Bank Failures in Brief – 2013
There were 24 bank failures in 2013. 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 | 2 | 1 | 1 | 6 | 4 | 2 | 0 | 4 | 2 | 1 | 0 | 1 |
| Total Assets (Millions) | 147.9 | 58.4 | 258.8 | 720.5 | 248.3 | 457.5 | 0 | 898.4 | 3,126.3 | 25.5 | 0 | 160.1 |
| Bank Name, City, ST | Press Release (PR) |
Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| December | |||||
| Texas Community Bank, National Association, The Woodlands, TX | PR-118-2013 | December 13, 2013 | $160.1 | $142.6 | Spirit of Texas Bank, SSB has agreed to assume all deposits. |
| October | |||||
| Bank of Jackson County, Graceville, FL | PR-097-2013 | October 30, 2013 | $25.5 | $25.0 | First Federal Bank of Florida has agreed to assume all deposits. |
| SeptemberBack to top | |||||
| First National Bank, Edinburg, TX | PR-083-2013 | September 13, 2013 | $3,100.0 | $2,300.0 | PlainsCapital Bank has agreed to assume all deposits. |
| The Community's Bank, Bridgeport, CT | PR-082-2013 | September 13, 2013 | $26.3 | $25.7 | The FDIC has approved the payout of the insured deposits of The Community's Bank. |
| August | |||||
| Sunrise Bank of Arizona, Phoenix, AZ | PR-073-2013 | August 23, 2013 | $202.2 | $196.9 | First Fidelity Bank, National Association has agreed to assume all deposits. |
| Community South Bank, Parsons, TN | PR-072-2013 | August 23, 2013 | $386.9 | $377.7 | CB&S Bank, Inc. has agreed to assume all deposits and $121.7 million of the assets. |
| Bank of Wausau, Wausau, WI | PR-071-2013 | August 9, 2013 | $43.6 | $40.7 | Nicolet National Bank has agreed to assume all deposits. |
| First Community Bank of Southwest Florida, Fort Myers, FL, also operating as Community Bank of Cape Coral, Cape Coral, FL | PR-069-2013 | August 2, 2013 | $265.7 | $254.2 | C1 Bank has agreed to assume all deposits. |
| JuneBack to top | |||||
| Mountain National Bank, Sevierville, TN | PR-050-2013 | June 7, 2013 | $437.3 | $373.4 | First Tennessee Bank, National Association has agreed to assume all deposits excluding certain brokered deposits. |
| 1st Commerce Bank, North Las Vegas, NV | PR-049-2013 | June 6, 2013 | $20.2 | $19.6 | Plaza Bank has agreed to assume all deposits. |
| May | |||||
| Banks of Wisconsin, which did business as Bank of Kenosha, Kenosha, WI | PR-046-2013 | May 31, 2013 | $134.0 | $127.6 | North Shore Bank, FSB has agreed to assume all deposits excluding certain brokered deposits. |
| Central Arizona Bank, Scottsdale, AZ | PR-040-2013 | May 14, 2013 | $31.6 | $30.8 | Western State Bank has agreed to assume all deposits. |
| Sunrise Bank, Valdosta, GA | PR-038-2013 | May 10, 2013 | $60.8 | $57.8 | Synovus Bank has agreed to assume all deposits. |
| Pisgah Community Bank, Asheville, NC | PR-037-2013 | May 10, 2013 | $21.9 | $21.2 | Capital Bank, N.A. has agreed to assume all deposits. |
| AprilBack to top | |||||
| Douglas County Bank, Douglasville, GA | PR-034-2013 | April 26, 2013 | $316.5 | $314.3 | Hamilton State Bank has agreed to assume all deposits. |
| Parkway Bank, Lenoir, NC | PR-033-2013 | April 26, 2013 | $108.6 | $103.7 | CertusBank, National Association has agreed to assume all deposits. |
| Chipola Community Bank, Marianna, FL | PR-030-2013 | April 19, 2013 | $39.2 | $37.6 | First Federal Bank of Florida has agreed to assume all deposits. |
| Heritage Bank of North Florida, Orange Park, FL | PR-029-2013 | April 19, 2013 | $110.9 | $108.5 | FirstAtlantic Bank has agreed to assume all deposits. |
| First Federal Bank, Lexington, KY | PR-028-2013 | April 19, 2013 | $100.1 | $93.9 | Your Community Bank has agreed to assume all deposits. |
| Gold Canyon Bank, Gold Canyon, AZ | PR-026-2013 | April 5, 2013 | $45.2 | $44.2 | First Scottsdale Bank, National Association, has agreed to assume all deposits. |
| MarchBack to top | |||||
| Frontier Bank, LaGrange, GA | PR-018-2013 | March 8, 2013 | $258.8 | $224.1 | HeritageBank of the South has agreed to assume all deposits. |
| February | |||||
| Covenant Bank, Chicago, IL | PR-010-2013 | February 15, 2013 | $58.4 | $54.2 | Liberty Bank and Trust Company has agreed to assume all deposits excluding certain brokered deposits. |
| January | |||||
| 1st Regents Bank, Andover, MN | PR-005-2013 | January 18, 2013 | $50.2 | $49.1 | First Minnesota Bank has agreed to assume all deposits. |
| Westside Community Bank, University Place, WA | PR-002-2013 | January 11, 2013 | $97.7 | $96.5 | Sunwest Bank has agreed to assume all deposits. |