Failed Banks - 2012

By Wendell Cochran

As of Feb. 10, 9 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 $902.0 million.

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)
SCB BANK Shelbyville, IN	2012-02-10	First Merchants Bank National Association Muncie, IN	33.9
Charter National Bank and Trust Hoffman Estates, IL	2012-02-10	Barrington Bank & Trust Company, National Association Barrington, IL	17.4
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
First Guaranty Bank and Trust Company of Jacksonville Jacksonville, FL	2012-01-27	CenterState Bank of Florida, National Association Winter Haven, FL	82.0
Central Florida State Bank Belleview, FL	2012-01-20	CenterState Bank of Florida, National Association Winter Haven, FL	24.4
The First State Bank Stockbridge, GA	2012-01-20	Hamilton State Bank Hoschton, GA	216.2
American Eagle Savings Bank Boothwyn, PA	2012-01-20	Capital Bank, National Association Rockville, MD	3.2

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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