Bank Failures in Brief - 2013, through June 7, 2013

Bank Failures in Brief

2013

The list of Bank Failures in Brief is updated through June 7, 2013. Please address questions on this subject to the Customer Service Hotline (Telephone: 1-888-206-4662).

June

• Mountain National Bank, Sevierville, TN with approximately $437.3 million in total assets and $373.4 million in total deposits was closed. First Tennessee Bank, National Association has agreed to assume all deposits excluding certain brokered deposits.
  (PR-050-2013)
• 1st Commerce Bank, North Las Vegas, NV with approximately $20.2 million in total assets and $19.6 million in total deposits was closed. Plaza Bank has agreed to assume all deposits.
  (PR-049-2013)

May

• Banks of Wisconsin, which did business as Bank of Kenosha, Kenosha, WI with approximately $134.0 million in total assets and $127.6 million in total deposits was closed. North Shore Bank, FSB has agreed to assume all deposits excluding certain brokered deposits.
  (PR-046-2013)
• Central Arizona Bank, Scottsdale, AZ with approximately $31.6 million in total assets and $30.8 million in total deposits was closed. Western State Bank has agreed to assume all deposits.
  (PR-040-2013)
• Sunrise Bank, Valdosta, GA with approximately $60.8 million in total assets and $57.8 million in total deposits was closed. Synovus Bank has agreed to assume all deposits.
  (PR-038-2013)
• Pisgah Community Bank, Asheville, NC with approximately $21.9 million in total assets and $21.2 million in total deposits was closed. Capital Bank, N.A. has agreed to assume all deposits.
  (PR-037-2013)

April

• Douglas County Bank, Douglasville, GA with approximately $316.5 million in total assets and $314.3 million in total deposits was closed. Hamilton State Bank has agreed to assume all deposits.
  (PR-034-2013)
• Parkway Bank, Lenoir, NC with approximately $108.6 million in total assets and $103.7 million in total deposits was closed. CertusBank, N.A. has agreed to assume all deposits.
  (PR-033-2013)
• Chipola Community Bank, Marianna, FL with approximately $39.2 million in total assets and $37.6 million in total deposits was closed. First Federal Bank of Florida has agreed to assume all deposits.
  (PR-030-2013)
• Heritage Bank of North Florida, Orange Park, FL with approximately $110.9 million in total assets and $108.5 million in total deposits was closed. FirstAtlantic Bank has agreed to assume all deposits.
  (PR-029-2013)
• First Federal Bank, Lexington, KY with approximately $100.1 million in total assets and $93.9 million in total deposits was closed. Your Community Bank has agreed to assume all deposits.
  (PR-028-2013)
• Gold Canyon Bank, Gold Canyon, AZ with approximately $45.2 million in total assets and $44.2 million in total deposits was closed. First Scottsdale Bank, National Association, has agreed to assume all deposits.
  (PR-026-2013)

March

• Frontier Bank, LaGrange, GA with approximately $258.8 million in total assets and $224.1 million in total deposits was closed. HeritageBank of the South has agreed to assume all deposits.
  (PR-018-2013)

February

• Covenant Bank, Chicago, IL with approximately $58.4 million in total assets and $54.2 million in total deposits was closed. Liberty Bank and Trust Company has agreed to assume all deposits excluding certain brokered deposits.
  (PR-010-2013)

January

• 1st Regents Bank, Andover, MN with approximately $50.2 million in total assets and $49.1 million in total deposits was closed. First Minnesota Bank has agreed to assume all deposits.
  (PR-005-2013)
• Westside Community Bank, University Place, WA with approximately $97.7 million in total assets and $96.5 million in total deposits was closed. Sunwest Bank has agreed to assume all deposits.
  (PR-002-2013)