Failed Banks - 2012 By Wendell Cochran ShareThis
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Failed Banks - 2012
As of Nov. 16, 50 banks have failed and been taken over by the Federal Deposit Insurance Corp. In most cases, deposits and some of the assets have been transferred to acquiring banks. The acquiring bank assumes the bank's deposits and, usually, some of the assets. In most cases, the FDIC acquires some of the assets -- normally the troubled loans. The FDIC estimates that the failures in 2012 have cost $2.5 billion.
Click on a bank's name for more details. Click on a column header to sort the list; click a second time to reverse the sort order.
| Bank Name | Closing date | Acquiring bank | FDIC cost (millions) |
|---|---|---|---|
| Hometown Community Bank Braselton, GA | 2012-11-16 | CertusBank, National Association Easley, SC | 36.7 |
| Citizens First National Bank Princeton, IL | 2012-11-02 | Heartland Bank and Trust Company Bloomington, IL | 45.2 |
| Heritage Bank of Florida Lutz, FL | 2012-11-02 | Centennial Bank Conway, AR | 65.5 |
| NOVA Bank Berwyn, PA | 2012-10-26 | No buyer found. The FDIC will make payouts to insured depositors. | 91.2 |
| First East Side Savings Bank Tamarac, FL | 2012-10-19 | 9.1 | |
| Excel Bank Sedalia, MO | 2012-10-19 | Simmons First National Bank Pine Bluff, AR | 40.1 |
| GulfSouth Private Bank Destin, FL | 2012-10-19 | SmartBank Pigeon Forge, TN | 36.1 |
| First United Bank Crete, IL | 2012-09-28 | Old Plank Trail Community Bank, National Association New Lenox, IL | 48.6 |
| Truman Bank St. Louis, MO | 2012-09-14 | Simmons First National Bank Pine Bluff, AR | 34.0 |
| First Commercial Bank Bloomington, MN | 2012-09-07 | Republic Bank & Trust Company Louisville, KY | 63.9 |
| Waukegan Savings Bank Waukegan, IL | 2012-08-03 | First Midwest Bank Itasca, IL | 19.8 |
| Jasper Banking Company Jasper, GA | 2012-07-27 | Stearns Bank National Association Saint Cloud, MN | 58.1 |
| Heartland Bank Leawood, KS | 2012-07-20 | Metcalf Bank Lees Summit, MO | 3.1 |
| First Cherokee State Bank Woodstock, GA | 2012-07-20 | Community & Southern Bank Carrollton, GA | 36.9 |
| The Royal Palm Bank of Florida Naples, FL | 2012-07-20 | First National Bank of the Gulf Coast Naples, FL | 13.5 |
| Georgia Trust Bank Buford, GA | 2012-07-20 | Community & Southern Bank Carrollton, GA | 20.9 |
| Second Federal Savings and Loan Association of Chicago Chicago, IL | 2012-07-20 | Hinsdale Bank & Trust Company Hinsdale, IL | 76.9 |
| Glasgow Savings Bank Glasgow, MO | 2012-07-13 | Regional Missouri Bank Marceline, MO | 0.1 |
| Montgomery Bank & Trust Ailey, GA | 2012-07-06 | Ameris Bank Moultrie, GA | 75.2 |
| The Farmers Bank of Lynchburg Lynchburg, TN | 2012-06-15 | Clayton Bank and Trust Knoxville, TN | 28.3 |
| Security Exchange Bank Marietta, GA | 2012-06-15 | Fidelity Bank Atlanta, GA | 34.3 |
| Putnam State Bank Palatka, FL | 2012-06-15 | Harbor Community Bank Indiantown, FL | 37.4 |
| Farmers' and Traders' State Bank Shabbona, IL | 2012-06-08 | First State Bank Mendota, IL | 8.9 |
| Waccamaw Bank Whiteville, NC | 2012-06-08 | First Community Bank Bluefield, VA | 51.1 |
