When an FDIC insured bank fails, the FDIC will generally be appointed as the receiver. Generally, the FDIC will immediately solicit bids from other institutions interested in acquiring the bank. An acquisition can usually be arranged so that the failed bank will reopen as a branch of the acquiring bank before most customers realize what happened.

The number of bank failures has increased dramatically since 2008 but has declined over the past two years. During 2012, a total of 51 banks with $12.0 billion in assets failed, resulting in a loss to the FDIC of $2.5 billion. A total of 92 banks failed during 2011 resulting in a loss to the FDIC Deposit Insurance Fund of $7.22 billion. During 2010, a total of 157 banks failed, the most since 1992 when 181 were closed. Banking failures during 2010 cost the FDIC Deposit Insurance Fund $26 billion, bringing the fund balance to below zero. A total of 140 institutions failed during 2009 compared to only 25 during 2008. There were only 3 bank failures during all of 2007. No banks failed during 2005 and 2006.

The number of failed institutions for 2013 totals 2 bankS as of January 18, 2013. The cost to the FDIC Deposit Insurance Fund (DIF) for the 2 banking failures totals $30.8 million. Total assets of the failed bank amounted to $148 million.

Banking Failures Since 2008

Year Number of Bank Failures

2008 25

2009 140

2010 157

2011 92

2012 51

2013 2

Total 467

Ultimately, depositors are insured by the FDIC. The old standard coverage limit of $100,000 per depositor has been increased to $250,000 due to turmoil in the financial markets. The increased FDIC insurance limit was set to expire on December 31, 2013 but Lawmakers recently agreed to make the temporary increase in FDIC deposit insurance permanent (see FDIC Insurance Limits To Permanently Increase ). The old limit of $100,000 deposit insurance had not been increased since 1980.

Below you will find a list of failed banks from 2007 to present.

