2014 in Brief
There were 18 bank failures in 2014. See detailed descriptions below.
For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.
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2014 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 | 3 | 2 | 0 | 1 | 3 | 3 | 2 | 0 | 0 | 2 | 1 | 1 |
| Total Assets (Millions) | $546.5 | $193.8 | $0 | $54.5 | $242.9 | $561.0 | $241.9 | $0 | $0 | $1,142.6 | $86.4 | $18.8 |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) |
Approx. Deposit (Millions) |
Acquirer & Transaction |
|---|---|---|---|---|---|
| December Back to the Top | |||||
| Northern Star Bank, Mankato, MN | PR-112-2014 | December 19, 2014 | $18.8 | $18.2 | BankVista has agreed to assume all deposits. |
| November Back to the Top | |||||
| Frontier Bank, FSB, D/B/A El Paseo Bank, Palm Desert, CA | PR-097-2014 | November 7, 2014 | $86.4 | $82.1 | Bank of Southern California, N.A. has agreed to assume all deposits. |
| October Back to the Top | |||||
| The National Republic Bank of Chicago, Chicago, IL | PR-089-2014 | October 24, 2014 | $954.4 | $915.3 | State Bank of Texas has agreed to assume all deposits excluding certain brokered deposits. |
| NBRS Financial, Rising Sun, MD | PR-085-2014 | October 17, 2014 | $188.2 | $183.1 | Howard Bank has agreed to assume all deposits. |
| July Back to the Top | |||||
| GreenChoice Bank, fsb, Chicago, IL | PR-062-2014 | July 25, 2014 | $72.9 | $71.0 | Providence Bank, LLC has agreed to assume all deposits. |
| Eastside Commercial Bank, Conyers, GA | PR-058-2014 | July 18, 2014 | $169.0 | $161.6 | Community & Southern Bank has agreed to assume all deposits. |
| June Back to the Top | |||||
| The Freedom State Bank, Freedom, OK | PR-050-2014 | June 27, 2014 | $22.8 | $20.9 | Alva State Bank & Trust Company has agreed to assume all deposits. |
| Valley Bank, Fort Lauderdale, FL | PR-048-2014 | June 20, 2014 | $81.8 | $66.5 | Landmark Bank, National Association has agreed to assume all deposits. |
| Valley Bank, Moline, IL | PR-047-2014 | June 20, 2014 | $456.4 | $360.0 | Great Southern Bank has agreed to assume all deposits. |
| May Back to the Top | |||||
| Slavie Federal Savings Bank, Bel Air, MD | PR-041-2014 | May 30, 2014 | $140.1 | $111.1 | Bay Bank, FSB has agreed to assume all deposits. |
| Columbia Savings Bank, Cincinnati, OH | PR-036-2014 | May 23, 2014 | $36.5 | $29.5 | United Fidelity Bank, fsb has agreed to assume all deposits. |
| AztecAmerica Bank, Berwyn, IL | PR-034-2014 | May 16, 2014 | $66.3 | $65.0 | Republic Bank of Chicago has agreed to assume all deposits. |
| April Back to the Top | |||||
| Allendale County Bank, Fairfax, SC | PR-031-2014 | April 25, 2014 | $54.5 | $51.0 | Palmetto State Bank has agreed to assume all deposits. |
| February Back to the Top | |||||
| Vantage Point Bank, Horsham, PA | PR-017-2014 | February 28, 2014 | $63.5 | $62.5 | First Choice Bank has agreed to assume all deposits. |
| Millennium Bank, National Association, Sterling, VA | PR-016-2014 | February 28, 2014 | $130.3 | $121.7 | WashingtonFirst Bank has agreed to assume all deposits. |
| January Back to the Top | |||||
| Syringa Bank, Boise, ID | PR-007-2014 | January 31, 2014 | $153.4 | $145.1 | Sunwest Bank has agreed to assume all deposits excluding certain brokered deposits. |
| The Bank of Union, El Reno, OK | PR-005-2014 | January 24, 2014 | $331.4 | $328.8 | BancFirst has agreed to assume all deposits excluding certain brokered deposits. |
| DuPage National Bank, West Chicago, IL | PR-004-2014 | January 17, 2014 | $61.7 | $59.6 | Republic Bank of Chicago has agreed to assume all deposits. |