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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 less than $100 million

# 108

Failed Bank	:	Bank of Jackson County - Graceville, Florida
Date Closed	:	October 30, 2013
Assets	:	$25.5 million
Deposits	:	$25.0 million

Acquiring Bank	:	First Federal Bank of Florida - Lake City, Florida
Assets Purchased	:	$23.1 million
Deposits Purchased	:	$25.0 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$5.1 million

Notes

As of June 30, 2013 Bank of Jackson County had approximately $25.5 million in total assets and $25.0 million in total deposits. In addition to assuming all of the deposits of Bank of Jackson County, First Federal Bank of Florida agreed to purchase approximately $23.1 million of the failed bank?s assets. The FDIC will retain the remaining assets for later disposition.

# 107

Failed Bank	:	The Community's Bank - Bridgeport, Connecticut
Date Closed	:	September 13, 2013
Assets	:	$26.3 million
Deposits	:	$25.7 million

Acquiring Bank	:	No Acquirer - -
Assets Purchased	:	-
Deposits Purchased	:	-
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$7.8 million

Notes

As of June 30, 2013, The Community's Bank had approximately $26.3 million in total assets and $25.7 million in total deposits. The amount of uninsured deposits will be determined once the FDIC obtains additional information from those customers.

# 106

Failed Bank	:	Bank of Wausau - Wausau, Wisconsin
Date Closed	:	August 09, 2013
Assets	:	$43.6 million
Deposits	:	$40.7 million

Acquiring Bank	:	Nicolet National Bank - Green Bay, Wisconsin
Assets Purchased	:	$29.9 million
Deposits Purchased	:	$40.7 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$13.5 million

Notes

As of June 30, 2013, Bank of Wausau had approximately $43.6 million in total assets and $40.7 million in total deposits. In addition to assuming all of the deposits of the failed bank, Nicolet National Bank agreed to purchase approximately $29.9 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

# 105

Failed Bank	:	1st Commerce Bank North Las Vegas NV - North Las Vegas, Nevada
Date Closed	:	June 06, 2013
Assets	:	$20.2 million
Deposits	:	$19.6 million

Acquiring Bank	:	Plaza Bank - Irvine, California
Assets Purchased	:	$20.2 million
Deposits Purchased	:	$19.6 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	$12.2 million
Cost to the Deposit Insurance Fund	:	$9.4 million

Notes

As of March 31, 2013, 1st Commerce Bank had approximately $20.2 million in total assets and $19.6 million in total deposits. In addition to assuming all of the deposits of the failed bank, Plaza Bank agreed to purchase essentially all of the failed bank's assets.

# 104

Failed Bank	:	Central Arizona Bank - Scottsdale, Arizona
Date Closed	:	May 14, 2013
Assets	:	$31.6 million
Deposits	:	$30.8 million

Acquiring Bank	:	Western State Bank - Devils Lake, North Dakota
Assets Purchased	:	$31.6 million
Deposits Purchased	:	$30.8 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$8.6 million

Notes

As of March 31, 2013, Central Arizona Bank had approximately $31.6 million in total assets and $30.8 million in total deposits. In addition to assuming all of the deposits of the failed bank, Western State Bank agreed to purchase essentially all of the failed bank?s assets.

# 103

Failed Bank	:	Sunrise Bank - Valdosta, Georgia
Date Closed	:	May 10, 2013
Assets	:	$60.8 million
Deposits	:	$57.8 million

Acquiring Bank	:	Synovus Bank - Columbus, Georgia
Assets Purchased	:	$13.2 million
Deposits Purchased	:	$57.8 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$17.3 million

Notes

As of March 31, 2013, Sunrise Bank had approximately $60.8 million in total assets and $57.8 million in total deposits. In addition to assuming all of the deposits of the failed bank, Synovus Bank agreed to purchase approximately $13.2 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

# 102

Failed Bank	:	Pisgah Community Bank - Asheville, North Carolina
Date Closed	:	May 10, 2013
Assets	:	$21.9 million
Deposits	:	$21.2 million

Acquiring Bank	:	Capital Bank, National Association - Rockville, Maryland
Assets Purchased	:	$19.8 million
Deposits Purchased	:	$21.2 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$8.9 million

Notes

As of March 31, 2013, Pisgah Community Bank had approximately $21.9 million in total assets and $21.2 million in total deposits. In addition to assuming all of the deposits of the failed bank, Capital Bank, National Association agreed to purchase approximately $19.8 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

# 101

Failed Bank	:	Chipola Community Bank - Marianna, Florida
Date Closed	:	April 19, 2013
Assets	:	$39.2 million
Deposits	:	$37.6 million

Acquiring Bank	:	First Federal Bank of Florida - Lake City, Florida
Assets Purchased	:	$39.2 million
Deposits Purchased	:	$37.6 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$10.3 million

Notes

As of December 31, 2012, Chipola Community Bank had approximately $39.2 million in total assets and $37.6 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Federal Bank of Florida agreed to purchase essentially all of the assets.

# 100

Failed Bank	:	Gold Canyon Bank - Gold Canyon, Arizona
Date Closed	:	April 05, 2013
Assets	:	$45.2 million
Deposits	:	$44.2 million

Acquiring Bank	:	First Scottsdale Bank, National Association - Scottsdale, Arizona
Assets Purchased	:	$45.2 million
Deposits Purchased	:	$44.2 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$11.2 million

Notes

As of December 31, 2012, Gold Canyon Bank had approximately $45.2 million in total assets and $44.2 million in total deposits. In addition to assuming all of the deposits of the failed bank, First Scottsdale Bank, National Association agreed to purchase essentially all of the assets.

# 99

Failed Bank	:	Covenant Bank - Chicago, Illinois
Date Closed	:	February 15, 2013
Assets	:	$58.4 million
Deposits	:	$54.2 million

Acquiring Bank	:	Liberty Bank and Trust Company - New Orleans, Louisiana
Assets Purchased	:	$58.4 million
Deposits Purchased	:	$54.2 million
Premium paid for acquiring deposits	:	-
Loss Sharing Agreement with FDIC for assets	:	-
Cost to the Deposit Insurance Fund	:	$21.8 million

Notes

As of December 31, 2012, Covenant Bank had approximately $58.4 million in total assets and $54.2 million in total deposits. In addition to assuming all of the deposits of the failed bank, Liberty Bank and Trust Company agreed to purchase essentially all of the assets.