Failed Bank List

8 failures ยท $1.6 billion in assets

Bank failures in 1999

Eight insured banks failed in 1999, up from 3 in 1998. Together they reported $1.6 billion in assets, and the FDIC's estimated loss on them is $591 million. The largest was The First National Bank of Keystone of Keystone, West Virginia, at $1.1 billion.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 1999 by week of closingVictory State Bank, 1999-03-26Zia New Mexico Bank, 1999-04-23East Texas National Bank of Marshall, 1999-07-09Oceanmark Bank, A FSB, 1999-07-09The First National Bank of Keystone, 1999-09-01Peoples National Bank of Commerce, Miami, 1999-09-10Pacific Thrift and Loan Company, 1999-11-22Golden City Commercial Bank, 1999-12-10JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. 75% of these closings fell on a Friday. The median estimated loss was 9.1% of a failed bank's assets.

Where they failed

Failures by state in 1999: Florida 2, South Carolina 1, New Mexico 1, Texas 1, West Virginia 1, California 1, New York 1.

Explore

Filter and sort the 1999 failures by state, size or loss. Other years: 2000.

All 8 failures in 1999, in closing order
ClosedBankLocationTotal assetsEst. loss
March 26, 1999Victory State BankColumbia, SC$13.2 millionnone
April 23, 1999Zia New Mexico BankTucumcari, NM$17.3 million$2.2 million
July 9, 1999East Texas National Bank of MarshallMarshall, TX$122 million$9.9 million
July 9, 1999Oceanmark Bank, A FSBNorth Miami Beach, FL$69.0 million$1.2 million
September 1, 1999The First National Bank of KeystoneKeystone, WV$1.1 billion$532 million
September 10, 1999Peoples National Bank of Commerce, MiamiMiami, FL$36.8 million$3.3 million
November 22, 1999Pacific Thrift and Loan CompanyWoodland Hills, CA$127 million$42.0 million
December 10, 1999Golden City Commercial BankNew York, NY$87.2 millionnot estimated