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Federal Deposit
Insurance Corporation

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

Bank Failures in Brief – 2013

There were 24 bank failures in 2013. See detailed descriptions below.

The graph shows there were 24 bank failures in 2013. Bank Failures in January 2013 Bank Failures in February 2013 Bank Failures in March 2013 Bank Failures in April 2013 Bank Failures in May 2013 Bank Failures in June 2013 Bank Failures in August 2013 Bank Failures in September 2013 Bank Failures in October 2013 Bank Failures in December 2013

Please select the buttons below for other years' information.

2013 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 2 1 1 6 4 2 0 4 2 1 0 1
Total Assets (Millions) 147.9 58.4 258.8 720.5 248.3 457.5 0 898.4 3,126.3 25.5 0 160.1

2013 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
December
Texas Community Bank, National Association, The Woodlands, TX PR-118-2013 December 13, 2013 $160.1 $142.6 Spirit of Texas Bank, SSB has agreed to assume all deposits.
October
Bank of Jackson County, Graceville, FL PR-097-2013 October 30, 2013 $25.5 $25.0 First Federal Bank of Florida has agreed to assume all deposits.
SeptemberBack to top
First National Bank, Edinburg, TX PR-083-2013 September 13, 2013 $3,100.0 $2,300.0 PlainsCapital Bank has agreed to assume all deposits.
The Community's Bank, Bridgeport, CT PR-082-2013 September 13, 2013 $26.3 $25.7 The FDIC has approved the payout of the insured deposits of The Community's Bank.
August
Sunrise Bank of Arizona, Phoenix, AZ PR-073-2013 August 23, 2013 $202.2 $196.9 First Fidelity Bank, National Association has agreed to assume all deposits.
Community South Bank, Parsons, TN PR-072-2013 August 23, 2013 $386.9 $377.7 CB&S Bank, Inc. has agreed to assume all deposits and $121.7 million of the assets.
Bank of Wausau, Wausau, WI PR-071-2013 August 9, 2013 $43.6 $40.7 Nicolet National Bank has agreed to assume all deposits.
First Community Bank of Southwest Florida, Fort Myers, FL, also operating as Community Bank of Cape Coral, Cape Coral, FL PR-069-2013 August 2, 2013 $265.7 $254.2 C1 Bank has agreed to assume all deposits.
JuneBack to top
Mountain National Bank, Sevierville, TN PR-050-2013 June 7, 2013 $437.3 $373.4 First Tennessee Bank, National Association has agreed to assume all deposits excluding certain brokered deposits.
1st Commerce Bank, North Las Vegas, NV PR-049-2013 June 6, 2013 $20.2 $19.6 Plaza Bank has agreed to assume all deposits.
May
Banks of Wisconsin, which did business as Bank of Kenosha, Kenosha, WI PR-046-2013 May 31, 2013 $134.0 $127.6 North Shore Bank, FSB has agreed to assume all deposits excluding certain brokered deposits.
Central Arizona Bank, Scottsdale, AZ PR-040-2013 May 14, 2013 $31.6 $30.8 Western State Bank has agreed to assume all deposits.
Sunrise Bank, Valdosta, GA PR-038-2013 May 10, 2013 $60.8 $57.8 Synovus Bank has agreed to assume all deposits.
Pisgah Community Bank, Asheville, NC PR-037-2013 May 10, 2013 $21.9 $21.2 Capital Bank, N.A. has agreed to assume all deposits.
AprilBack to top
Douglas County Bank, Douglasville, GA PR-034-2013 April 26, 2013 $316.5 $314.3 Hamilton State Bank has agreed to assume all deposits.
Parkway Bank, Lenoir, NC PR-033-2013 April 26, 2013 $108.6 $103.7 CertusBank, National Association has agreed to assume all deposits.
Chipola Community Bank, Marianna, FL PR-030-2013 April 19, 2013 $39.2 $37.6 First Federal Bank of Florida has agreed to assume all deposits.
Heritage Bank of North Florida, Orange Park, FL PR-029-2013 April 19, 2013 $110.9 $108.5 FirstAtlantic Bank has agreed to assume all deposits.
First Federal Bank, Lexington, KY PR-028-2013 April 19, 2013 $100.1 $93.9 Your Community Bank has agreed to assume all deposits.
Gold Canyon Bank, Gold Canyon, AZ PR-026-2013 April 5, 2013 $45.2 $44.2 First Scottsdale Bank, National Association, has agreed to assume all deposits.
MarchBack to top
Frontier Bank, LaGrange, GA PR-018-2013 March 8, 2013 $258.8 $224.1 HeritageBank of the South has agreed to assume all deposits.
February
Covenant Bank, Chicago, IL PR-010-2013 February 15, 2013 $58.4 $54.2 Liberty Bank and Trust Company has agreed to assume all deposits excluding certain brokered deposits.
January
1st Regents Bank, Andover, MN PR-005-2013 January 18, 2013 $50.2 $49.1 First Minnesota Bank has agreed to assume all deposits.
Westside Community Bank, University Place, WA PR-002-2013 January 11, 2013 $97.7 $96.5 Sunwest Bank has agreed to assume all deposits.

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