Each depositor insured to at least $250,000 per insured bank

The list of Bank Failures in Brief is updated through May 18, 2012. Please address questions on this subject to the Customer Service Hotline (Telephone: 1-888-206-4662).

May

Alabama Trust Bank, National Association (N.A.), Sylacauga, AL with approximately $51.6 million in total assets and $45.1 million in total deposits was closed. Southern States Bank has agreed to assume all deposits excluding certain brokered deposits.
(PR-057-2012)

Security Bank, National Association (N.A.), North Lauderdale, FL with approximately $101.0 million in total assets and $99.1 million in total deposits was closed. Banesco USA has agreed to assume all deposits.
(PR-052-2012)

April

Palm Desert National Bank, Palm Desert, CA with approximately $125.8 million in total assets and $122.8 million in total deposits was closed. Pacific Premier Bank has agreed to assume all deposits excluding certain brokered deposits.
(PR-050-2012)

Plantation Federal Bank, Pawleys Island, SC with approximately $486.4 million in total assets and $440.5 million in total deposits was closed. First Federal Bank has agreed to assume all deposits.
(PR-049-2012)

Inter Savings Bank, fsb D/B/A InterBank, fsb, Maple Grove, MN with approximately $481.6 million in total assets and $473.0 million in total deposits was closed. Great Southern Bank has agreed to assume all deposits.
(PR-048-2012)

HarVest Bank of Maryland, Gaithersburg, MD with approximately $164.3 million in total assets and $145.5 million in total deposits was closed. Sonabank has agreed to assume all deposits.
(PR-047-2012)

Bank of the Eastern Shore, Cambridge, MD with approximately $166.7 million in total assets and $154.5 million in total deposits was closed. To protect the insured depositors, the FDIC created the Deposit Insurance National Bank (DINB) of Eastern Shore, Cambridge, MD which will remain open until May 25, 2012.
(PR-046-2012)

Fort Lee Federal Savings Bank, FSB, Fort Lee, NJ with approximately $51.9 million in total assets and $50.7 million in total deposits was closed. Alma Bank has agreed to assume all deposits.
(PR-043-2012)

March

New City Bank, Chicago, IL with approximately $71.2 million in total assets and $72.4 million in total deposits was closed. The FDIC has approved the payout of the insured deposits of Home Savings of America.
(PR-029-2012)

Global Commerce Bank, Doraville, GA with approximately $143.7 million in total assets and $116.8 million in total deposits was closed. Metro City Bank has agreed to assume all deposits.
(PR-025-2012)

February

Home Savings of America, Little Falls, MN with approximately $434.1 million in total assets and $432.2 million in total deposits was closed. The FDIC has approved the payout of the insured deposits of Home Savings of America.
(PR-022-2012)

Central Bank of Georgia, Ellaville, GA with approximately $278.9 million in total assets and $266.6 million in total deposits was closed. Ameris Bank has agreed to assume all deposits.
(PR-021-2012)

SCB Bank, Shelbyville, IN with approximately $182.6 million in total assets and $171.6 million in total deposits was closed. First Merchants Bank, National Association has agreed to assume all deposits excluding certain brokered deposits.
(PR-018-2012)

January

BankEast, Knoxville, TN with approximately $272.6 million in total assets and $268.8 million in total deposits was closed. U.S. Bank National Association (N.A.) has agreed to assume all deposits.
(PR-013-2012)

Patriot Bank Minnesota, Forest Lake, MN with approximately $111.3 million in total assets and $108.3 million in total deposits was closed. First Resource Bank has agreed to assume all deposits.
(PR-012-2012)

Tennessee Commerce Bank, Franklin, TN with approximately $1.185 billion in total assets and $1.156 billion in total deposits was closed. Republic Bank & Trust Company has agreed to assume all deposits excluding certain brokered deposits.
(PR-011-2012)