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Federal Deposit
Insurance Corporation

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

Since 1933, no depositor has ever lost a penny of FDIC-insured funds

Bank Failures in Brief – 2014

There were 18 bank failures in 2014. See detailed descriptions below.

The graph shows there were 18 bank failures in 2014. Bank Failures in January 2014 Bank Failures in February 2014 Bank Failures in April 2014 Bank Failures in May 2014 Bank Failures in June 2014 Bank Failures in July 2014 Bank Failures in October 2014 Bank Failures in November 2014 Bank Failures in December 2014

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2014 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 3 2 0 1 3 3 2 0 0 2 1 1
Total Assets (Millions) 546.5 193.8 0 54.5 242.9 561.0 241.9 0 0 1,142.6 86.4 18.8

2014 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
December
Northern Star Bank, Mankato, MN PR-112-2014 December 19, 2014 $18.8 $18.2 BankVista has agreed to assume all deposits.
November
Frontier Bank, FSB, D/B/A El Paseo Bank, Palm Desert, CA PR-097-2014 November 7, 2014 $86.4 $82.1 Bank of Southern California, N.A. has agreed to assume all deposits.
October
The National Republic Bank of Chicago, Chicago, IL PR-089-2014 October 24, 2014 $954.4 $915.3 State Bank of Texas has agreed to assume all deposits excluding certain brokered deposits.
NBRS Financial, Rising Sun, MD PR-085-2014 October 17, 2014 $188.2 $183.1 Howard Bank has agreed to assume all deposits.
July
GreenChoice Bank, fsb, Chicago, IL PR-062-2014 July 25, 2014 $72.9 $71.0 Providence Bank, LLC has agreed to assume all deposits.
Eastside Commercial Bank, Conyers, GA PR-058-2014 July 18, 2014 $169.0 $161.6 Community & Southern Bank has agreed to assume all deposits.
JuneBack to top
The Freedom State Bank, Freedom, OK PR-050-2014 June 27, 2014 $22.8 $20.9 Alva State Bank & Trust Company has agreed to assume all deposits.
Valley Bank, Fort Lauderdale, FL PR-048-2014 June 20, 2014 $81.8 $66.5 Landmark Bank, National Association has agreed to assume all deposits.
Valley Bank, Moline, IL PR-047-2014 June 20, 2014 $456.4 $360.0 Great Southern Bank has agreed to assume all deposits.
May
Slavie Federal Savings Bank, Bel Air, MD PR-041-2014 May 30, 2014 $140.1 $111.1 Bay Bank, FSB has agreed to assume all deposits.
Columbia Savings Bank, Cincinnati, OH PR-036-2014 May 23, 2014 $36.5 $29.5 United Fidelity Bank, fsb has agreed to assume all deposits.
AztecAmerica Bank, Berwyn, IL PR-034-2014 May 16, 2014 $66.3 $65.0 Republic Bank of Chicago has agreed to assume all deposits.
AprilBack to top
Allendale County Bank, Fairfax, SC PR-31-2014 April 25, 2014 $54.5 $51.0 Palmetto State Bank has agreed to assume all deposits.
February
Vantage Point Bank, Horsham, PA PR-017-2014 February 28, 2014 $63.5 $62.5 First Choice Bank has agreed to assume all deposits.
Millennium Bank, National Association, Sterling, VA PR-016-2014 February 28, 2014 $130.3 $121.7 WashingtonFirst Bank has agreed to assume all deposits.
January
Syringa Bank, Boise, ID PR-007-2014 January 31, 2014 $153.4 $145.1 Sunwest Bank has agreed to assume all deposits excluding certain brokered deposits.
The Bank of Union, El Reno, OK PR-005-2014 January 24, 2014 $331.4 $328.8 BancFirst has agreed to assume all deposits excluding certain brokered deposits.
DuPage National Bank, West Chicago, IL PR-004-2014 January 17, 2014 $61.7 $59.6 Republic Bank of Chicago has agreed to assume all deposits.

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