8 failures ยท $5.1 billion in assets
Bank failures in 2017
Eight insured banks failed in 2017, up from 5 in 2016. Together they reported $5.1 billion in assets, and the FDIC's estimated loss on them is $1.0 billion. The largest was First NBC Bank of New Orleans, Louisiana, at $3.3 billion. Illinois led with 3 failures, ahead of New Jersey with 1.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 2017: Illinois 3, New Jersey 1, Utah 1, Louisiana 1, Wisconsin 1, Kansas 1.
Explore
Filter and sort the 2017 failures by state, size or loss. Other years: 2016.
| Closed | Bank | Location | Acquired by | Total assets | Est. loss |
|---|---|---|---|---|---|
| January 13, 2017 | Harvest Community Bank | Pennsville, NJ | First-Citizens Bank & Trust Company | $124 million | $22.2 million |
| January 27, 2017 | Seaway Bank and Trust Company | Chicago, IL | State Bank of Texas | $298 million | $43.7 million |
| March 3, 2017 | Proficio Bank | Cottonwood Heights, UT | Cache Valley Bank | $68.2 million | $10.1 million |
| April 28, 2017 | First NBC Bank | New Orleans, LA | Whitney Bank | $3.3 billion | $722 million |
| May 5, 2017 | Guaranty Bank, (d/b/a BestBank in Georgia & Michigan) | Milwaukee, WI | First-Citizens Bank & Trust Company | $1.0 billion | $132 million |
| May 26, 2017 | Fayette County Bank | Saint Elmo, IL | United Fidelity Bank, fsb | $34.4 million | $8.1 million |
| October 13, 2017 | The Farmers and Merchants State Bank of Argonia | Argonia, KS | Conway Bank | $33.0 million | $280 thousand |
| December 15, 2017 | Washington Federal Bank for Savings | Chicago, IL | Royal Savings Bank | $166 million | $75.0 million |