Bank Failures in Brief
There have been 4 bank failures in 2017. The list of Bank Failures in Brief is updated through April 28, 2017, the date of the last bank closing. Please address questions on this subject to the Customer Service Hotline (Telephone: 1-888-206-4662).
- First NBC Bank, New Orleans, LA with approximately $4.74 billion in total assets and $3.54 billion in total deposits closed. Whitney Bank agreed to assume the transactional deposits (approximately $1.6 billion), and to purchase approximately $1 billion of the failed bank's assets. The FDIC mailed checks for the time deposits (CDs and IRAs) and retained the remaining assets for later disposition.
- Proficio Bank, Cottonwood Heights, UT with approximately $68.2 million in total assets and $65.0 million in total deposits closed. Cache Valley Bank has agreed to assume all deposits.
- Seaway Bank and Trust Company, Chicago, IL with approximately $361.2 million in total assets and $307.1 million in total deposits was closed. State Bank of Texas has agreed to assume all deposits.
- Harvest Community Bank, Pennsville, NJ with approximately $126.4 million in total assets and $123.8 million in total deposits was closed. First-Citizens Bank & Trust Company has agreed to assume all deposits.