List of Failed Banks in the U.S.

Failed banks have been in the news a lot lately, especially after Silicon Valley closed. But the reality is, outside of ‘major crises,’ we don’t see a lot of bank closings.

So it’s not something you need to be overly worried about, but it’s good to be proactive and know what to do should it happen.

Here’s everything you need to know about failed banks and a bonus list of failed banks by year.

What Is a Failed Bank?

A failed bank is one federal or state regulator closed due to insolvency.

When a bank can no longer service its depositors, they fail, and the FDIC insurance goes into effect, providing bank customers with access to their funds up to the covered limit ($250,000 per depositor).

The federal government can close national banks, and state banking commissioners can close state banks.

However, they don’t do this until there’s adequate proof the bank can no longer meet its obligations.

Why Do Banks Fail?

The most common reason banks fail is that their liabilities exceed their assets.

A bank’s liabilities are those owed to creditors and depositors. It doesn’t always mean the bank did something wrong. Sometimes it’s due to an investment gone bad or the inability to borrow funds from solvent banks.

Sometimes if word gets out of the risk of an insolvent bank, depositors may rush to the bank to get their funds, further decreasing the bank’s assets and making it more insolvent.

Are Bank Failures Common?

Bank failures aren’t as common as most people think. When banks fail, many people get concerned that more will follow.

But history has only shown two times when there were banking crises, with hundreds of banks closing at a time.

  • The first was during the Savings and Loans crisis from 1980 to 1995, when almost 3,000 banks closed due to consecutive high inflation and interest rates, making it impossible for banks to survive.
  • The second was during the housing crisis of 2008, which caused many bank failures, not to mention a broken housing industry.

Aside from those times of crisis, there were an average of 0 – 10 bank closings per year, which shows there’s nothing to panic about when you hear of one or even several bank closings, and oftentimes a depositor rush to the bank could worsen things during times of panic.

When Are Bank Failures Most Frequent?

In the last 23 years, there have been 564 bank closings, but bank failures aren’t as common in recent years.

According to the FDIC, 2009 to 2011 saw the largest number of bank failures, with a total of 389 failures within three years. The numbers drastically decreased from there, with no bank failures in 2018, 2021, or 2022.

Where Do Bank Failures Usually Happen?

Bank failures happen around the country, but the most prominent states with bank failures since 2000 include:

  • California: 43 closings
  • Florida: 76 closings
  • Georgia: 93 closings
  • Illinois: 69 closings

Then there are states like Idaho, Maine, and Montana that have had zero bank closings in the last 23 years.

What Was the Largest Bank Failure?

Washington Mutual was the largest bank failure in US history. The bank closed in 2008 as a result of the housing crisis and held $307 billion in assets when it closed.

The fall of Washington Mutual occurred because of a bank run where Washington Mutual customers withdrew $17 billion in assets in less than two weeks.

The second largest bank failure occurred at First Republic Bank on May 1, 2023. This California Bank was closed by the California Department of Financial Protection and Innovation. The bank had $229.1 billion in assets when it closed.

The third largest bank failure in US history also occurred in 2023 in California.

Regulators shut down Silicon Valley Bank on March 10, 2023, and it was the largest bank failure since the 2008 recession. At the time of closure, Silicon Valley Bank had $209 billion in assets.

List of Failed Banks Since 2000

Failed Banks in 2000

Name State Closing Date
Bank of Honolulu HI October 13, 2000
National State Bank of Metropolis IL December 14, 2000

Failed Banks in 2001

Name State Closing Date
First Alliance Bank & Trust Co. NH February 2, 2001
Malta National Bank OH May 3, 2001
Superior Bank, FSB IL July 27, 2001
Sinclair National Bank AR September 7, 2001

Failed Banks in 2002

Name State Closing Date
Hamilton Bank, NA En Español FL January 11, 2002
Bank of Sierra Blanca TX January 18, 2002
Oakwood Deposit Bank Co. OH February 1, 2002
NextBank, NA AZ February 7, 2002
Net 1st National Bank FL March 1, 2002
New Century Bank MI March 28, 2002
Connecticut Bank of Commerce CT June 26, 2002
Universal Federal Savings Bank IL June 27, 2002
AmTrade International Bank En Español GA September 30, 2002
Bank of Alamo TN November 8, 2002
Farmers Bank of Cheneyville LA December 17, 2002

