Bank Failures in Brief – 2003
There were 3 bank failures in 2003. See detailed descriptions below.
Please select the buttons below for other years' information.
| Months | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank Failures | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Assets (Millions) | 0 | 1,000.0 | 0 | 0 | 35.0 | 0 | 0 | 0 | 0 | 0 | 10.2 | 0 |
| Bank Name, City, ST | Press Release (PR) |
Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| November | |||||
| Pulaski Savings Bank, Philadelphia, PA | PR-107-2003 | November 14, 2003 | $10.2 | $9.2 | Earthstar Bank, South Hampton, PA agreed to assume all deposits. (BIF**) |
| May | |||||
| First National Bank of Blanchardville, Blanchardville, WI | PR-47-2003 PR-48-2003 |
May 9, 2003 | $35.0 | $29.0 | The Park Bank, Madison, WI agreed to assume all deposits. (BIF**) |
| February | |||||
| Southern Pacific Bank, Torrance, CA | PR-11-2003 | February 7, 2003 | $1,000.0 | $864.7 | Beal Bank of Plano, TX agreed to assume all deposits. (BIF**) |
*SAIF = Savings Association Insurance Fund **BIF = Bank Insurance Fund