Bank Failures in Brief – 2020
There were 2 bank failures in 2020. See detailed descriptions below.
Please select the buttons below for other years' information.
|Total Assets (Millions)||0||100.9||0||152.4||0||0||0||0||0||0||0||0|
|Bank Name, City, ST||Press Release
|Closing Date||Approx. Asset
|Acquirer & Transaction|
|The First State Bank, Barboursville, WV||PR-046-2020||April 03, 2020||$152.4||$139.5||MVB Bank has agreed to assume all deposits excluding certain brokered deposits.|
|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.|