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 |
| United Americas Bank, Atlanta, GA |
Scroll down for more posts ▼
Top 10 Most Recent News Articles
Roborock Fuels Market Surge with 27.6% Revenue BoostRoborock's Rocket-Like Ascent in Global Markets Call me impressed, but Roborock is really hitting its stride. The company's been on a tear, pulling in RMB 10.084 billion during the first half of 2026—a remarkable 27.6% bump from last year. Not just content with the revenue surge, they also saw net profits jump 45.6%, making it pretty clear that they're not just playing... Continue Reading
Asia-Pacific Media Forum Eyes Future Growth StrategiesMedia Heavyweights Converge in Shenzhen Picture this: Over 400 media moguls from the Asia-Pacific region, huddled together in Shenzhen under that blazing September sun. What for? They're on a mission, inspecting China's shifting landscape, hunting down fresh growth avenues in the Guangdong-Hong Kong-Macao Greater Bay Area. It kicks off within the walls of the Asia-Pacific... Continue Reading
Softcare Facilitates Standards Delegation Visit to SenegalEver seen a whole nation's hygiene industry getting a deep dive from not just one, but three major standards bodies? That's what just went down in Senegal. Softcare opened its doors wide to folks from the Senegalese Association for Standardization (ASN), the International Organization for Standardization (ISO), and the Swedish Institute for Standards (SIS). This was no... Continue Reading
Hims & Hers Faces Class Action: Investors BewareAllegations and Legal Pressure There's trouble brewing in the land of health and wellness apps, with Hims & Hers Health, Inc. (NYSE:HIMS) taking center stage. Slap on your glasses, folks, because this one's a doozy. A class-action lawsuit has exploded against the company and some of its officers—allegations flying as they focus on serious accusations of misleading... Continue Reading
EyePoint Stumbles: Legal Eagles Circle Post-Trial FlopEyePoint Slips on Clinical Banana Peel Well, if EyePoint was aiming for a splash, they sure got it—just not the kind they were hoping for. News dropped like a lead balloon when EyePoint announced their Phase 3 DURAVYU trial results for wet age-related macular degeneration, revealing they missed their primary endpoint. And what did that mean for their stock? A death... Continue Reading
TCL’s AI Vision: Immersive Living at IFA 2026AI and Displays: A Match Made in Tech Heaven Every so often, a company stands up at a tech fair and gives a glimpse into the next chapter of living, as TCL did at IFA 2026. This time, they're not just talking about screens; they're weaving them into the fabric of everyday life alongside AI capabilities. From sporting arenas to your living room, it's a vision of what could... Continue Reading
China's Manufacturing: Squeeze or Opportunity?Analyzing China's Impact on Global Markets Think of China's manufacturing clout and you're likely to picture booming factories, relentless steel, and smoke-churning industries reshaping the global chessboard. But here's the kicker: are they swallowing up room for others, or paving the way for their growth? It’s this debate that took the spotlight at the Asia-Pacific... Continue Reading
Media Forum Spotlights Asia-Pacific CooperationThe Opening Scene: A Gathering with Purpose Well, here we go, diving right into the latest shindig in Shenzhen at the Asia-Pacific Media Forum. Held in China's Guangdong province, they've rounded up over 400 reps from every corner of the globe, all chewing over one key theme: "Building a Path to Shared Prosperity for the Asia-Pacific Community." You could say it's a step... Continue Reading
XiamenAir Takes Off with Fujian-London LinkA New Dawn for Fujian Travelers Here's a nugget to chew on: XiamenAir's first-ever direct flight from Xiamen to London had its moment in the spotlight. This isn't just another intercontinental flyby—it's a game-changer for folks in Fujian looking to hop across the pond without the layover hassle. With Flight MF821 touching down in Heathrow early on September 6th, this... Continue Reading
Bad Bunny Super Bowl Halftime Show Sweeps 7 Emmy WinsAn Unprecedented Performance: A Halftime Show for the Ages Hold onto your hats, folks—Bad Bunny and his Super Bowl LX Halftime Show have taken home a jaw-dropping seven Emmys at the 78th Emmy Awards. This is uncharted territory for any Super Bowl Halftime Show. Never before has a halftime spectacle swept the Emmys like this. We’re talking about categories such as... Continue ReadingTop 5 Most Recently Viewed Articles
Cresteo Expands U.S. Operations Focused on AI-Driven ImpactCresteo Expands U.S. Operations Focused on AI-Driven Impact Cresteo, a global technology partner renowned for delivering measurable business outcomes, has announced a strategic consolidation of its U.S. operations. This decision reflects Cresteo's dedication to the enterprise landscape, emphasizing its role as an AI-first tech ally aimed at driving growth, efficiency, and... Continue Reading
Bionomics' Strategic Shift: U.S. Re-Domiciliation for GrowthBionomics Limited, that biotech firm with a focus on treating central nervous system disorders, announced plans to re-domicile to the United States back in late 2024. This move sparked chatter on trading floors as they eyed whether this strategic pivot would actually pay off or just be another desperate play. CEO Spyros Papapetropoulos expressed his confidence that... Continue Reading
Exploring the Elegance of the Customized Mercedes-Benz SL-ClassUnveiling the Extraordinary Mercedes-Benz SL-Class Mansory Immerse yourself in the allure of the Used Mercedes-Benz SL-Class Mansory, an iconic vehicle celebrated for its luxurious features and supreme performance. Limited Spec Automotive, known for its dedication to luxury automobiles, is proud to present an exhaustive analysis of this remarkable pre-owned luxury... Continue Reading
Impact of Tariffs on Consumer Spending: Key Survey InsightsImpact of Tariffs on Consumer Spending: Key Survey Insights Recent surveys reveal a concerning trend among American consumers as tariffs create pressure on personal budgets. With many feeling the financial crunch, a significant number have already cut back or plan to reduce their nonessential spending. This response highlights a growing trend of caution and wariness... Continue Reading
Discovering BitStarz: The Future of Online Slots in 2025Exploring the Exciting World of BitStarz Casino For gamers looking to delve into the freshest online slots in the USA, BitStarz stands out as a shining beacon of reliability and excitement. Known for combining amazing bonuses with super-fast payouts, this online casino is redefining what players can expect from their gaming experience. A Reputation Built on Speed and... Continue Reading |