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Federal Deposit
Insurance Corporation

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

Bank Failures in Brief – 2012

There were 51 bank failures in 2012. See detailed descriptions below.

The graph shows there were 51 bank failures in 2012. Closings in Januaryy 2012 Closings in Januaryy 2012 Closings in February 2012 Bank Failures in March 2012 Bank Failures in March 2012 Bank Failures in April 2012 Bank Failures in April 2012 Bank Failures in May 2012 Bank Failures in June 2012 Bank Failures in June 2012 Bank Failures in July 2012 Bank Failures in July 2012 Bank Failures in August 2012 Bank Failures in September 2012 Bank Failures in October 2012 Bank Failures in November 2012 Bank Failures in December 2012

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2012 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 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

2012 Bank Failure Details
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.

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