Failed Banks in 2003

Name State Closing Date
Southern Pacific Bank CA February 7, 2003
First National Bank of Blanchardville WI May 9, 2003
Pulaski Savings Bank PA November 14, 2003

Failed Banks in 2004

Name State Closing Date
Dollar Savings Bank NJ February 14, 2004
Guaranty National Bank of Tallahassee FL March 12, 2004
Reliance Bank NY March 19, 2004
Bank of Ephraim UT June 25, 2004

Failed Banks in 2005

No bank failures were recorded.

Failed Banks in 2006

No bank failures were recorded.

Failed Banks in 2007

Name State Closing Date
Metropolitan Savings Bank PA February 2, 2007
NetBank GA September 28, 2007
Miami Valley Bank OH October 4, 2007

Failed Banks in 2008

Name State Closing Date
Douglass National Bank MO January 25, 2008
Hume Bank MO March 7, 2008
ANB Financial, NA AR May 9, 2008
First Integrity Bank MN May 30, 2008
IndyMac Bank CA July 11, 2008
First Heritage Bank CA July 25, 2008
First National Bank of Nevada NV July 25, 2008
First Priority Bank FL August 1, 2008
Columbian Bank & Trust KS August 22, 2008
Integrity Bank GA August 29, 2008
Silver State Bank En Espanol NV September 5, 2008
Ameribank WV September 19, 2008
Washington Mutual Bank NV September 25, 2008
Meridian Bank IL October 10, 2008
Main Street Bank MI October 10, 2008
Alpha Bank & Trust GA October 24, 2008
Freedom Bank FL October 31, 2008
Security Pacific Bank CA November 7, 2008
Franklin Bank, SSB TX November 7, 2008
PFF Bank & Trust CA November 21, 2008
Downey Savings & Loan CA November 21, 2008
Community Bank GA November 21, 2008
First Georgia Community Bank GA December 5, 2008
Sanderson State Bank en Espanol TX December 12, 2008
Haven Trust Bank GA December 12, 2008

