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Federal Deposit
Insurance Corporation

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

Bank Failures in Brief

2003

There were 3 bank failures in 2003. The list of Bank Failures in Brief was updated through November 14, 2003, 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

November 14 (BIF)
Pulaski Savings Bank, Philadelphia, Pennsylvania with  total deposits of approximately $9.2 million and total assets of about $10.2 million, was assumed by Earthstar Bank, South Hampton, Pennsylvania.  (PR-107-2003)

May 9 (BIF)
First National Bank of Blanchardville, Blanchardville, Wisconsin, with  total deposits of approximately $29 million and total assets of about $35 million, was assumed by The Park Bank, Madison, Wisconsin.  (PR-47-2003; PR-48-2003)

February 7 (BIF)
Southern Pacific Bank of Torrance, California, with  total deposits of approximately $865 million and total assets of about $916 million, was assumed by Beal Bank of Plano, Texas.  (PR-11-2003)



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