Bank Failures in Brief - 2003

Bank Failures in Brief

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The list of Bank Failures in Brief is updated through November 14, 2003. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662). 

2003
BIF = Bank Insurance Fund
SAIF = Savings Association Insurance Fund
November 14 (BIF)
Pulaski Savings Bank, Philadelphia, Pennsylvania with  total deposits of approximately $9.2 million and total assets of about $10.2 million, was assumed by Earthstar Bank, South Hampton, Pennsylvania.  (PR-107-2003)
May 9 (BIF)
First National Bank of Blanchardville, Blanchardville, Wisconsin, with  total deposits of approximately $29 million and total assets of about $35 million, was assumed by The Park Bank, Madison, Wisconsin.  (PR-47-2003; PR-48-2003)

February 7 (BIF)
Southern Pacific Bank of Torrance, California, with  total deposits of approximately $865 million and total assets of about $916 million, was assumed by Beal Bank of Plano, Texas.  (PR-11-2003)