Bank Failures in Brief – 2020
There were 4 bank failures in 2020. See detailed descriptions below.
Please select the buttons below for other years' information.
| 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 |
| 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. |