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Bank Failures

2020 in Brief

There were 4 bank failures in 2020. See detailed descriptions below.

For more bank failure information on a specific year, select a date from the drop down menu to the right or select a month within the graph.

2020 Summary by Month

(Approximate asset dollar volume based on figures from the press releases)

Months Oct Oct Apr Feb
Bank Failures 1 1 1 1
Approx. Asset (Millions) 70.00 134.70 152.40 100.90
October Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Almena State Bank, Almena, KS PR-119-2020 $70.0 $68.7 Equity Bank has agreed to assume all deposits.
First City Bank of Florida, Fort Walton Beach, FL PR-112-2020 $134.7 $131.4 United Fidelity Bank, fsb has agreed to assume all deposits.
April Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
The First State Bank, Barboursville, WV PR-46-2020 $152.4 $139.5

MVB Bank has agreed to assume all deposits excluding certain brokered deposits.retain the remaining assets for later disposition.
February Back to Top
Bank Name Press Release Closing Date Approx. Asset (Millions) Approx. Deposit (Millions) Acquirer & Transaction
Ericson State Bank, Ericson, NE PR-11-2020 $100.9 $95.2 Farmers and Merchants Bank has agreed to assume all deposits.