banking

2012 list of failed banks

This list shows the U.S. banks that have failed this year, and is updated weekly.

Most of the banks are acquired, and the cost to the Deposit Insurance Fund, or DIF, which backs up the Federal Deposit Insurance Corp.'s promise to reimburse customers, is shown in the right column.

Check your own bank's safety using Bankrate's Safe & Sound bank ratings.

These are the U.S. banks that failed in 2011.

2012 list of failed banks

Failed banksDate closedEstimated cost to DIF ($millions)
Community Bank of the Ozarks, Sunrise Beach, MO12/14/201210.4
Hometown Community Bank, Braselton, GA11/16/201236.7
Citizens First National Bank, Princeton, IL11/2/201245.2
Heritage Bank of Florida, Lutz, FL11/2/201265.5
NOVA Bank, Berwyn, PA10/26/201291.2
GulfSouth Private Bank, Destin, FL10/19/201236.1
First East Side Savings Bank, Tamarac, FL10/19/20129.1
Excel Bank, Sedalia, MO10/19/201240.9
First United Bank, Crete, IL9/28/201248.6
Truman Bank, St. Louis, MO9/14/201234.0
First Commercial Bank, Bloomington, MN9/7/201263.9
Waukegan Savings Bank, Waukegan, IL8/3/201219.8
Jasper Banking Company, Jasper, GA7/27/201258.1
Royal Palm Bank, Naples, FL7/20/201213.5
Georgia Trust Bank, Buford, GA7/20/201220.9
First Cherokee State Bank, Woodstock, GA7/20/201236.9
Heartland Bank, Leawood, KS7/20/20123.1
Second Federal Savings and Loan Association of Chicago, Chicago, IL7/20/201276.9
Farmers Bank of Lynchburg, Lynchburg, TN6/15/201228.3
Security Exchange Bank, Marietta, GA6/15/201234.3
Putnam State Bank, Palatka, FL6/15/201237.4
Waccamaw Bank, Whiteville, NC6/8/201251.1
Farmers and Traders State Bank, Shabbona, IL6/8/20128.9
Carolina Federal Savings Bank, Charleston, SC6/8/201215.2
First Capital Bank, Kingfisher, OK6/8/20125.6
Alabama Trust Bank, National Association, Sylacuaga, AL5/18/20128.9
Security Bank, National Association, North Lauderdale, FL5/4/201210.8
Palm Desert National Bank, Palm Desert, CA4/27/201220.1
Plantation Federal Bank, Pawleys Island, SC4/27/201276.0
Inter Savings Bank, Maple Grove, MN4/27/2012117.5
HarVest Bank of Maryland, Gaithersburg, MD4/27/201217.2
Bank of the Eastern Shore, Cambridge, MD4/27/201241.8
Fort Lee Federal Saving Bank, FSB, Fort Lee, NJ4/20/201214.0
Fidelity Bank, Dearborn, MI3/30/201292.8
International Bank of Chicago, Chicago, IL3/23/201264.1
Covenant Bank & Trust, Rock Spring, GA3/23/201231.5
New City Bank, Chicago, IL3/9/201217.4
Global Commerce Bank, Doraville, GA3/2/201217.9
Home Savings of America, Little Falls, MN2/24/201238.8
Central Bank of Georgia, Ellaville, GA2/24/201267.5
Charter National Bank and Trust, IL2/10/201217.4
SCB Bank, Shelbyville, IN2/10/201233.9
BankEast, Knoxville, TN1/27/201275.6
Patriot Bank Minnesota, Forest Lake, MN1/27/201232.6
First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, FL1/27/201282.0
Tennessee Commerce Bank, Franklin, TN1/27/2012416.8
American Eagle Savings Bank, Boothwyn, PA1/20/20123.2
The First State Bank, Stockbridge, GA1/20/2012216.2
Central Florida State Bank, Belleview, FL1/20/201224.4
Montgomery Bank & Trust, Ailey, GA7/6/201275.2
Glasgow Savings Bank, Glasgow, Mo.7/13/20120.1

 

 

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