2002 Summary by Month
(Approximate asset dollar volume based on figures from the press releases)
| Months | Dec | Nov | Sep | Jun | Jun | Mar | Mar | Feb | Feb | Jan | Jan |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank Failures | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Approx. Asset (Millions) | 37.00 | 69.40 | 12.00 | 51.60 | 398.60 | 19.00 | 34.70 | 700.00 | 72.30 | 10.80 | 1300.00 |
| Bank Name | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|
| Farmers Bank & Trust of Cheneyville, Cheneyville, LA | $37.0 | $33.1 | Sabine State Bank and Trust Company, Many, LA agreed to assume all insured deposit accounts.(BIF) |
| Bank Name | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|
| Bank of Alamo, Alamo, TN | $69.4 | $55.3 | The FDIC has approved the payout of the insured deposits of Bank of Alamo. (BIF) |
| Bank Name | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|
| AmTrade International Bank, Atlanta, GA | $12.0 | $10.2 | The FDIC has approved the payout of the insured deposits of AmTrade International Bank. (BIF) |
| Bank Name | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|
| Universal Federal Savings Bank, Chicago, IL | $51.6 | $40.0 | Chicago Community Bank, Chicago, IL agreed to assume all deposits. (SAIF) |
|
| Connecticut Bank of Commerce, Stamford, CT | $398.6 | $323.7 | Hudson United Bank, Mahwah, NJ agreed to assume all insured deposit accounts. (BIF) |
| Bank Name | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|
| New Century Bank, Shelby Township, MI | $19.0 | $18.0 | The FDIC has approved the payout of the insured deposits of New Century Bank. (BIF) |
|
| Net First National Bank, Boca Raton, FL | $34.7 | $23.9 | Bank Leumi USA of New York, NY agreed to assume all deposits. (BIF) |
| Bank Name | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|
| NextBank, NA, Phoenix, AZ | $700.0 | $554.0 | The FDIC has approved the payout of the insured deposits of NextBank, N.A. (BIF) |
|
| Oakwood Deposit Bank Co., Oakwood, OH | $72.3 | $60.2 | The State Bank and Trust Company of Defiance, OH agreed to assume all insured deposit accounts. (BIF) |
| Bank Name | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|
| Bank of Sierra Blanca, Sierra Blanca, TX | $10.8 | $9.8 | The Security State Bank of Pecos, Pecos, TX greed to assume all insured deposit accounts. (BIF) |
|
| Hamilton Bank, N.A., Miami, FL | $1,300.0 | $1,200.0 | Israel Discount Bank of New York, New York, NY greed to assume all insured deposit accounts. (BIF) |