Failed Bank List

51 failures · $11.6 billion in assets

Bank failures in 2012

51 insured banks failed in 2012, down from 92 in 2011. Together they reported $11.6 billion in assets, and the FDIC's estimated loss on them is $2.4 billion. The largest was Tennessee Commerce Bank of Franklin, Tennessee, at $1.0 billion. Georgia led with 10 failures, ahead of Florida with 8.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 2012 by week of closingThe First State Bank, 2012-01-20Central Florida State Bank, 2012-01-20American Eagle Savings Bank, 2012-01-20Tennessee Commerce Bank, 2012-01-27First Guaranty Bank and Trust Company of Jacksonville, 2012-01-27BankEast, 2012-01-27Patriot Bank Minnesota, 2012-01-27SCB Bank, 2012-02-10Charter National Bank and Trust, 2012-02-10Home Savings of America, 2012-02-24Central Bank of Georgia, 2012-02-24Global Commerce Bank, 2012-03-02New City Bank, 2012-03-09Premier Bank, 2012-03-23Covenant Bank & Trust, 2012-03-23Fidelity Bank, 2012-03-30Fort Lee Federal Savings Bank, FSB, 2012-04-20Inter Savings Bank, fsb D/B/A InterBank, fsb, 2012-04-27Plantation Federal Bank, 2012-04-27HarVest Bank of Maryland, 2012-04-27Bank of the Eastern Shore, 2012-04-27Palm Desert National Bank, 2012-04-27Security Bank, National Association, 2012-05-04Alabama Trust Bank, National Association, 2012-05-18Waccamaw Bank, 2012-06-08Carolina Federal Savings Bank, 2012-06-08First Capital Bank, 2012-06-08Farmers' and Traders' State Bank, 2012-06-08Putnam State Bank, 2012-06-15The Farmers Bank of Lynchburg, 2012-06-15Security Exchange Bank, 2012-06-15Montgomery Bank & Trust, 2012-07-06Glasgow Savings Bank, 2012-07-13First Cherokee State Bank, 2012-07-20Second Federal Savings and Loan Association of Chicago, 2012-07-20Georgia Trust Bank, 2012-07-20Heartland Bank, 2012-07-20The Royal Palm Bank of Florida, 2012-07-20Jasper Banking Company, 2012-07-27Waukegan Savings Bank, 2012-08-03First Commercial Bank, 2012-09-07Truman Bank, 2012-09-14First United Bank, 2012-09-28Excel Bank, 2012-10-19GulfSouth Private Bank, 2012-10-19First East Side Savings Bank, 2012-10-19NOVA Bank, 2012-10-26Citizens First National Bank, 2012-11-02Heritage Bank of Florida, 2012-11-02Hometown Community Bank, 2012-11-16Community Bank of the Ozarks, 2012-12-14JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. 100% of these closings fell on a Friday. The busiest day was Friday, July 20, 2012, with five banks closed. The median estimated loss was 21% of a failed bank's assets.

Where they failed

Failures by state in 2012: Georgia 10, Florida 8, Illinois 8, Minnesota 4, Missouri 4, Tennessee 3, Pennsylvania 2, South Carolina 2, Maryland 2, Indiana 1, Michigan 1, New Jersey 1 and others.

Explore

Filter and sort the 2012 failures by state, size or loss. Other years: 2011 · 2013.