Failed Banks in 2009

Name State Closing Date
Bank of Clark County WA January 16, 2009
National Bank of Commerce IL January 16, 2009
1st Centennial Bank CA January 23, 2009
Ocala National Bank FL January 30, 2009
Suburban FSB MD January 30, 2009
MagnetBank UT January 30, 2009
Country Bank CA February 6, 2009
Alliance Bank CA February 6, 2009
FirstBank Financial Services GA February 6, 2009
Pinnacle Bank of Oregon OR February 13, 2009
Corn Belt Bank & Trust Co. IL February 23, 2009
Riverside Bank of the Gulf Coast FL February 13, 2009
Sherman County Bank NE February 13, 2009
Silver Falls Bank OR February 20, 2009
Security Savings Bank NV February 27, 2009
Heritage Community Bank IL February 27, 2009
Freedom Bank of Georgia GA March 6, 2009
TeamBank, NA KS March 20, 2009
Colorado National Bank CO March 20, 2009
FirstCity Bank GA March 20, 2009
Omni National Bank GA March 27, 2009
New Frontier Bank CO April 10, 2009
Cape Fear Bank NC April 10, 2009
Great Basin Bank of Nevada NV April 17, 2009
American Sterling Bank MO April 17, 2009
First Bank of Idaho ID April 24, 2009
First Bank of Beverly Hills CA April 24, 2009
Michigan Heritage Bank MI April 24, 2009
American Southern Bank GA April 24, 2009
America West Bank UT May 1, 2009
Citizens Community Bank NJ May 1, 2009
Silverton Bank, NA GA May 1, 2009
Westsound Bank WA May 8, 2009
BankUnited FSB FL May 21, 2009
Citizens National Bank IL May 22, 2009
Strategic Capital Bank IL May 22, 2009
Bank of Lincolnwood IL June 5, 2009
First National Bank of Anthony KS June 19, 2009
Cooperative Bank NC June 19, 2009
Southern Community Bank GA June 19, 2009
Mirae Bank CA June 26, 2009
MetroPacific Bank CA June 26, 2009
Horizon Bank MN June 26, 2009
Neighborhood Community Bank GA June 26, 2009
Community Bank of West Georgia GA June 26, 2009
Founders Bank IL July 2, 2009
Millennium State Bank of Texas TX July 2, 2009
First National Bank of Danville IL July 2, 2009
The Elizabeth State Bank IL July 2, 2009
Rock River Bank OR July 2, 2009
First State Bank of Winchester IL July 2, 2009
John Warner Bank IL July 2, 2009
Bank of Wyoming WY July 10, 2009
Temecula Valley Bank CA July 17, 2009
Vineyard Bank CA July 17, 2009
BankFirst SD July 17, 2009
First Piedmont Bank GA July 17, 2009
Security Bank of Jones County GA July 24, 2009
Security Bank of Houston County GA July 24, 2009
Security Bank of Bibb County GA July 24, 2009
Security Bank of North Metro GA July 24, 2009
Security Bank of North Fulton GA July 24, 2009
Security Bank of Gwinnett County GA July 24, 2009
Waterford Village Bank NY July 24, 2009
Mutual Bank IL July 31, 2009
First BankAmericano NJ July 31, 2009
Peoples Community Bank OH July 31, 2009
Integrity Bank FL July 31, 2009
First State Bank of Altus OK July 31, 2009
Community First Bank OR August 7, 2009
Community National Bank of Sarasota County FL August 7, 2009
First State Bank FL August 7, 2009
Community Bank of Nevada NV August 14, 2009
Community Bank of Arizona AZ August 14, 2009
Union Bank AZ August 14, 2009
Colonial Bank AL August 14, 2009
Dwelling House Savings and Loan Association PA August 14, 2009
Guaranty Bank TX August 21, 2009
CapitalSouth Bank AL August 21, 2009
First Coweta Bank GA August 21, 2009
eBank GA August 21, 2009
Affinity Bank CA August 28, 2009
Mainstreet Bank MN August 28, 2009
Bradford Bank MD August 28, 2009
First State Bank AZ September 4, 2009
Platinum  Community Bank IL September 4, 2009
Vantus Bank IA September 4, 2009
InBank IL September 4, 2009
First Bank of Kansas City MO September 4, 2009
Venture Bank WA September 11, 2009
Brickwell Community Bank MN September 11, 2009
Corus Bank IL September 11, 2009
Irwin Union Bank KY September 18, 2009
Irwin Union Bank and Trust Company IN September 18, 2009
Georgian Bank GA September 25, 2009
Southern Colorado National Bank CO October 2, 2009
Jennings State Bank MN October 2, 2009
Warren Bank MI October 2, 2009
San Joaquin Bank CA October 16, 2009
First DuPage Bank IL October 23, 2009
Riverview Community Bank MN October 23, 2009
Bank of Elmwood WI October 23, 2009
Flagship National Bank FL October 23, 2009
Hillcrest Bank Florida FL October 23, 2009
American United Bank GA October 23, 2009
Partners Bank FL October 23, 2009
North Houston Bank TX October 30, 2009
Madisonville State Bank TX October 30, 2009
Citizens National Bank TX October 30, 2009
Parks National IL October 30, 2009
Pacific National Bank CA October 30, 2009
California National Bank CA October 30, 2009
San Diego National Bank CA October 30, 2009
Community Bank of Lemont IL October 30, 2009
Bank USA AZ October 30, 2009
United Commercial Bank CA November 6, 2009
Gateway Bank of St. Louis MO November 6, 2009
Prosperan Bank MN November 6, 2009
Home Federal Savings Bank MI November 6, 2009
United Security Bank GA November 6, 2009
Pacific Coast National Bank CA November 13, 2009
Orion Bank FL November 13, 2009
Century Bank FL November 13, 2009
Commerce Bank of Southwest Florida FL November 20, 2009
Greater Atlantic Bank VA December 4, 2009
Benchmark Bank IL December 4, 2009
AmTrust OH December 4, 2009
The Tattnall Bank GA December 4, 2009
First Security National Bank GA December 4, 2009
The Buckhead Community Bank GA December 4, 2009
SolutionsBank KS December 11, 2009
Valley Capital Bank AZ December 11, 2009
Republic Federal Bank FL December 11, 2009
First Federal Bank of California CA December 18, 20099
Imperial Capital Bank CA December 18, 2009
Independent Bankers’ Bank IL December 18, 2009
New South Federal Savings Bank AL December 18, 2009
Citizens State Bank MI December 18, 2009
Peoples First Community Bank FL December 18, 2009
RockBridge Commercial Bank GA December 18, 2009

