Bank Failures in Brief – 2012
There were 51 bank failures in 2012. 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 | 7 | 4 | 5 | 6 | 2 | 7 | 8 | 1 | 3 | 4 | 3 | 1 |
| Total Assets (Millions) | 2,582.4 | 989.5 | 1,397.5 | 1,476.7 | 152.6 | 1,161.1 | 1,153.7 | 88.9 | 826.6 | 909.9 | 1,274.1 | 42.8 |
| Bank Name, City, ST | Press Release (PR) |
Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| December | |||||
| Community Bank of the Ozarks, Sunrise Beach, MO | PR-146-2012 | December 14, 2012 | $42.8 | $41.9 | Bank of Sullivan has agreed to assume all deposits. |
| NovemberBack to top | |||||
| Hometown Community Bank, Braselton, GA | PR-134-2012 | November 16, 2012 | $124.6 | $108.9 | CertusBank, National Association has agreed to assume all deposits. |
| Citizens First National Bank, Princeton, IL | PR-128-2012 | November 2, 2012 | $924.0 | $869.4 | Heartland Bank and Trust Company has agreed to assume all deposits. |
| Heritage Bank of Florida, Lutz, FL | PR-127-2012 | November 2, 2012 | $225.5 | $223.3 | Centennial Bank has agreed to assume all deposits. |
| OctoberBack to top | |||||
| NOVA Bank, Berwyn, PA | PR-123-2012 | October 26, 2012 | $483.0 | $432.2 | The FDIC has approved the payout of the insured deposits of NOVA Bank. |
| Excel Bank, Sedalia, MO | PR-120-2012 | October 19, 2012 | $200.6 | $187.4 | Simmons First National Bank has agreed to assume all deposits. |
| First East Side Savings Bank, Tamarac, FL | PR-119-2012 | October 19, 2012 | $67.2 | $65.9 | Stearns Bank National Association, has agreed to assume all deposits. |
| GulfSouth Private Bank, Destin, FL | PR-118-2012 | October 19, 2012 | $159.1 | $151.1 | SmartBank has agreed to assume all deposits. |
| SeptemberBack to top | |||||
| First United Bank, Crete, IL | PR-113-2012 | September 28, 2012 | $328.4 | $316.9 | Old Plank Trail Community Bank, National Association has agreed to assume all deposits. |
| Truman Bank, Saint Louis, MO | PR-106-2012 | September 14, 2012 | $282.3 | $245.7 | Simmons First National Bank has agreed to assume all deposits excluding certain brokered deposits. |
| First Commercial Bank, Bloomington, MN | PR-104-2012 | September 7, 2012 | $215.9 | $206.8 | Republic Bank & Trust Company has agreed to assume all deposits. |
| AugustBack to top | |||||
| Waukegan Savings Bank, Waukegan, IL | PR-090-2012 | August 3, 2012 | $88.9 | $77.5 | First Midwest Bank has agreed to assume all deposits. |
| JulyBack to top | |||||
| Jasper Banking Company, Jasper, GA | PR-089-2012 | July 27, 2012 | $216.7 | $213.1 | Stearns Bank National Association, has agreed to assume all deposits excluding certain brokered deposits. |
| Second Federal Savings and Loan Association of Chicago, Chicago, IL | PR-086-2012 | July 20, 2012 | $199.1 | $175.9 | Hinsdale Bank & Trust Company has agreed to assume all deposits. |
| Heartland Bank, Leawood, KS | PR-085-2012 | July 20, 2012 | $110.0 | $102.6 | Metcalf Bank has agreed to assume all deposits. |
| First Cherokee State Bank, Woodstock, GA | PR-084-2012 | July 20, 2012 | $222.7 | $193.3 | Community & Southern Bank has agreed to assume all deposits. |
| Georgia Trust Bank, Buford, GA | PR-083-2012 | July 20, 2012 | $119.8 | $117.4 | Community & Southern Bank has agreed to assume all deposits excluding certain brokered deposits. |
| The Royal Palm Bank of Florida, Naples, FL | PR-082-2012 | July 20, 2012 | $87.0 | $85.1 | First National Bank of the Gulf Coast has agreed to assume all deposits. |
| Glasgow Savings Bank, Glasgow, MO | PR-081-2012 | July 13, 2012 | $24.8 | $24.2 | Regional Missouri Bank has agreed to assume all deposits. |
| Montgomery Bank & Trust, Ailey, GA | PR-080-2012 | July 6, 2012 | $173.6 | $164.4 | Ameris Bank has agreed to assume all deposits excluding certain brokered deposits. |
| JuneBack to top | |||||
| The Farmers Bank of Lynchburg, Lynchburg, TN | PR-71-2012 | June 15, 2012 | $163.9 | $156.4 | Clayton Bank and Trust has agreed to assume all deposits. |
| Security Exchange Bank, Marietta, GA | PR-070-2012 | June 15, 2012 | $151.0 | $147.9 | Fidelity Bank has agreed to assume all deposits. |
| Putnam State Bank, Palatka, FL | PR-069-2012 | June 15, 2012 | $169.5 | $160.0 | Harbor Community Bank has agreed to assume all deposits. |
| Waccamaw Bank, Whiteville, NC | PR-067-2012 | June 8, 2012 | $533.1 | $472.7 | First Community Bank has agreed to assume all deposits excluding certain brokered deposits. |
| Farmers and Traders State Bank, Shabbona, IL | PR-066-2012 | June 8, 2012 | $43.1 | $42.3 | First State Bank has agreed to assume all deposits. |
