Number of Banks Failed in 2012

51

Monthly Bank Failures in 2008-2013

     
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Yearly Failed Banks List
2013 2012 2011 2010 2009 2008
Historical Bank Failures(Since 1934)
1931 1932 1933 1934 1935 1936 1937 1938 1939 1940
1941 1942 1943 1944 1945 1946 1947 1948 1949 1950
1951 1952 1953 1954 1955 1956 1957 1958 1959 1960
1961 1962 1963 1964 1965 1966 1967 1968 1969 1970
1971 1972 1973 1974 1975 1976 1977 1978 1979 1980
1981 1982 1983 1984 1985 1986 1987 1988 1989 1990
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
2001 2002 2003 2004 2005 2006 2007
Failed Banks Map
Map 2013 Map 2012 Map 2011 Map 2010 Map 2009 Map 2008 Map Since 2008
Asset-wise List
Acquiring Banks Big Banks Medium Banks Small Banks
     

# Bank Location Date Closed Assets Deposits FDIC Cost
51 Community Bank of the Ozarks Sunrise Beach,MO December 14, 2012 $42.8 million $41.9 million $10.4 million
50 Hometown Community Bank Braselton,GA November 16, 2012 $124.6 million $108.9 million $36.7 million
49 Citizens First National Bank Princeton,IL November 02, 2012 $924.0 million $869.4 million $45.2 million
48 Heritage Bank of Florida Lutz,FL November 02, 2012 $225.5 million $223.3 million $65.5 million
47 NOVA Bank Berwyn,PA October 26, 2012 $483.0 million $432.2 million $91.2 million
46 Excel Bank Sedalia,MO October 19, 2012 $200.6 million $187.4 million $40.9 million
45 First East Side Savings Bank Tamarac,FL October 19, 2012 $67.2 million $65.9 million $9.1 million
44 GulfSouth Private Bank Destin,FL October 19, 2012 $159.1 million $151.1 million $36.1 million
43 First United Bank Crete,IL September 28, 2012 $328.4 million $316.9 million $48.6 million
42 Truman Bank St. Louis,MO September 14, 2012 $282.3 million $245.7 million $34.0 million
41 First Commercial Bank Bloomington,MN September 07, 2012 $215.9 million $206.8 million $63.9 million
40 Waukegan Savings Bank Waukegan,IL August 03, 2012 $88.9 million $77.5 million $19.8 million
39 Jasper Banking Company Jasper,GA July 27, 2012 $216.7 million $213.1 million $58.1 million
38 Second Federal Savings and Loan Association of Chicago Chicago,IL July 20, 2012 $199.1 million $175.9 million $76.9 million
37 Heartland Bank Leawood,KS July 20, 2012 $110.0 million $102.6 million $54.3 million
36 First Cherokee State Bank Woodstock,GA July 20, 2012 $222.7 million $193.3 million $36.9 million
35 Georgia Trust Bank Buford,GA July 20, 2012 $119.8 million $117.4 million $20.9 million
34 The Royal Palm Bank of Florida Naples,FL July 20, 2012 $87.0 million $85.1 million $13.5 million
33 Glasgow Savings Bank Glasgow,MO July 13, 2012 $24.8 million $24.2 million $0.1 million
32 Montgomery Bank & Trust Ailey,GA July 06, 2012 $173.6 million $164.4 million $75.2 million
31 The Farmers Bank of Lynchburg Lynchburg,TN June 15, 2012 $163.9 million $156.4 million $28.3 million
30 Security Exchange Bank Marietta,GA June 15, 2012 $151.0 million $147.9 million $34.3 million
29 Putnam State Bank Palatka,FL June 15, 2012 $169.5 million $160.0 million $37.4 million
28 Waccamaw Bank Whiteville,NC June 08, 2012 $533.1 million $472.7 million $51.1 million
27 Farmers and Traders State Bank Shabbona,IL June 08, 2012 $43.1 million $42.3 million $8.9 million
26 Carolina Federal Savings Bank Charleston,SC June 08, 2012 $54.4 million $53.1 million $15.2 million
25 First Capital Bank Kingfisher,OK June 08, 2012 $46.1 million $44.8 million $5.6 million
24 Alabama Trust Bank, National Association Sylacauga,AL May 18, 2012 $51.6 million $45.1 million $8.9 million
23 Security Bank, National Association North Lauderdale,FL May 04, 2012 $101.0 million $99.1 million $10.8 million
22 Palm Desert National Bank Palm Desert,CA April 27, 2012 $125.8 million $122.8 million $20.1 million
21 Plantation Federal Bank Pawleys Island,SC April 27, 2012 $486.4 million $440.5 million $76.0 million
20 Inter Savings Bank, fsb D/B/A InterBank Maple Grove,MN April 27, 2012 $481.6 million $473.0 million $117.5 million
19 HarVest Bank of Maryland Gaithersburg,MD April 27, 2012 $164.3 million $145.5 million $17.2 million
18 Bank of the Eastern Shore Cambridge,MD April 27, 2012 $166.7 million $154.5 million $41.8 million
17 Fort Lee Federal Savings Bank, FSB Fort Lee,NJ April 20, 2012 $51.9 million $50.7 million $14.0 million
16 Fidelity Bank Dearborn,MI March 30, 2012 $818.2 million $747.6 million $92.8 million
15 Premier Bank Wilmette,IL March 23, 2012 $268.7 million $199.0 million $64.1 million
14 Covenant Bank & Trust Rock Spring,GA March 23, 2012 $95.7 million $90.6 million $31.5 million
13 New City Bank Chicago, IL March 09, 2012 $71.2 million $72.4 million $17.4 million
12 Global Commerce Bank Doraville,GA March 02, 2012 $143.7 million $116.8 million $17.9 million
11 Home Savings of America Little Falls,MN February 24, 2012 $434.1 million $432.2 million $38.8 million
10 Central Bank of Georgia Ellaville,GA February 24, 2012 $278.9 million $266.6 million $67.5 million
9 SCB Bank Shelbyville,IN February 10, 2012 $182.6 million $171.6 million $33.9 million
8 Charter National Bank and Trust Hoffman Estates,IL February 10, 2012 $93.9 million $89.5 million $17.4 million
7 BankEast Knoxville,TN January 27, 2012 $272.6 million $268.8 million $75.6 million
6 Patriot Bank Minnesota Forest Lake,MN January 27, 2012 $111.3 million $108.3 million $32.6 million
5 Tennessee Commerce Bank Franklin,TN January 27, 2012 $1.185 billion $1.156 billion $416.8 million
4 First Guaranty Bank and Trust Company of Jacksonville Jacksonville,FL January 27, 2012 $377.9 million $349.5 million $82.0 million
3 American Eagle Savings Bank Boothwyn,PA January 20, 2012 $19.6 million $17.7 million $3.2 million
2 The First State Bank Stockbridge,GA January 20, 2012 $536.9 million $527.5 million $216.2 million
1 Central Florida State Bank 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.