & SAVING BOSTON, MA 1987-10-16 488318 525481 63568
179 TOPEKA SAVINGS ASSOCIATION TOPEKA, KS 1987-10-20 104521 112482 N/A
180 PIONEER BANK OF FOUNTAIN FOUNTAIN, CO 1987-10-21 12223 12668 1124
181 ALASKA NATIONAL BANK OF THE NORTH FAIRBANKS, AK 1987-10-22 200240 203074 34285
182 FIRST STATE BANK OF BOVINA BOVINA, TX 1987-10-22 17367 20057 N/A
183 NEW WORLD NATIONAL BANK PITTSBURGH, PA 1987-10-22 14786 14685 2106
184 WESTERN NATIONAL BANK BRYAN, TX 1987-10-22 23845 22675 8917
185 SIERRA S&LA GARDNERVILLE, NV 1987-10-23 12828 12061 N/A
186 AMERICAN SECURITY BANK NORTH PLATTE, NE 1987-10-30 26453 27124 3737
187 DELTA PACIFIC BANK PITTSBURG, CA 1987-10-30 16969 17732 1337
188 CAPITAL BANK & TRUST CO. BATON ROUGE, LA 1987-10-30 343386 384440 55545
189 MIDDLE PARK BANK GRANBY, CO 1987-11-10 33015 34917 14932
190 TRI-STATE NATIONAL BANK BELLE FOURCHE, SD 1987-11-10 10722 10728 1839
191 BANK OF WINTER PARK WINTER PARK, CO 1987-11-10 22689 24429 13904
192 TRI-COUNTY S&LA CAMDEN, NJ 1987-11-13 46220 36501 N/A
193 WEST TEXAS STATE BANK OF CANYON CANYON, TX 1987-11-13 20036 20440 3294
194 THE ALEXANDER STATE BANK ALEXANDER, KS 1987-11-19 9377 9224 2260
195 THE TIMKEN STATE BANK TIMKEN, KS 1987-11-19 3117 3075 1272
196 REPUBLIC BANK OKLAHOMA CITY, OK 1987-11-19 57283 49129 22958
197 THE PEOPLES BANK AND TRUST OF IBERIA PARIS NEW IBERIA, LA 1987-11-19 76325 79081 9073
198 THE FARMERS NATIONAL BANK OF CORDELL CORDELL, OK 1987-12-03 60260 62300 33554
199 STATE BANK OF COMMERCE SLIDELL, LA 1987-12-03 48634 49171 14194
200 CLIMBING HILL SAVINGS BANK CLIMBING HILL, IA 1987-12-03 5315 5399 646
201 MADISON BANK & TRUST COMPANY RICHMOND, LA 1987-12-03 9807 9747 3150
202 CROFTON STATE BANK CROFTON, NE 1987-12-03 10844 11619 1748
203 STATE BANK OF JANSEN JANSEN, NE 1987-12-03 4596 5010 264
204 FIRST STATE BANK OAKDALE, NE 1987-12-03 5386 5634 500
205 THE PEOPLES BANK OLIVE HILL, KY 1987-12-03 39461 40946 7609
206 CENTER STATE BANK CENTER, NE 1987-12-03 8049 8406 1612
207 AMERICAN BANK IN LOUISIANA MORGAN CITY, LA 1987-12-10 14620 15028 3959
208 LOUISIANA BANK & TRUST COMPANY CROWLEY, LA 1987-12-10 21238 18489 7816
209 BANCFIRST-AUSTIN, N.A. AUSTIN, TX 1987-12-10 28035 25253 14067
210 HERITAGE NATIONAL BANK AUSTIN, TX 1987-12-10 50960 53227 19497
211 THE FIRST NATIONAL BANK IN RHOME RHOME, TX 1987-12-10 9335 9243 1918
212 FIRST INTERSTATE BANK OF ALASKA ANCHORAGE, AK 1987-12-11 358945 367655 104386
213 LEWIS AND CLARK STATE BANK LAKE OSWEGO, OR 1987-12-11 19839 20261 2453
214 AMERICAN BANK OF COMMERCE LAKE CHARLES, LA 1987-12-17 36212 35450 4337
215 USBANK DENTON, TX 1987-12-17 84757 86046 19618
216 BANK OF MABANK MABANK, TX 1987-12-17 44507 43846 9660
217 FIRST STATE BANK AT SHOSHONI SHOSHONI, WY 1987-12-18 4144 4555 1110

     
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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.