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Federal Deposit
Insurance Corporation

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

Bank Failures in Brief


There were 4 bank failures in 2001. The list of Bank Failures in Brief was updated through September 7, 2001, the date of the last bank closing. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).

BIF = Bank Insurance Fund
SAIF = Savings Association Insurance Fund

September 7 (BIF)
Sinclair National Bank, Gravette, Arkansas, with total assets of approximately $30.7 million and insured deposits of about $25.3 million, was assumed by Delta Trust and Bank, Parkdale, Arkansas. (PR-63-2001).

July 27 (SAIF)
The Federal Deposit Insurance Corporation today transferred the insured deposits and substantially all the assets of Superior Bank, FSB, Hinsdale, Illinois, to Superior Federal, FSB (New Superior), a newly chartered, full-service mutual savings bank. Superior Bank, with total assets of $2.3 billion and total deposits of $1.6 billion, was closed earlier today by the Office of Thrift Supervision, and the FDIC was named conservator (PR-52-2001).

May 3 (BIF)
The Malta National Bank, Malta, Ohio, with total deposits of approximately $8.8 million and total assets of $9.5 million, was assumed by North Valley Bank, Zanesville, Ohio (PR-32-2001).

February 2 (BIF)
First Alliance Bank Alliance Bank and Trust Company, Manchester, New Hampshire, with total assets of approximately $18.4 million and total deposits of about $17.5 million assumed by Southern New Hampshire Bank and Trust Company, Salem, New Hampshire (PR-11-2001).

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