Failed Bank List

18 failures · $2.9 billion in assets

Bank failures in 2014

18 insured banks failed in 2014, down from 24 in 2013. Together they reported $2.9 billion in assets, and the FDIC's estimated loss on them is $375 million. The largest was The National Republic Bank of Chicago of Chicago, Illinois, at $843 million. The costliest for the insurance fund was The Bank of Union, at an estimated $93.3 million. Illinois led with 5 failures, ahead of Oklahoma with 2.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 2014 by week of closingDuPage National Bank, 2014-01-17The Bank of Union, 2014-01-24Syringa Bank, 2014-01-31Millennium Bank, National Association, 2014-02-28Vantage Point Bank, 2014-02-28Allendale County Bank, 2014-04-25AztecAmerica Bank, 2014-05-16Columbia Savings Bank, 2014-05-23Slavie Federal Savings Bank, 2014-05-30Valley Bank, 2014-06-20Valley Bank, 2014-06-20The Freedom State Bank, 2014-06-27Eastside Commercial Bank, 2014-07-18GreenChoice Bank, fsb, 2014-07-25NBRS Financial, 2014-10-17The National Republic Bank of Chicago, 2014-10-24Frontier Bank, FSB D/B/A El Paseo Bank, 2014-11-07Northern Star Bank, 2014-12-19JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. 100% of these closings fell on a Friday. The median estimated loss was 13% of a failed bank's assets.

Where they failed

Failures by state in 2014: Illinois 5, Oklahoma 2, Maryland 2, Idaho 1, Virginia 1, Pennsylvania 1, South Carolina 1, Ohio 1, Florida 1, Georgia 1, California 1, Minnesota 1.

Explore

Filter and sort the 2014 failures by state, size or loss. Other years: 2013 · 2015.

All 18 failures in 2014, in closing order
ClosedBankLocationAcquired byTotal assetsEst. loss
January 17, 2014DuPage National BankWest Chicago, ILRepublic Bank of Chicago$53.5 million$1.5 million
January 24, 2014The Bank of UnionEl Reno, OKBancFirst$317 million$93.3 million
January 31, 2014Syringa BankBoise, IDSunwest Bank$153 million$3.5 million
February 28, 2014Millennium Bank, National AssociationSterling, VAWashingtonFirst Bank$130 million$10.9 million
February 28, 2014Vantage Point BankHorsham, PAFirst Choice Bank$63.5 million$9.0 million
April 25, 2014Allendale County BankFairfax, SCPalmetto State Bank$49.5 million$22.1 million
May 16, 2014AztecAmerica BankBerwyn, ILRepublic Bank of Chicago$66.3 million$21.7 million
May 23, 2014Columbia Savings BankCincinnati, OHUnited Fidelity Bank, fsb$36.5 million$7.2 million
May 30, 2014Slavie Federal Savings BankBel Air, MDBay Bank, FSB$140 million$11.0 million
June 20, 2014Valley BankMoline, ILGreat Southern Bank$456 million$47.8 million
June 20, 2014Valley BankFort Lauderdale, FLLandmark Bank, National Association$81.8 million$5.4 million
June 27, 2014The Freedom State BankFreedom, OKAlva State Bank & Trust Company$22.8 million$3.7 million
July 18, 2014Eastside Commercial BankConyers, GACommunity & Southern Bank$174 million$38.3 million
July 25, 2014GreenChoice Bank, fsbChicago, ILProvidence Bank, LLC$70.3 million$18.4 million
October 17, 2014NBRS FinancialRising Sun, MDHoward Bank$155 million$19.8 million
October 24, 2014The National Republic Bank of ChicagoChicago, ILState Bank of Texas$843 million$54.4 million
November 7, 2014Frontier Bank, FSB D/B/A El Paseo BankPalm Desert, CABank of Southern California, N.A.$80.7 million$2.9 million
December 19, 2014Northern Star BankMankato, MNBankVista$18.8 million$3.9 million