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Banks Acquiring Failed Banks

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ALL 2009 Banks 2008 Banks Big Banks Medium Banks Small Banks

Banks with assets between $100 million and $1 billion

# 311

Failed Bank	:	Sunrise Bank of Arizona - Phoenix, Arizona
Date Closed	:	August 23, 2013
Assets	:	$202.2 million
Deposits	:	$196.9 million

Acquiring Bank	:	First Fidelity Bank, National Association - Oklahoma City, Oklahoma
Assets Purchased	:	$202.2 million
Deposits Purchased	:	$196.9 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$17.0 million

Notes

As of June 30, 2013, Sunrise Bank of Arizona had approximately $202.2 million in total assets and $196.9 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Fidelity Bank, National Association agreed to purchase essentially all of the assets.

# 310

Failed Bank	:	Community South Bank - Parsons, Tennessee
Date Closed	:	August 23, 2013
Assets	:	$386.9 million
Deposits	:	$377.7 million

Acquiring Bank	:	CB&S Bank, Inc - Russellville, Alabama
Assets Purchased	:	$121.7 million
Deposits Purchased	:	$377.7 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$72.5 million

Notes

As of June 30, 2013, Community South Bank had approximately $386.9 million in total assets and $377.7 million in total deposits. In addition to assuming all of the deposits of the failed bank, CB&S Bank, Inc. agreed to purchase approximately $121.7 million of the failed bank?s assets. The FDIC will retain the remaining assets for later disposition.

# 309

Failed Bank	:	First Community Bank of Southwest Florida - Fort Myers, Florida
Date Closed	:	August 02, 2013
Assets	:	$265.7 million
Deposits	:	$254.2 million

Acquiring Bank	:	C1 Bank - Saint Petersburg, Florida
Assets Purchased	:	$265.7 million
Deposits Purchased	:	$254.2 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$27.1 million

Notes

As of March 31, 2013, First Community Bank of Southwest Florida had approximately $265.7 million in total assets and $254.2 million in total deposits.

# 308

Failed Bank	:	Mountain National Bank, Sevierville - Sevierville, Tennessee
Date Closed	:	June 07, 2013
Assets	:	$437.3 million
Deposits	:	$373.4 million

Acquiring Bank	:	First Tennessee Bank, National Association - Memphis, Tennessee
Assets Purchased	:	$437.3 million
Deposits Purchased	:	$373.4 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$33.5 million

Notes

As of March 31, 2013, Mountain National Bank had approximately $437.3 million in total assets and $373.4 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Tennessee Bank, National Association agreed to purchase essentially all of the failed bank's assets.

# 307

Failed Bank	:	Banks of Wisconsin - Kenosha, Wisconsin
Date Closed	:	May 31, 2013
Assets	:	$134.0 million
Deposits	:	$127.6 million

Acquiring Bank	:	North Shore Bank, FSB - Brookfield, Wisconsin
Assets Purchased	:	$97.4 million
Deposits Purchased	:	$127.6 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$26.3 million

Notes

As of March 31, 2013, Banks of Wisconsin had approximately $134.0 million in total assets and $127.6 million in total deposits. In addition to assuming all of the deposits of the failed bank, North Shore Bank, FSB agreed to purchase approximately $97.4 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

# 306

Failed Bank	:	Douglas County Bank - Douglasville, Georgia
Date Closed	:	April 26, 2013
Assets	:	$316.5 million
Deposits	:	$314.3 million

Acquiring Bank	:	Hamilton State Bank - Hoschton, Georgia
Assets Purchased	:	$260.9 million
Deposits Purchased	:	$314.3 million
Premium paid for acquiring deposits	:	0.5 percent
Loss Sharing Agreement with FDIC for assets	:	$159.2 million
Cost to the Deposit Insurance Fund	:	$86.4 million

Notes

As of December 31, 2012, Douglas County Bank had approximately $316.5 million in total assets and $314.3 million in total deposits. Hamilton State Bank will pay the FDIC a premium of 0.5 percent to assume all of the deposits of Douglas County Bank. In addition to assuming all of the deposits of the failed bank, Hamilton State Bank agreed to purchase approximately $260.9 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

# 305

Failed Bank	:	Parkway Bank - Lenoir, North Carolina
Date Closed	:	April 26, 2013
Assets	:	$108.6 million
Deposits	:	$103.7 million

Acquiring Bank	:	CertusBank, National Association - Easley, South Carolina
Assets Purchased	:	$99.2 million
Deposits Purchased	:	$103.7 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$18.1 million

Notes

As of December 31, 2012, Parkway Bank had approximately $108.6 million in total assets and $103.7 million in total deposits. In addition to assuming all of the deposits of the failed bank, CertusBank, N.A. agreed to purchase approximately $99.2 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

# 304

Failed Bank	:	Heritage Bank of North Florida - Orange Park, Florida
Date Closed	:	April 19, 2013
Assets	:	$110.9 million
Deposits	:	$108.5 million

Acquiring Bank	:	FirstAtlantic Bank - Jacksonville, Florida
Assets Purchased	:	$110.9 million
Deposits Purchased	:	$108.5 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$30.2 million

Notes

As of December 31, 2012, Heritage Bank of North Florida had approximately $110.9 million in total assets and $108.5 million in total deposits. In addition to assuming all of the deposits of the failed bank, FirstAtlantic Bank agreed to purchase essentially all of the assets.

# 303

Failed Bank	:	First Federal Bank - Lexington, Kentucky
Date Closed	:	April 19, 2013
Assets	:	$100.1 million
Deposits	:	$93.9 million

Acquiring Bank	:	Your Community Bank - New Albany, Indiana
Assets Purchased	:	$100.1 million
Deposits Purchased	:	$93.9 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$9.7 million

Notes

As of December 31, 2012, First Federal Bank had approximately $100.1 million in total assets and $93.9 million in total deposits. In addition to assuming all of the deposits of the failed bank, Your Community Bank agreed to purchase essentially all of the assets.

# 302

Failed Bank	:	Frontier Bank - LaGrange, Georgia
Date Closed	:	March 08, 2013
Assets	:	$258.8 million
Deposits	:	$224.1 million

Acquiring Bank	:	HeritageBank of the South - Albany, Georgia
Assets Purchased	:	$258.8 million
Deposits Purchased	:	$224.1 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	51.6 million

Notes

As of December 31, 2012, Frontier Bank had approximately $258.8 million in total assets and $224.1 million in total deposits. In addition to assuming all of the deposits of the failed bank, HeritageBank of the South agreed to purchase essentially all of the assets.