Failed Banks in 2010

Name State Closing Date
Horizon Bank WA January 8, 2010
Barnes Banking Company UT January 15, 2010
St. Stephen State Bank MN January 15, 2010
Town Community Bank & Trust IL January 15, 2010
Columbia River Bank OR January 22, 2010
Evergreen Bank OR January 22, 2010
Charter Bank NM January 22, 2010
Bank of Leeton MO January 22, 2010
Premier American Bank FL January 22, 2010
American Marine Bank WA January 29, 2010
First Regional Bank CA January 29, 2010
Community Bank and Trust GA January 29, 2010
Marshall Bank MN January 29, 2010
Florida Community Bank FL January 29, 2010
First National Bank of Georgia GA January 29, 2010
1st American State Bank of Minnesota MN February 5, 2010
La Jolla Bank CA February 19, 2010
George Washington Savings Bank IL February 19, 2010
The La Coste National Bank TX February 19, 2010
Marco Community Bank FL February 19, 2010
Rainier Pacific Bank WA February 26, 2010
Carson River Community Bank NV February 26, 2010
Centennial Bank UT March 5, 2010
Waterfield Bank MD March 5, 2010
Bank of Illinois IL March 5, 2010
Sun American Bank FL March 5, 2010
LibertyPointe Bank NY March 11, 2010
Statewide Bank LA March 12, 2010
Old Southern Bank FL March 12, 2010
The Park Avenue Bank NY March 12, 2010
State Bank of Aurora MN March 19, 2010
First Lowndes Bank AL March 19, 2010
Bank of Hiawassee GA March 19, 2010
Appalachian Community Bank GA March 19, 2010
Advanta Bank Corp UT March 19, 2010
Century Security Bank GA March 19, 2010
Amercian National Bank OH March 19, 2010
Desert Hills Bank AZ March 26, 2010
Unity National Bank GA March 26, 2010
Key West Bank FL March 26, 2010
McIntosh Commercial Bank GA March 26, 2010
Beach First National Bank SC April 9, 2010
City Bank WA April 16, 2010
Tamalpais Bank CA April 16, 2010
Innovative Bank CA April 16, 2010
Butler Bank MA April 16, 2010
Riverside National Bank of Florida FL April 16, 2010
AmericanFirst Bank FL April 16, 2010
First Federal Bank of North Florida FL April 16, 2010
Lakeside Community Bank MI April 16, 2010
Wheatland Bank IL April 23, 2010
Peotone Bank and Trust Company IL April 23, 2010
Lincoln Park Savings Bank IL April 23, 2010
New Century Bank IL April 23, 2010
Citizens Bank and Trust Company IL April 23, 2010
Broadway Bank IL April 23, 2010
Amcore Bank IL April 23, 2010
Frontier Bank WA April 30, 2010
BC National Banks MO April 30, 2010
Champion Bank MO April 30, 2010
CF Bancorp MI April 30, 2010
Westernbank Puerto Rico PR April 30, 2010
R-G Premier Bank of Puerto Rico PR April 30, 2010
Eurobank PR April 30, 2010
1st Pacific Bank of California CA May 7, 2010
Towne Bank of Arizona AZ May 7, 2010
Access Bank MN May 7, 2010
The Bank of Bonifay FL May 7, 2010
Midwest Bank and Trust Company IL May 14, 2010
Southwest Community Bank MO May 14, 2010
New Liberty Bank MI May 14, 2010
Satilla Community Bank GA May 14, 2010
Pinehurst Bank MN May 21, 2010
Sun West Bank NV May 28, 2010
Granite Community Bank CA May 28, 2010
Bank of Florida-Tampa FL May 28, 2010
Bank of Florida-Southwest FL May 28, 2010
Bank of Florida-Southeast FL May 28, 2010
TierOne Bank NE June 4, 2010
Arcola Homestead Savings Bank IL June 4, 2010
