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Bank Failures in Brief – 2020

There were 2 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

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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 0 0 0
Total Assets (Millions) 0 100.9 0 152.4 0 0 0 0 0 0 0 0

2020 Bank Failure Details
Bank Name, City, ST Press Release
(PR)
Closing Date Approx. Asset
(Millions)
Approx. Deposit
(Millions)
Acquirer & Transaction
April
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.
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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