Bank Failures in Brief
There were 4 bank failures in 2001. The list of Bank Failures
in Brief was updated through September 7, 2001. Please
address questions on this subject to the Customer Service Hotline
BIF = Bank Insurance Fund
SAIF = Savings Association Insurance
Sinclair National Bank, Gravette, Arkansas, with
total assets of approximately $30.7 million and insured deposits of about
$25.3 million, was assumed by Delta Trust and Bank, Parkdale, Arkansas.
The Federal Deposit Insurance Corporation today
transferred the insured deposits and substantially all the assets of
Superior Bank, FSB, Hinsdale, Illinois, to Superior Federal, FSB (New
Superior), a newly chartered, full-service mutual savings bank. Superior
Bank, with total assets of $2.3 billion and total deposits of $1.6
billion, was closed earlier today by the Office of Thrift Supervision, and
the FDIC was named conservator (PR-52-2001).
The Malta National Bank, Malta, Ohio, with total
deposits of approximately $8.8 million and total assets of $9.5 million,
was assumed by North Valley Bank, Zanesville, Ohio (PR-32-2001).
February 2 (BIF)
Alliance Bank Alliance Bank and Trust Company, Manchester, New Hampshire,
with total assets of approximately $18.4 million and total deposits of
about $17.5 million assumed by Southern New Hampshire Bank and Trust
Company, Salem, New Hampshire (PR-11-2001).