First National Bank MS June 4, 2010
Washington First International Bank WA June 11, 2010
Nevada Security Bank NV June 18, 2010
High Desert State Bank NM June 25, 2010
First National Bank GA June 25, 2010
Peninsula Bank FL June 25, 2010
Home National Bank OK July 9, 2010
USA Bank NY July 9, 2010
Ideal Federal Savings Bank MD July 9, 2010
Bay National Bank MD July 9, 2010
Mainstreet Savings Bank MI July 16, 2010
Olde Cypress Community Bank FL July 16, 2010
Turnberry Bank FL July 16, 2010
Metor Bank of Dade County FL July 16, 2010
First National Bank of the South FL July 16, 2010
Woodlands Bank SC July 16, 2010
Home Valley Bank OR July 23, 2010
Southwest USA Bank NV July 23, 2010
Community Security Bank MN July 23, 2010
Thunder Bank KS July 23, 2010
Williamsburg First National Bank SC July 23, 2010
Crescent Bank and Trust Company GA July 23, 2010
Sterling Bank FL July 23, 2010
Liberty Bank OR July 30, 2010
The Cowlitz Bank WA July 30, 2010
Coastal Community Bank FL July 30, 2010
Bayside Savings Bank FL July 30, 2010
Northwest Bank & Trust GA July 30, 2010
Ravenswood Bank IL August 6, 2010
Palos Bank and Trust Company IL August 13, 2010
Sonoma Valley Bank CA August 20, 2010
Los Padres Bank CA August 20, 2010
Butte Community Bank CA August 20, 2010
Pacific State Bank CA August 20, 2010
ShoreBank IL August 20, 2010
Imperial Savings and Loan VA August 20, 2010
Independent National Bank FL August 20, 2010
Community National Bank at Bartow FL August 20, 2010
Horizon Bank FL September 10, 2010
Maritime Savings Bank WI September 17, 2010
Bramble Savings Bank OH September 17, 2010
The Peoples Bank GA September 17, 2010
First Commerce Community Bank GA September 17, 2010
Bank of Ellijay GA September 17, 2010
ISN Bank NJ September 17, 2010
North County Bank WA September 24, 2010
Haven Trust Bank Florida FL September 24, 2010
Shoreline Bank WA October 1, 2010
Wakulla Bank FL October 1, 2010
Premier Bank MO October 15, 2010
WestBridge Bank and Trust Company MO October 15, 2010
Security Savings Bank KS October 15, 2010
First Arizona Savings AZ October 22, 2010
Hillcrest Bank KS October 22, 2010
First Suburban National Bank IL October 22, 2010
The First National Bank of Barnesville GA October 22, 2010
The Gordon Bank GA October 22, 2010
Progress Bank of Florida FL October 22, 2010
First Bank of Jacksonville FL October 22, 2010
First Vietnamese American Bank CA November 5, 2010
Pierce Commercial Bank WA November 5, 2010
Western Commercial Bank CA November 5, 2010
K Bank MD November 5, 2010
Copper Star Bank AZ November 12, 2010
Darby Bank & Trust GA November 12, 2010
Tifton Banking Company GA November 12, 2010
First Banking  Center WI November 19, 2010
Allegiance Bank of North America PA November 19, 2010
Gulf State Community Bank FL November 19, 2010
Earthstar Bank PA December 10, 2010
Paramount Bank MI December 10, 2010
Community National Bank MN December 17, 2010
First Southern Bank AR December 17, 2010
United Americas Bank GA December 17, 2010
Appalachian Community Bank GA December 17, 2010
Chestatee State Bank GA December 17, 2010
The Bank of Miami FL December 17, 2010

