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Bank Failures in Brief – 2003

There were 3 bank failures in 2003. See detailed descriptions below.

The graph shows there were 3 bank failures in 2003. Closings in February 2003 Bank Failures in May 2003 Bank Failures in November 2003

Please select the buttons below for other years' information.

2003 Summary by Month
(Approximate asset dollar volume based on figures from the press releases)
Months Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Bank Failures 0 1 0 0 1 0 0 0 0 0 1 0
Total Assets (Millions) 0 1,000.0 0 0 35.0 0 0 0 0 0 10.2 0

2003 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
November
Pulaski Savings Bank, Philadelphia, PA PR-107-2003 November 14, 2003 $10.2 $9.2 Earthstar Bank, South Hampton, PA agreed to assume all deposits. (BIF)
May
First National Bank of Blanchardville, Blanchardville, WI PR-47-2003
PR-48-2003
May 9, 2003 $35.0 $29.0 The Park Bank, Madison, WI agreed to assume all deposits. (BIF)
February
Southern Pacific Bank, Torrance, CA PR-11-2003 February 7, 2003 $1,000.0 $864.7 Beal Bank of Plano, TX agreed to assume all deposits. (BIF)


*BIF = Bank Insurance Fund *SAIF = Savings Association Insurance Fund

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