Bank Failures in Brief – 2019
There were 4 bank failures in 2019. 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 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 2 | 1 | 0 |
| Total Assets (Millions) | 0 | 0 | 0 | 0 | 36.7 | 0 | 0 | 0 | 0 | 56.8 | 120.6 | 0 |
| Bank Name, City, ST | Press Release (PR) |
Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| November | |||||
| City National Bank of New Jersey, Newark, NJ | PR-101-2019 | November 1, 2019 | $120.6 | $111.2 | Industrial Bank has agreed to assume all deposits. |
| October | |||||
| Resolute Bank, Maumee, OH | PR-097-2019 | October 25, 2019 | $27.1 | $26.2 | Buckeye State Bank has agreed to assume all deposits. |
| Louisa Community Bank, Louisa, KY | PR-096-2019 | October 25, 2019 | $29.7 | $26.5 | Kentucky Farmers Bank Corporation has agreed to assume all deposits. |
| May | |||||
| The Enloe State Bank, Cooper, TX | PR-046-2019 | May 31, 2019 | $36.7 | $31.3 | Legend Bank, N.A. has agreed to assume the insured deposits. |