Failed Banks in 2011

Name State Closing Date
Legacy Bank AZ January 7, 2011
First Commercial Bank of Florida FL January 7, 2011
Oglethorpe Bank GA January 14, 2011
United Western Bank CO January 21, 2011
The Bank of Asheville NC January 21, 2011
Community South Bank & Trust SC January 21, 2011
Enterprise Banking Company GA January 21, 2011
First Community Bank NM January 28, 2011
FirsTier Bank CO January 28, 2011
Evergreen State Bank WI January 28, 2011
The First State Bank OK January 28, 2011
Community First Bank Chicago IL February 4, 2011
North Georgia Bank GA February 4, 2011
American Trust Bank GA February 4, 2011
Canyon National Bank CA February 4, 2011
Badger State Bank WI February 11, 2011
Peoples State Bank MI February 11, 2011
Sunshine State Community Bank FL February 11, 2011
San Luis Trust Bank CA February 18, 2011
Charter Oak Bank CA February 18, 2011
Citizens Bank of Effingham GA February 18, 2011
Habersham Bank GA February 18, 2011
Valley Community Bank IL February 25, 2011
Legacy Bank WI March 11, 2011
First National Bank of Davis OK March 11, 2011
The Bank of Commerce IL March 25, 2011
Nevada Commerce Bank NV April 8, 2011
Western Springs National Bank and Trust IL April 8, 2011
Heritage Banking Group MS April 15, 2011
Rosemont National Bank MN April 15, 2011
Superior Bank AL April 15, 2011
Nexity Bank AL April 15, 2011
New Horizons Bank GA April 15, 2011
Bartow County Bank GA April 15, 2011
Community Central Bank MI April 29, 2011
The Park Avenue Bank GA April 29, 2011
First Choice Community Bank GA April 29, 2011
Cortez Community Bank FL April 29, 2011
First National Bank of Central Florida FL April 29, 2011
Coastal Bank FL May 6, 2011
Summit Bank WA May 20, 2011
First Georgia Banking Company GA May 20, 2011
Atlantic Southern Bank GA May 20, 2011
First Heritage Bank WA May 27, 2011
Atlantic Bank and Trust SC June 3, 2011
First Commercial Bank of Tampa Bay FL June 17, 2011
Mountain Heritage Bank GA June 24, 2011
Signature Bank CO July 8, 2011
Colorado Capital Bank CO July 8, 2011
First Chicago Bank & Trust IL July 8, 2011
Summit Bank AZ July 15, 2011
First Peoples Bank FL July 15, 2011
High Trust Bank GA July 15, 2011
One Georgia Bank GA July 15, 2011
Bank of Choice CO July 22, 2011
Landmark Bank of Florida FL July 22, 2011
Southshore Community Bank FL July 22, 2011
Integra Bank IN July 29, 2011
BankMeridian SC July 29, 2011
Virginia Business Bank VA July 29, 2011
Bank of Whitman WA August 5, 2011
Bank of Shorewood IL August 5, 2011
The First National Bank of Olathe KS August 12, 2011
Public Savings Bank PA August 18, 2011
First Choice Bank IL August 19, 2011
First Southern National Bank GA August 19, 2011
Lydian Private Bank FL August 19, 2011
CreekSide Bank GA September 2, 2011
Patriot Bank of Georgia GA September 2, 2011
The First National Bank of Florida FL September 9, 2011
Citizens Bank of Northern California CA September 23, 2011
Bank of Commonwealth VA September 23, 2011
First International Bank TX September 30, 2011
Sun Security Bank MO October 7, 2011
The RiverBank MN October 7, 2011
Country Bank IL October 14, 2011
First State Bank NJ October 14, 2011
Blue Ridge Savings Bank NC October 14, 2011
Piedmont Community Bank GA October 14, 2011
Community Banks of Colorado CO October 21, 2011
Community Capital Bank GA October 21, 2011
Decatur First Bank GA October 21, 2011
Old Harbor Bank FL October 21, 2011
All American Bank IL October 28, 2011
SunFirst Bank UT November 4, 2011
Mid City Bank NE November 4, 2011
Community Bank of Rockmart GA November 10, 2011
Central Progressive Bank LA November 18, 2011
Polk County Bank IA November 18, 2011
Western National Bank AZ December 16, 2011
Premier Community Bank of the Emerald Coast FL December 16, 2011

