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Bank Failures in Brief – 2020

There were 4 bank failures in 2020. See detailed descriptions below.

Todate, there were no bank failures in 2020. Bank Failures in February 2020 Bank Failures in April 2020 Bank Failures in October 2020

Please select the buttons below for other years' information.


2020 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 1 0 1 0 0 0 0 0 2 0 0
Total Assets (Millions) 0 100.9 0 152.4 0 0 0 0 0 204.7 0 0

2020 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
October
Almena State Bank, Almena, KS PR-119-2020 October 23, 2020 $70.0 $68.7 Equity Bank has agreed to assume all deposits.
First City Bank of Florida, Fort Walton Beach, FL PR-112-2020 October 16, 2020 $134.7 $131.4 United Fidelity Bank, fsb has agreed to assume all deposits.
April
The First State Bank, Barboursville, WV PR-046-2020 April 3, 2020 $152.4 $139.5 MVB Bank has agreed to assume all deposits excluding certain brokered deposits.
February
Ericson State Bank, Ericson, NE PR-011-2020 February 14, 2020 $100.9 $95.2 Farmers and Merchants Bank has agreed to assume all deposits.

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