| Carolina Federal Savings Bank, Charleston, SC | PR-065-2012 | June 8, 2012 | $54.4 | $53.1 | Bank of North Carolina has agreed to assume all deposits. |
| First Capital Bank, Kingfisher, OK | PR-064-2012 | June 8, 2012 | $46.1 | $44.8 | F & M Bank has agreed to assume all deposits. |
| MayBack to top | |||||
| Alabama Trust Bank, National Association, Sylacauga, AL | PR-057-2012 | May 18, 2012 | $51.6 | $45.1 | Southern States Bank has agreed to assume all deposits excluding certain brokered deposits. |
| Security Bank, National Association, North Lauderdale, FL | PR-052-2012 | May 4, 2012 | $101.0 | $99.1 | Banesco USA has agreed to assume all deposits. |
| AprilBack to top | |||||
| Palm Desert National Bank, Palm Desert, CA | PR-050-2012 | April 27, 2012 | $125.8 | $122.8 | Pacific Premier Bank has agreed to assume all deposits excluding certain brokered deposits. |
| Plantation Federal Bank, Pawleys Island, SC | PR-049-2012 | April 27, 2012 | $486.4 | $440.5 | First Federal Bank has agreed to assume all deposits. |
| Inter Savings Bank, fsb D/B/A InterBank, fsb, Maple Grove, MN | PR-048-2012 | April 27, 2012 | $481.6 | $473.0 | Great Southern Bank has agreed to assume all deposits. |
| HarVest Bank of Maryland, Gaithersburg, MD | PR-047-2012 | April 27, 2012 | $164.3 | $145.5 | Sonabank has agreed to assume all deposits. |
| Bank of the Eastern Shore, Cambridge, MD | PR-046-2012 | April 27, 2012 | $166.7 | $154.5 | To protect the insured depositors, the FDIC created the Deposit Insurance National Bank (DINB) of Eastern Shore, Cambridge, MD which will remain open until May 25, 2012. |
| Fort Lee Federal Savings Bank, FSB, Fort Lee, NJ | PR-043-2012 | April 20, 2012 | $51.9 | $50.7 | Alma Bank has agreed to assume all deposits. |
| MarchBack to top | |||||
| Fidelity Bank, Dearborn, MI | PR-038-2012 | March 30, 2012 | $818.2 | $747.6 | The Huntington National Bank has agreed to assume all deposits. |
| Covenant Bank & Trust, Rock Spring, GA | PR-032-2012 | March 23, 2012 | $95.7 | $90.6 | Stearns Bank National Association, has agreed to assume all deposits. |
| Premier Bank, Wilmette, IL | PR-033-2012 | March 23, 2012 | $268.7 | $199.0 | International Bank of Chicago has agreed to assume all deposits. |
| New City Bank, Chicago, IL | PR-029-2012 | March 9, 2012 | $71.2 | $72.4 | The FDIC has approved the payout of the insured deposits of New City Bank. |
| Global Commerce Bank, Doraville, GA | PR-025-2012 | March 2, 2012 | $143.7 | $116.8 | Metro City Bank has agreed to assume all deposits. |
| FebruaryBack to top | |||||
| Home Savings of America, Little Falls, MN | PR-022-2012 | February 24, 2012 | $434.1 | $432.2 | The FDIC has approved the payout of the insured deposits of Home Savings of America. |
| Central Bank of Georgia, Ellaville, GA | PR-021-2012 | February 24, 2012 | $278.9 | $266.6 | Ameris Bank has agreed to assume all deposits. |
| SCB Bank, Shelbyville, IN | PR-018-2012 | February 10, 2012 | $182.6 | $171.6 | First Merchants Bank, National Association has agreed to assume all deposits excluding certain brokered deposits. |
| Charter National Bank and Trust, Hoffman Estates, IL | PR-017-2012 | February 10, 2012 | $93.9 | $89.5 | Barrington Bank & Trust Company, National Association has agreed to assume all deposits. |
| JanuaryBack to top | |||||
| BankEast, Knoxville, TN | PR-013-2012 | January 27, 2012 | $272.6 | $268.8 | U.S. Bank National Association, has agreed to assume all deposits. |
| Patriot Bank Minnesota, Forest Lake, MN | PR-012-2012 | January 27, 2012 | $111.3 | $108.3 | First Resource Bank has agreed to assume all deposits. |
| Tennessee Commerce Bank, Franklin, TN | PR-011-2012 | January 27, 2012 | $1,185.0 | $1,156.0 | Republic Bank & Trust Company has agreed to assume all deposits excluding certain brokered deposits. |
| First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, FL | PR-010-2012 | January 27, 2012 | $377.9 | $349.5 | CenterState Bank of Florida, National Association has agreed to assume all deposits excluding certain brokered deposits. |
| American Eagle Savings Bank, Boothwyn, PA | PR-007-2012 | January 20, 2012 | $19.6 | $17.7 | Capital Bank, National Association, has agreed to assume all deposits excluding certain brokered deposits. |
| The First State Bank, Stockbridge, GA | PR-006-2012 | January 20, 2012 | $536.9 | $527.5 | Hamilton State Bank has agreed to assume all deposits excluding certain brokered deposits. |
| Central Florida State Bank, Belleview, FL | PR-005-2012 | January 20, 2012 | $79.1 | $77.7 | CenterState Bank of Florida, National Association, has agreed to assume all deposits excluding certain brokered deposits. |