1st Regents Bank, MN	18-Jan-13
Westside Community Bank, WA	11-Jan-13
Community Bank of the Ozarks, MO	14-Dec-12
Hometown Community Bank, GA	16-Nov-12
Citizens First National Bank, IL	2-Nov-12
Heritage Bank of Florida, FL	2-Nov-12
NOVA Bank, PA	26-Oct-12
Excel Bank, MO	19-Oct-12
First East Side Savings Bank, FL	19-Oct-12
GulfSouth Private Bank, FL	19-Oct-12
First United Bank, IL	28-Sept-12
Truman Bank, MO	14-Sept-12
First Commercial Bank, MN	7-Sept-12
Waukegan Savings Bank, IL	3-Aug-12
Jasper Banking Company, GA	27-July-12
Second Federal S&L Association of Chicago, IL	20-July-12
Heartland Bank, KS	20-July-12
First Cherokee State Bank, GA	20-July-12
Georgia Trust Bank, GA	20-July-12
The Royal Palm Bank of Florida, FL	20-July-12
Glasgow Savings Bank, MO	13-July-12
Montgomery Bank & Trust, GA	6-July-12
The Farmers Bank of Lynchburg, TN	15-June-12
Security Exchange Bank, GA	15-June-12
Putnam State Bank, FL	15-June-12
Waccamaw Bank, NC	8-June-12
Farmers and Traders State Bank, IL	8-June-12
Carolina Federal Savings Bank, SC	8-June-12
First Capital Bank, OK	8-June-12
Alabama Trust Bank, AL	18-May-12
Security Bank, N.A., FL	4-May-12
Palm Desert National Bank, CA	27-April-12
Plantation Federal Bank, SC	27-April-12
Inter Savings Bank, MN	27-April-12
HarVest Bank of Maryland, MD	27-April-12
Bank of the Eastern Shore, MD	27-April-12
Fort Lee Federal Savings Bank, NJ	20-April-12
Fidelity Bank, MI	30-March-12
Premier Bank, IL	23-March-12
Covenant Bank & Trust, GA	23-March-12
New City Bank, IL	9-March-12
Global Commerce Bank, GA	2-March-12
Home Saving of America, MN	24-Feb-12
Central Bank of Georgia, GA	24-Feb-12
SCB Bank, IN	10-Feb-12
Charter National Bank and Trust, IL	10-Feb-12
BankEast, TN	27-Jan-12
Patriot Bank Minnesota, MN	27-Jan-12
Tennessee Commerce Bank, TN	27-Jan-12
First Guarantee Bank & Trust Co of Jacksonville, FL	27-Jan-12
American Eagle Savings Bank, PA	20-Jan-12
The First State Bank, GA	20-Jan-12
Central Florida State Bank, FL	20-Jan-12
Western National Bank, AZ	16-Dec-11
Premier Community Bank of the Emerald Coast, FL	16-Dec-11
Central Progressive Bank, LA	18-Nov-11
Polk County Bank, IA	18-Nov-11
Community Bank of Rockmart, GA	10-Nov-11
SunFirst Bank, UT	4-Nov-11
Mid City Bank, NE	4-Nov-11
All American Bank, IL	28-Oct-11
Community Banks of Colorado, CO	21-Oct-11
Community Capital Bank, GA	21-Oct-11
Decatur First Bank, GA	21-Oct-11
Old Harbor Bank, FL	21-Oct-11
Country Bank, IL	14-Oct-11
First State Bank, NJ	14-Oct-11
Blue Ridge Savings Bank, NC	14-Oct-11
Piedmont Community Bank, GA	14-Oct-11
Sun Security Bank, MO	7-Oct-11
The RiverBank, MN	7-Oct-11
First International Bank, TX	30-Sept-11
Citizens Bank of Northern California, CA	23-Sept-11
Bank of the Commonwealth, VA	23-Sept-11
The First National Bank of Florida, FL	9-Sept-11
CreekSide Bank, GA	2-Sept-11
Patriot Bank of Georgia, GA	2-Sept-11
First Choice Bank, IL	19-August-11
First Southern National Bank, GA	19-August-11
Lydian Private Bank, FL	19-August-11
Public Savings Bank, PA	18-August-11
First National Bank of Olathe, KS	12-August-11
Bank of Whitman, WA	5-August-11
Bank of Shorewood, IL	5-August-11
Integra Bank, IN	29-July-11
BankMeridian, SC	29-July-11
Virginia Business Bank, VA	29-July-11
Bank of Choice, CO	22-July-11
LandMark Bank of Florida, FL	22-July-11
Southshore Community Bank, FL	22-July-11
Summit Bank, AZ	15-July-11
First Peoples Bank, FL	15-July-11
High Trust Bank, GA	15-July-11
One Georgia Bank, GA	15-July-11
Signature Bank, CO	8-July-11
Colorado Capital Bank, CO	8-July-11
First Chicago Bank & Trust, IL	8-July-11
Mountain Heritage Bank, Clayton,GA	24-June-11
First Commercial Bank of Tampa Bay, FL	17-June-11
McIntosh State Bank, GA	17-June-11
Atlantic Bank and Trust Company, SC	3-June-11
First Heritage Bank, WA	27-May-11
Summit Bank, WA	20-May-11
First Georgia Banking Co, GA	20-May-11
Atlantic Southern Bank, GA	20-May-11
Coastal Bank of Cocoa Beach, FL	6-May-11
Community Central Bank, MI	29-April-11
The Park Avenue Bank, GA	29-April-11
First Choice Community Bank, GA	29-April-11
Cortez Community Bank, FL	29-April-11
First National Bank of Central Florida, FL	29-April-11
Heritage Banking Group, MS	15-April-11
Rosemount National Bank, MN	15-April-11
Superior Bank, AL	15-April-11
Nexity Bank, AL	15-April-11
New Horizons Bank, GA	15-April-11
Bartow County Bank, GA	15-April-11
Nevada Commerce Bank, NV	8-April-11
Western Springs National, IL	8-April-11
The Bank of Commerce, Wood Dale, IL	25-March-11
Legacy Bank, Milwaukee, WI	11-March-11
First National Bank of Davis, OK	11-March-11
Valley Community Bank, IL	25-Feb-11
San Luis Trust Bank, CA	18-Feb-11
Charter Oak Bank, CA	18-Feb-11
Citizens Bank of Effingham, GA	18-Feb-11
Habersham Bank, GA	18-Feb-11
Canyon National Bank, CA	11-Feb-11
Badger State Bank, WI	11-Feb-11
Peoples State Bank, MI	11-Feb-11
Sunshine State Community Bank, FL	11-Feb-11
Community First Bank, IL	4-Feb-11
North Georgia Bank, GA	4-Feb-11
American Trust Bank, GA	4-Feb-11
First Community Bank, Taos, NM	28-January-11
FirsTier Bank, Louisville, CO	28-January-11
Evergreen State Bank, Stoughton, WI	28-January-11
The First State Bank, Camargo, OK	28-January-11
United Western Bank, Denver, CO	21-January-11
The Bank of Asheville, Asheville, NC	21-January-11
CommunitySouth Bank&Trust, Easley, SC	21-January-11
Enterprise Banking, McDonough, GA	21-January-11
Oglethorpe Bank, Brunswick, GA	14-January-11
Legacy Bank, Scottsdale, AZ	7-January-11
First Commercial Bank of Florida, Orlando, FL	7-January-11
Community National Bank, Lino Lakes, MN	17-December-10
First Southern Bank, Batesville, AR	17-December-10
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