Failed Bank List

4 failures ยท $455 million in assets

Bank failures in 2020

Four insured banks failed in 2020, as many as in 2019. Together they reported $455 million in assets, and the FDIC's estimated loss on them is $90.1 million. The largest was The First State Bank of Barboursville, West Virginia, at $152 million.

Week by week

  • $1 billion or more
  • $100 million to $1 billion
  • under $100 million
Bank failures in 2020 by week of closingEricson State Bank, 2020-02-14The First State Bank, 2020-04-03First City Bank of Florida, 2020-10-16Almena State Bank, 2020-10-23JanFebMarAprMayJunJulAugSepOctNovDec
One square per failed bank, stacked in the week it closed. The median estimated loss was 24% of a failed bank's assets.

Where they failed

Failures by state in 2020: Nebraska 1, West Virginia 1, Florida 1, Kansas 1.

Explore

Filter and sort the 2020 failures by state, size or loss. Other years: 2019.

All 4 failures in 2020, in closing order
ClosedBankLocationAcquired byTotal assetsEst. loss
February 14, 2020Ericson State BankEricson, NEFarmers and Merchants Bank$101 million$23.3 million
April 3, 2020The First State BankBarboursville, WVMVB Bank, Inc.$152 million$43.7 million
October 16, 2020First City Bank of FloridaFort Walton Beach, FLUnited Fidelity Bank, fsb$137 million$7.2 million
October 23, 2020Almena State BankAlmena, KSEquity Bank$65.7 million$15.9 million