24 failures · $6.0 billion in assets
Bank failures in 2013
24 insured banks failed in 2013, down from 51 in 2012. Together they reported $6.0 billion in assets, and the FDIC's estimated loss on them is $1.2 billion. The largest was First National Bank also operating as The National Bank of El Paso of Edinburg, Texas, at $3.1 billion. Florida led with 4 failures, ahead of Georgia with 3.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 2013: Florida 4, Georgia 3, Arizona 3, North Carolina 2, Wisconsin 2, Tennessee 2, Texas 2, Washington 1, Minnesota 1, Illinois 1, Kentucky 1, Nevada 1 and others.
Explore
Filter and sort the 2013 failures by state, size or loss. Other years: 2012 · 2014.
| Closed | Bank | Location | Acquired by | Total assets | Est. loss |
|---|---|---|---|---|---|
| January 11, 2013 | Westside Community Bank | University Place, WA | Sunwest Bank | $91.9 million | $22.9 million |
| January 18, 2013 | 1st Regents Bank | Andover, MN | First Minnesota Bank | $49.6 million | $12.2 million |
| February 15, 2013 | Covenant Bank | Chicago, IL | Liberty Bank and Trust Company | $58.4 million | $19.6 million |
| March 8, 2013 | Frontier Bank | LaGrange, GA | HeritageBank of the South | $259 million | $73.4 million |
| April 5, 2013 | Gold Canyon Bank | Gold Canyon, AZ | First Scottsdale Bank, National Association | $42.1 million | $8.3 million |
| April 19, 2013 | Heritage Bank of North Florida | Orange Park, FL | FirstAtlantic Bank | $104 million | $25.2 million |
| April 19, 2013 | First Federal Bank | Lexington, KY | Your Community Bank | $93.0 million | $7.8 million |
| April 19, 2013 | Chipola Community Bank | Marianna, FL | First Federal Bank of Florida | $37.5 million | $7.9 million |
| April 26, 2013 | Douglas County Bank | Douglasville, GA | Hamilton State Bank | $317 million | $89.6 million |
| April 26, 2013 | Parkway Bank | Lenoir, NC | CertusBank, National Association | $110 million | $16.5 million |
| May 10, 2013 | Sunrise Bank | Valdosta, GA | Synovus Bank | $60.8 million | $16.0 million |
| May 10, 2013 | Pisgah Community Bank | Asheville, NC | Capital Bank, N.A. | $21.9 million | $7.9 million |
| May 14, 2013 | Central Arizona Bank | Scottsdale, AZ | Western State Bank | $31.6 million | $5.4 million |
| May 31, 2013 | Banks of Wisconsin d/b/a Bank of Kenosha | Kenosha, WI | North Shore Bank, FSB | $134 million | $22.5 million |
| June 6, 2013 | 1st Commerce Bank | North Las Vegas, NV | Plaza Bank | $20.2 million | $5.2 million |
| June 7, 2013 | Mountain National Bank | Sevierville, TN | First Tennessee Bank, National Association | $437 million | $33.3 million |
| August 2, 2013 | First Community Bank of Southwest Florida (also operating as Community Bank of Cape Coral) | Fort Myers, FL | C1 Bank | $247 million | $24.9 million |
| August 9, 2013 | Bank of Wausau | Wausau, WI | Nicolet National Bank | $43.6 million | $13.4 million |
| August 23, 2013 | Community South Bank | Parsons, TN | CB&S Bank, Inc. | $387 million | $130 million |
| August 23, 2013 | Sunrise Bank of Arizona | Phoenix, AZ | First Fidelity Bank, National Association | $202 million | $15.4 million |
| September 13, 2013 | First National Bank also operating as The National Bank of El Paso | Edinburg, TX | PlainsCapital Bank | $3.1 billion | $616 million |
| September 13, 2013 | The Community's Bank | Bridgeport, CT | No acquirer (payout) | $26.4 million | $9.2 million |
| October 30, 2013 | Bank of Jackson County | Graceville, FL | First Federal Bank of Florida | $24.7 million | $5.8 million |
| December 13, 2013 | Texas Community Bank, National Association | The Woodlands, TX | Spirit of Texas Bank, SSB | $159 million | $14.2 million |