All 51 failures in 2012, in closing order
ClosedBankLocationAcquired byTotal assetsEst. loss
January 20, 2012The First State BankStockbridge, GAHamilton State Bank$517 million$192 million
January 20, 2012Central Florida State BankBelleview, FLCenterState Bank of Florida, N.A.$71.5 million$13.7 million
January 20, 2012American Eagle Savings BankBoothwyn, PACapital Bank, N.A.$19.3 million$4.7 million
January 27, 2012Tennessee Commerce BankFranklin, TNRepublic Bank & Trust Company$1.0 billion$352 million
January 27, 2012First Guaranty Bank and Trust Company of JacksonvilleJacksonville, FLCenterState Bank of Florida, N.A.$397 million$54.4 million
January 27, 2012BankEastKnoxville, TNU.S. Bank, N.A.$262 million$74.1 million
January 27, 2012Patriot Bank MinnesotaForest Lake, MNFirst Resource Bank$105 million$35.3 million
February 10, 2012SCB BankShelbyville, INFirst Merchants Bank, National Association$183 million$38.3 million
February 10, 2012Charter National Bank and TrustHoffman Estates, ILBarrington Bank & Trust Company, National Association$93.9 million$18.5 million
February 24, 2012Home Savings of AmericaLittle Falls, MNNo acquirer (payout)$434 million$43.0 million
February 24, 2012Central Bank of GeorgiaEllaville, GAAmeris Bank$279 million$51.8 million
March 2, 2012Global Commerce BankDoraville, GAMetro City Bank$144 million$40.3 million
March 9, 2012New City BankChicago, ILNo acquirer (payout)$71.2 million$13.2 million
March 23, 2012Premier BankWilmette, ILInternational Bank of Chicago$269 million$69.3 million
March 23, 2012Covenant Bank & TrustRock Spring, GAStearns Bank, N.A.$95.7 million$30.3 million
March 30, 2012Fidelity BankDearborn, MIThe Huntington National Bank$818 million$97.2 million
April 20, 2012Fort Lee Federal Savings Bank, FSBFort Lee, NJAlma Bank$48.9 million$11.9 million
April 27, 2012Inter Savings Bank, fsb D/B/A InterBank, fsbMaple Grove, MNGreat Southern Bank$464 million$79.7 million
April 27, 2012Plantation Federal BankPawleys Island, SCFirst Federal Bank$434 million$83.2 million
April 27, 2012HarVest Bank of MarylandGaithersburg, MDSonabank$163 million$26.7 million
April 27, 2012Bank of the Eastern ShoreCambridge, MDNo acquirer (payout)$162 million$57.9 million
April 27, 2012Palm Desert National BankPalm Desert, CAPacific Premier Bank$129 million$26.3 million
May 4, 2012Security Bank, National AssociationNorth Lauderdale, FLBanesco USA$101 million$15.1 million
May 18, 2012Alabama Trust Bank, National AssociationSylacauga, ALSouthern States Bank$51.6 million$10.7 million
June 8, 2012Waccamaw BankWhiteville, NCFirst Community Bank$533 million$23.8 million
June 8, 2012Carolina Federal Savings BankCharleston, SCBank of North Carolina$54.4 million$17.6 million
June 8, 2012First Capital BankKingfisher, OKF & M Bank$44.4 million$8.7 million
June 8, 2012Farmers' and Traders' State BankShabbona, ILFirst State Bank$43.1 million$10.2 million
June 15, 2012Putnam State BankPalatka, FLHarbor Community Bank$169 million$28.8 million
June 15, 2012The Farmers Bank of LynchburgLynchburg, TNClayton Bank and Trust$164 million$33.1 million
June 15, 2012Security Exchange BankMarietta, GAFidelity Bank$151 million$44.8 million
July 6, 2012Montgomery Bank & TrustAiley, GAAmeris Bank$153 million$65.8 million
July 13, 2012Glasgow Savings BankGlasgow, MORegional Missouri Bank$22.3 million$1.4 million
July 20, 2012First Cherokee State BankWoodstock, GACommunity & Southern Bank$209 million$36.2 million
July 20, 2012Second Federal Savings and Loan Association of ChicagoChicago, ILHinsdale Bank & Trust Company$191 million$86.3 million
July 20, 2012Georgia Trust BankBuford, GACommunity & Southern Bank$117 million$25.3 million
July 20, 2012Heartland BankLeawood, KSMetcalf Bank$96.0 million$363 thousand
July 20, 2012The Royal Palm Bank of FloridaNaples, FLFirst National Bank of the Gulf Coast$78.8 million$16.8 million
July 27, 2012Jasper Banking CompanyJasper, GAStearns Bank N.A.$207 million$49.2 million
August 3, 2012Waukegan Savings BankWaukegan, ILFirst Midwest Bank$83.7 million$23.5 million
September 7, 2012First Commercial BankBloomington, MNRepublic Bank & Trust Company$216 million$65.2 million
September 14, 2012Truman BankSt. Louis, MOSimmons First National Bank$282 million$39.5 million
September 28, 2012First United BankCrete, ILOld Plank Trail Community Bank, National Association$328 million$33.8 million
October 19, 2012Excel BankSedalia, MOSimmons First National Bank$186 million$29.6 million
October 19, 2012GulfSouth Private BankDestin, FLSmartBank$139 million$40.3 million
October 19, 2012First East Side Savings BankTamarac, FLStearns Bank N.A.$65.7 million$12.4 million
October 26, 2012NOVA BankBerwyn, PANo acquirer (payout)$445 million$85.4 million
November 2, 2012Citizens First National BankPrinceton, ILHeartland Bank and Trust Company$924 million$32.5 million
November 2, 2012Heritage Bank of FloridaLutz, FLCentennial Bank$225 million$73.8 million
November 16, 2012Hometown Community BankBraselton, GACertusBank, National Association$125 million$39.7 million
December 14, 2012Community Bank of the OzarksSunrise Beach, MOBank of Sullivan$42.8 million$13.4 million