Failed Banks - 2013

As of Dec. 13, 24 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 2013 have cost $1.2 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 NameClosing dateAcquiring bankFDIC cost (millions)
Texas Community Bank, National Association
The Woodlands, TX
2013-12-13 Spirit of Texas Bank, SSB
College Station, TX
10.8
Bank of Jackson County
Graceville, FL
2013-10-30 First Federal Bank of Florida
Lake City, FL
5.1
First National Bank
Edinburg, TX
2013-09-13 PlainsCapital Bank
Lubbock, TX
635.5
The Community's Bank
Bridgeport, CT
2013-09-13 FDIC will pay out the insured deposits because no buyer was found. 7.8
SUNRISE BANK OF ARIZONA
Phoenix, AZ
2013-08-23 First Fidelity Bank
Oklahoma City, OK
17.0
Community South Bank
Parsons, TN
2013-08-23 CB&S Bank, Inc.
Russellville, AL
72.5
Bank of Wausau
Wausau, WI
2013-08-09 Nicolet National Bank
Green Bay, WI
13.5
First Community Bank of Southwest Florida
Fort Myers, FL
2013-08-02 C1 Bank
Lakewood Ranch, FL
27.1
Mountain National Bank
Sevierville, TN
2013-06-07 First Tennessee Bank, National Association
Memphis, TN
33.5
1st Commerce Bank
North Las Vegas, NV
2013-06-06 Plaza Bank
Irvine, CA
9.4
Banks of Wisconsin
Kenosha, WI
2013-05-31 North Shore Bank, FSB
Brookfield, WI
26.3
Central Arizona Bank
Casa Grande, AZ
2013-05-14 Western State Bank
Devils Lake, ND
8.6
Sunrise Bank
Valdosta, GA
2013-05-10 Synovus Bank
Columbus, GA
17.3
Pisgah Community Bank
Asheville, NC
2013-05-10 Capital Bank, National Association
Rockville, MD
8.9
Douglas County Bank
Douglasville, GA
2013-04-26 Hamilton State Bank
Hoschton, GA
86.4
Parkway Bank
Lenoir, NC
2013-04-26 CertusBank, National Association
Easley, SC
18.1
Heritage Bank of North Florida
Orange Park, FL
2013-04-19 FirstAtlantic Bank
Jacksonville, FL
30.2
Chipola Community Bank
Marianna, FL
2013-04-19 First Federal Bank of Florida
Lake City, FL
10.3
First Federal Bank
Lexington, KY
2013-04-19 Your Community Bank
New Albany, IN
9.7
Gold Canyon Bank
Gold Canyon, AZ
2013-04-05 FIRST SCOTTSDALE BANK, NATIONAL ASSOCIATION
Scottsdale, AZ
11.2
Frontier Bank
Lagrange, GA
2013-03-08 Heritage Bank of the South
Albany, GA
51.6
Covenant Bank
Chicago, IL
2013-02-15 Liberty Bank and Trust Company
New Orleans, LA
21.8
1st Regents Bank
Andover, MN
2013-01-18 First Minnesota Bank
Minnetonka, MN
10.5
Westside Community Bank
University Place, WA
2013-01-11 Sunwest Bank
Tustin, CA
20.3


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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