Failed Banks in 2012

Name State Closing Date
American Eagle Savings Bank PA January 20, 2012
The First State Bank GA January 20, 2012
Central Florida State Bank FL January 20, 2012
Patriot Bank Minnesota MN January 27, 2012
Tennessee Commerce Bank TN January 27, 2012
First Guaranty Bank and Trust Company of Jacksonville FL January 27, 2012
SCB Bank IN February 10, 2012
Charter National Bank and Trust IL February 10, 2012
Home Savings of America MN February 24, 2012
Central Bank of Georgia GA February 24, 2012
Global Commerce Bank GA March 2, 2012
New City Bank IL March 9, 2012
Premier Bank IL March 23, 2012
Covenant Bank & Trust GA March 23, 2012
Fidelity Bank MI March 30, 2012
Fort Lee Federal Savings Bank NJ April 20, 2012
Palm Desert National Bank CA April 27, 2012
Plantation Federal Bank SC April 27, 2012
Inter Savings Bank MN April 27, 2012
HarVest Bank of Maryland MD April 27, 2012
Bank of the Eastern Shore MD April 27, 2012
Security Bank FL May 4, 2012
Alabama Trust Bank AL May 18, 2012
Waccamaw Bank NC June 8, 2012
Farmers’ and Traders’ State Bank IL June 8, 2012
Carolina Federal Savings Bank SC June 8, 2012
First Capital Bank OK June 8, 2012
The Farmers Bank of Lynchburg TN June 15, 2012
Security Exchange Bank GA June 15, 2012
Putnam State Bank FL June 15, 2012
Montgomery Bank & Trust GA July 6, 2012
Glasgow Savings Bank MO July 13, 2012
Second Federal Savings and Loan IL July 20, 2012
Heartland Bank KS July 20, 2012
First Cherokee State Bank GA July 20, 2012
Georgia Trust Bank GA July 20, 2012
The Royal Palm Bank of Florida FL July 20, 2012
Jasper Banking Company GA July 27, 2012
Waukegan Savings Bank IL August 3, 2012
First Commercial Bank MN September 7, 2012
Truman Bank MO September 14, 2012
First United Bank IL September 28, 2012
Excel Bank MO October 19, 2012
First East Side Savings Bank FL October 19, 2012
GulfSouth Private Bank FL October 19, 2012
NOVA Bank PA October 26, 2012
Citizens First IL November 2, 2012
Heritage Bank of Florida FL November 2, 2012
Hometown Community Bank GA November 16, 2012
Community Bank of the Ozarks MO December 14, 2012

Failed Banks in 2013

Name State Closing Date
Westside Community Bank WA January 11, 2013
1st Regents Bank MN January 18, 2013
Covenant Bank IL February 15, 2013
Frontier Bank GA March 8, 2013
Gold Canyon Bank AZ April 5, 2013
Chipola Community Bank FL April 19, 2013
Heritage Bank of North Florida FL April 19, 2013
First Federal Bank KY April 19, 2013
Douglas County Bank GA April 26, 2013
Parkway Bank NC April 26, 2013
Sunrise Bank GA May 10, 2013
Pisgah Community Bank NC May 10, 2013
Central Arizona Bank AZ May 14, 2013
Banks of Wisconsin WI May 31, 2013
1st Commerce Bank NV June 6, 2013
Mountain National Bank TN June 7, 2013
First Community Bank of Southwest Florida FL August 2, 2013
Bank of Wausau WI August 9, 2013
Sunrise Bank of Arizona AZ August 23, 2013
Community South Bank TN August 23, 2013
First National Bank TX September 13, 2013
The Community’s Bank CT September 13, 2013
Bank of Jackson County FL October 30, 2013
Texas Community Bank TX December 13, 2013

