2002 Summary by Month
(Approximate asset dollar volume based on figures from the press releases)
| Months | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank Failures | 2 | 2 | 2 | 0 | 0 | 2 | 0 | 0 | 1 | 0 | 1 | 1 |
| Total Assets (Millions) | $1,310.8 | $772.3 | $53.7 | $0 | $0 | $450.2 | $0 | $0 | $12.0 | $0 | $69.4 | $37.0 |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Farmers Bank & Trust of Cheneyville, Cheneyville, LA | PR-131-2002 | $37.0 | $33.1 | Sabine State Bank and Trust Company, Many, LA agreed to assume all insured deposit accounts.(BIF) |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Bank of Alamo, Alamo, TN | PR-120-2002 | $69.4 | $55.3 | The FDIC has approved the payout of the insured deposits of Bank of Alamo. (BIF) |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| AmTrade International Bank, Atlanta, GA | PR-100-2002 | $12.0 | $10.2 | The FDIC has approved the payout of the insured deposits of AmTrade International Bank. (BIF) |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Universal Federal Savings Bank, Chicago, IL | PR-81-2002, PR-76-2002 | $51.6 | $40.0 | Chicago Community Bank, Chicago, IL agreed to assume all deposits. (SAIF) |
|
| Connecticut Bank of Commerce, Stamford, CT | PR-80-2002, PR-74-2002 | $398.6 | $323.7 | Hudson United Bank, Mahwah, NJ agreed to assume all insured deposit accounts. (BIF) |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| New Century Bank, Shelby Township, MI | PR-38-2002 | $19.0 | $18.0 | The FDIC has approved the payout of the insured deposits of New Century Bank. (BIF) |
|
| Net First National Bank, Boca Raton, FL | PR-26-2002 | $34.7 | $23.9 | Bank Leumi USA of New York, NY agreed to assume all deposits. (BIF) |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| NextBank, NA, Phoenix, AZ | PR-16-2002 | $700.0 | $554.0 | The FDIC has approved the payout of the insured deposits of NextBank, N.A. (BIF) |
|
| Oakwood Deposit Bank Co., Oakwood, OH | PR-11-2002, PR-10-2002 | $72.3 | $60.2 | The State Bank and Trust Company of Defiance, OH agreed to assume all insured deposit accounts. (BIF) |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Bank of Sierra Blanca, Sierra Blanca, TX | PR-5-2002 | $10.8 | $9.8 | The Security State Bank of Pecos, Pecos, TX greed to assume all insured deposit accounts. (BIF) |
|
| Hamilton Bank, N.A., Miami, FL | PR-3-2002 | $1,300.0 | $1,200.0 | Israel Discount Bank of New York, New York, NY greed to assume all insured deposit accounts. (BIF) |