| First Capital Bank Guthrie, OK | 2012-06-08 | F & M Bank Crescent, OK | 5.6 |
| Carolina Federal Savings Bank Charleston, SC | 2012-06-08 | Bank of North Carolina Thomasville, NC | 15.2 |
| Alabama Trust Bank, National Association Sylacauga, AL | 2012-05-18 | Southern States Bank Anniston, AL | 8.9 |
| Security Bank, National Association North Lauderdale, FL | 2012-05-04 | Banesco USA Coral Gables, FL | 10.8 |
| Plantation Federal Bank Pawleys Island, SC | 2012-04-27 | First Federal Bank Charleston, SC | 76.0 |
| Inter Savings Bank, fsb D/B/A Interbank, fsb Maple Grove, MN | 2012-04-27 | Great Southern Bank Reeds Spring, MO | 117.5 |
| HarVest Bank of Maryland Rockville, MD | 2012-04-27 | SONABANK Mclean, VA | 17.2 |
| Palm Desert National Bank Palm Desert, CA | 2012-04-27 | Pacific Premier Bank Costa Mesa, CA | 20.1 |
| Bank of the Eastern Shore Cambridge, MD | 2012-04-27 | No buyer found. FDIC created Deposit National Bank of Eastern Shore to pay out insured deposits. | 41.8 |
| Fort Lee Federal Savings Bank, FSB Fort Lee, NJ | 2012-04-20 | Alma Bank Astoria, NY | 14.0 |
| Fidelity Bank Dearborn, MI | 2012-03-30 | The Huntington National Bank Columbus, OH | 92.8 |
| Premier Bank Wilmette, IL | 2012-03-23 | International Bank of Chicago Chicago, IL | 64.1 |
| Covenant Bank & Trust Rock Spring, GA | 2012-03-23 | Stearns Bank National Association Saint Cloud, MN | 31.5 |
| New City Bank Chicago, IL | 2012-03-09 | No buyer found. FDIC will pay out insured deposits. | 17.4 |
| Global Commerce Bank Doraville, GA | 2012-03-02 | Metro City Bank Doraville, GA | 17.9 |
| Central Bank of Georgia Ellaville, GA | 2012-02-24 | Ameris Bank Moultrie, GA | 67.5 |
| Home Savings of America Little Falls, MN | 2012-02-24 | No buyer was found. FDIC will pay out insured deposits. | 38.8 |
| Charter National Bank and Trust Hoffman Estates, IL | 2012-02-10 | Barrington Bank & Trust Company, National Association Barrington, IL | 17.4 |
| SCB BANK Shelbyville, IN | 2012-02-10 | First Merchants Bank National Association Muncie, IN | 33.9 |
| First Guaranty Bank and Trust Company of Jacksonville Jacksonville, FL | 2012-01-27 | CenterState Bank of Florida, National Association Winter Haven, FL | 82.0 |
| Patriot Bank Minnesota Wyoming, MN | 2012-01-27 | First Resource Bank Savage, MN | 32.6 |
| BankEast Knoxville, TN | 2012-01-27 | U.S. Bank National Association Cincinnati, OH | 75.6 |
| Tennessee Commerce Bank Franklin, TN | 2012-01-27 | Republic Bank & Trust Company Louisville, KY | 416.8 |
| American Eagle Savings Bank Boothwyn, PA | 2012-01-20 | Capital Bank, National Association Rockville, MD | 3.2 |
| The First State Bank Stockbridge, GA | 2012-01-20 | Hamilton State Bank Hoschton, GA | 216.2 |
| Central Florida State Bank Belleview, FL | 2012-01-20 | CenterState Bank of Florida, National Association Winter Haven, FL | 24.4 |
Notes:
* FDIC created this bank because it could not find a buyer
** Office of Thrift Supervision created this bank because it could not find a buyer
*** Newly chartered bank
**** Assumed deposits and some assets of failed bank
***** Purchased some assets of failed bank under loss share agreement with FDIC
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