Failed Banks in 2014

Name State Closing Date
DuPage National Bank IL January 17, 2014
The Bank of Union OK January 24, 2014
Syringa Bank ID January 31, 2014
Vantage Point Bank PA February 28, 2014
Millenium Bank VA February 28, 2014
Allendale County Bank SC April 15, 2014
AztecAmerica Bank IL May 16, 2014
Columbia Savings Bank OH May 23, 2014
Slavie Federal Savings Bank MD May 30, 2014
Valley Bank FL June 20, 2014
Valley Bank IL June 20, 2014
The Freedom State Bank OK June 27, 2014
Eastside Commercial Bank GA July 18, 2014
GreenChoice Bank IL July 25, 2014
NBRS Financial MD October 17, 2014
The National Republic Bank of Chicago IL October 24, 2014
Frontier Bank CA November 7, 2014
Northern Star Bank MN December 19, 2014

Failed Banks in 2015

Name State Closing Date
First National Bank of Crestview FL January 16, 2015
Highland Community Bank IL January 23, 2015
Capital City Bank & Trust GA February 13, 2015
Doral Bank PR February 27, 2015
Edgebrook Bank IL May 8, 2015
Premier Bank CO July 10, 2015
Hometown National Bank WA October 2, 2015
The Bank of Georgia GA October 2, 2015

Failed Banks in 2016

Name State Closing Date
North Milwaukee State Bank WI March 11, 2016
Trust Company Bank TN April 29, 2016
First CornerStone Bank PA May 6, 2016
The Woodbury Banking Company GA August 19, 2016
Allied Bank AR September 23, 2016

Failed Banks in 2017

Name State Closing Date
Harvest Community Bank NJ January 13, 2017
Seaway Bank and Trust Company IL January 27, 2017
Proficio Bank UT March 3, 2017
First NBC Bank LA April 28, 2017
Guaranty Bank WI May 5, 2017
Fayette County Bank IL May 26, 2017
The Farmers and Merchants State Bank of Argoni KS October 13, 2017
Washington Federal Bank for Savings IL December 15, 2017

Failed Banks in 2018

No bank failures were recorded.

Failed Banks in 2019

Name State Closing Date
The Enloe State Bank TX May 31, 2019
Resolute Bank OH October 25, 2019
Louisa Community Bank KY October 25, 2019
City National Bank of New Jersey NJ November 1, 2019

Failed Banks in 2020

Name State Closing Date
Ericson State Bank NE February 14, 2020
The First State Bank WV April 3, 2020
First City Bank of Florida FL October 16, 2020
Almena State Bank KS October 23, 2020

Failed Banks in 2021

No bank failures were recorded.

Failed Banks in 2022

No bank failures were recorded.

Failed Banks in 2023

Name State Closing Date
Silicon Valley Bank CA March 10, 2023
Signature Bank NY March 12, 2023
First Republic Bank CA May 1, 2023

Source: FDIC List of Failed Banks

Steps To Take if You’re Concerned About Banks Failing

If you’re worried about banks failing, there are steps you can take.

First and foremost, only deposit funds with an FDIC-insured bank. If you have over $250,000 to deposit, spread the wealth, placing the funds at various banks, and not all at one, so you don’t have more than is insured at one bank.

If you’re married or have someone you can put on the account as a joint account holder, you get double the typical $250,000 coverage, as it’s $250,000 per person.

You can also consider other account types with different rules, such as trust or retirement accounts. Always ask what the depository rules are and how you’d be insured in the face of a bank failure before choosing accounts.

Final Thoughts

Failed banks are never fun to deal with, but if you handle the accounts properly and ensure you are protected no matter what happens to the bank, you don’t have much to worry about.

While you might be without your funds for a day or two if a bank fails, you won’t lose your funds if the account is FDIC-insured.

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