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Bank Failures

2014 in Brief

There were 18 bank failures in 2014. 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.

2014 Summary by Month

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

Months	Dec	Nov	Oct	Oct	Jul	Jul	Jun	Jun	Jun	May	May	May	Apr	Feb	Feb	Jan	Jan	Jan
Bank Failures	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Approx. Asset (Millions)	18.80	86.40	954.40	188.20	169.00	72.90	22.80	81.80	456.40	66.30	36.50	140.10	54.50	63.50	130.30	331.40	61.70	153.40

December Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Northern Star Bank, Mankato, MN	PR-112-2014	December 19, 2014	$18.8	$18.2	BankVista has agreed to assume all deposits.

November Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Frontier Bank, FSB D/B/A El Paseo Bank, Palm Desert, CA	PR-97-2014	November 7, 2014	$86.4	$82.1	Bank of Southern California, N.A. has agreed to assume all deposits.

October Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
The National Republic Bank of Chicago, Chicago, IL	PR-89-2014	October 24, 2014	$954.4	$915.3	State Bank of Texas has agreed to assume all deposits excluding certain brokered deposits.
NBRS Financial, Rising Sun, MD	PR-85-2014	October 17, 2014	$188.2	$183.1	Howard Bank has agreed to assume all deposits.

July Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
GreenChoice Bank, fsb, Chicago, IL	PR-62-2014	July 25, 2014	$72.9	$71.0	Providence Bank, LLC has agreed to assume all deposits.
Eastside Commercial Bank, Conyers, GA	PR-58-2014	July 18, 2014	$169.0	$161.6	Community & Southern Bank has agreed to assume all deposits.

June Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
The Freedom State Bank, Freedom, OK	PR-50-2014	June 27, 2014	$22.8	$20.9	Alva State Bank & Trust Company has agreed to assume all deposits.
Valley Bank, Moline, IL	PR-47-2014	June 20, 2014	$456.4	$360.0	Great Southern Bank has agreed to assume all deposits.
Valley Bank, Fort Lauderdale, FL	PR-48-2014	June 20, 2014	$81.8	$66.5	Landmark Bank, National Association has agreed to assume all deposits.

May Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Slavie Federal Savings Bank, Bel Air, MD	PR-41-2014	May 30, 2014	$140.1	$111.1	Bay Bank, FSB has agreed to assume all deposits.
Columbia Savings Bank, Cincinnati, OH	PR-36-2014	May 23, 2014	$36.5	$29.5	United Fidelity Bank, fsb has agreed to assume all deposits.
AztecAmerica Bank, Berwyn, IL	PR-34-2014	May 16, 2014	$66.3	$65.0	Republic Bank of Chicago has agreed to assume all deposits.

April Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Allendale County Bank, Fairfax, SC	PR-31-2014	April 25, 2014	$54.5	$51.0	Palmetto State Bank has agreed to assume all deposits.

February Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Millennium Bank, National Association, Sterling, VA	PR-16-2014	February 28, 2014	$130.3	$121.7	WashingtonFirst Bank has agreed to assume all deposits.
Vantage Point Bank, Horsham, PA	PR-17-2014	February 28, 2014	$63.5	$62.5	First Choice Bank has agreed to assume all deposits.

January Back to Top
Bank Name	Press Release	Closing Date	Approx. Asset (Millions)	Approx. Deposit (Millions)	Acquirer & Transaction
Syringa Bank, Boise, ID	PR-7-2014	January 31, 2014	$153.4	$145.1	Sunwest Bank has agreed to assume all deposits excluding certain brokered deposits.
The Bank of Union, El Reno, OK	PR-5-2014	January 24, 2014	$331.4	$328.8	BancFirst has agreed to assume all deposits excluding certain brokered deposits.
DuPage National Bank, West Chicago, IL	PR-4-2014	January 17, 2014	$61.7	$59.6	Republic Bank of Chicago has agreed to assume all deposits.