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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 – 2016

There were 5 bank failures in 2016. See detailed descriptions below.

The graph shows there were 5 bank failures in 2016. Bank Failures in March 2016 Bank Failures in April 2016 Bank Failures in May 2016 Bank Failures in August 2016 Bank Failures in September 2016

Please select the buttons below for other years' information.

2016 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 0 1 1 1 0 0 1 1 0 0 0
Total Assets (Millions) 0 0 67.1 20.7 103.3 0 0 21.4 66.3 0 0 0

2016 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
September
Allied Bank, Mulberry, AR PR-082-2016 September 23, 2016 $66.3 $64.7 Today's Bank has agreed to assume all deposits.
August
The Woodbury Banking Company, Woodbury, GA PR-069-2016 August 19, 2016 $21.4 $21.1 United Bank has agreed to assume all deposits.
May
First CornerStone Bank, King of Prussia, PA PR-038-2016 May 6, 2016 $103.3 $101.0 First-Citizens Bank & Trust Company has agreed to assume all deposits.
April
Trust Company Bank, Memphis, TN PR-034-2016 April 29, 2016 $20.7 $20.3 The Bank of Fayette County has agreed to assume all deposits.
March
North Milwaukee State Bank, Milwaukee, WI PR-020-2016 March 11, 2016 $67.1 $61.5 First-Citizens Bank & Trust Company has agreed to assume all deposits excluding certain brokered deposits.

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