List of Failed Banks in the United States 2023

In this blog post, we will be reviewing the list of failed banks in the United States. It’s never good news when we hear about a bank failure, and unfortunately, there have been quite a few in the United States over the years. From Washington Mutual and IndyMac in 2008 to Guaranty Bank and First NBC Bank in 2017, these failures can have a big impact on customers, employees, and the economy as a whole. While there are often warning signs leading up to a bank failure, it can still be a shock and a disappointment to those affected.

List of Failed Banks

It’s important to remember, though, that the government has systems in place to help protect customers’ deposits and ensure that the banking industry remains stable overall. Banks are an important part of our financial system, but unfortunately, they can fail from time to time. There are a few reasons why this might happen. One common cause is undercapitalization, which means that the bank doesn’t have enough money to cover its obligations.

Another factor is loan quality – if a bank makes too many bad loans, it can end up losing a lot of money. Additionally, losses on investment securities can also contribute to a bank’s failure. When a bank fails, it can have a ripple effect on the economy and on the people who have accounts with that bank. That’s why it’s important for regulators to keep a close eye on banks and step in when necessary to prevent failures from happening.

ALSO READ: Which Banks Are in Danger of Failing or Collapse? 

According to recent reports, some banks failed in March 2023 due to their exposure to the cryptocurrency market. Specifically, several large banks in the United States had gained market exposure to cryptocurrency and cryptocurrency-related firms prior to and during the COVID-19 pandemic. Among these banks were Silvergate Bank, Silicon Valley Bank, and Signature Bank, which collapsed in March 2023  Additionally, undercapitalization, loan quality, and losses on investment securities are common reasons why banks may fail.

To prevent bank failures, regulators closely monitor banks and enforce regulations to ensure that they are adequately capitalized and managing risk appropriately. In addition, deposit insurance programs such as the Federal Deposit Insurance Corporation (FDIC) in the United States help protect customers’ deposits in the event of a bank failure.

ALSO READ: Banking Crisis Explained: Causes of Bank Collapse & its Prevention

List of Banks Examined for CRA Compliance – March 2023

The FDIC has issued its latest list of state nonmember banks that have been evaluated for compliance with the Community Reinvestment Act (CRA). The list contains evaluation ratings assigned by the FDIC to institutions in December 2022.

The CRA is a law that was passed in 1977 to encourage insured banks and thrifts to meet local credit needs, including those of low- and moderate-income neighborhoods, while also maintaining safe and sound operations. As part of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), Congress mandated that a rating and evaluation for each bank or thrift that undergoes a CRA examination on or after July 1, 1990, be made publicly available.

The list issued by the FDIC provides transparency and accountability in the banking industry by making these evaluation ratings publicly available. The purpose of this list is to provide the public, account holders, investors, and other stakeholders with valuable information on how banks are serving their local communities, particularly those in need. This information can help individuals make informed decisions about where to do business and can ensure that banks are held accountable for meeting their obligations under the CRA.

For account holders, the list can provide valuable insights into how their bank is performing in terms of CRA compliance. Customers who prioritize banking with institutions that are committed to serving the credit needs of their local communities may find this information particularly helpful.

In addition, the CRA evaluation ratings can help investors, community organizations, and other stakeholders assess the performance of individual banks in meeting the credit needs of their local communities. This can help to identify areas where improvement is needed and encourage greater investment in underserved communities.

To obtain a consolidated list of all state nonmember banks whose evaluations have been made publicly available since July 1, 1990, including the rating for each bank, individuals can contact the FDIC’s Public Information Center or visit their website. A copy of an individual bank’s CRA evaluation is available directly from the bank or from the FDIC’s Public Information Center, as required by law.

List of Recent Failed Banks [2021 – 2023]

Bank Name City State Acquiring Institution Closing Date
Signature Bank New York NY Flagstar Bank, N.A. March 12, 2023
Silicon Valley Bank Santa Clara CA Silicon Valley Bridge Bank, N.A. March 10, 2023

List of Recent Failed Banks [2015 – 2020]

Bank Name City State Acquiring Institution Closing Date
Almena State Bank Almena KS Equity Bank October 23, 2020
First City Bank of Florida Fort Walton Beach FL United Fidelity Bank, fsb October 16, 2020
The First State Bank Barboursville WV MVB Bank, Inc. April 3, 2020
Ericson State Bank Ericson NE Farmers and Merchants Bank February 14, 2020
City National Bank of New Jersey Newark NJ Industrial Bank November 1, 2019
Resolute Bank Maumee OH Buckeye State Bank October 25, 2019
Louisa Community Bank Louisa KY Kentucky Farmers Bank Corporation October 25, 2019
The Enloe State Bank Cooper TX Legend Bank, N. A. May 31, 2019
Washington Federal Bank for Savings Chicago IL Royal Savings Bank December 15, 2017
The Farmers and Merchants State Bank of Argonia Argonia KS Conway Bank October 13, 2017
Fayette County Bank Saint Elmo IL United Fidelity Bank, fsb May 26, 2017
Guaranty Bank, (d/b/a BestBank in Georgia & Michigan) Milwaukee WI First-Citizens Bank & Trust Company May 5, 2017
First NBC Bank New Orleans LA Whitney Bank April 28, 2017
Proficio Bank Cottonwood Heights UT Cache Valley Bank March 3, 2017
Seaway Bank and Trust Company Chicago IL State Bank of Texas January 27, 2017
Harvest Community Bank Pennsville NJ First-Citizens Bank & Trust Company January 13, 2017
Allied Bank Mulberry AR Today’s Bank September 23, 2016
The Woodbury Banking Company Woodbury GA United Bank August 19, 2016
First CornerStone Bank King of Prussia PA First-Citizens Bank & Trust Company May 6, 2016
Trust Company Bank Memphis TN The Bank of Fayette County April 29, 2016
North Milwaukee State Bank Milwaukee WI First-Citizens Bank & Trust Company March 11, 2016
Hometown National Bank Longview WA Twin City Bank October 2, 2015
The Bank of Georgia Peachtree City GA Fidelity Bank October 2, 2015
Premier Bank Denver CO United Fidelity Bank, fsb July 10, 2015
Edgebrook Bank Chicago IL Republic Bank of Chicago May 8, 2015
Doral Bank San Juan PR Banco Popular de Puerto Rico February 27, 2015
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Capitol City Bank & Trust Company Atlanta GA First-Citizens Bank & Trust Company February 13, 2015
Highland Community Bank Chicago IL United Fidelity Bank, fsb January 23, 2015
First National Bank of Crestview Crestview FL First NBC Bank January 16, 2015

List of Failed Banks [2013 – 2014]

Bank Name  City  State  Acquiring Institution  Closing Date 
Northern Star Bank Mankato MN BankVista 19-Dec-14
Frontier Bank, FSB D/B/A El Paseo Bank Palm Desert CA Bank of Southern California, N.A. 07-Nov-14
The National Republic Bank of Chicago Chicago IL State Bank of Texas 24-Oct-14
NBRS Financial Rising Sun MD Howard Bank 17-Oct-14
GreenChoice Bank, fsb Chicago IL Providence Bank, LLC 25-Jul-14
Eastside Commercial Bank Conyers GA Community & Southern Bank 18-Jul-14
The Freedom State Bank Freedom OK Alva State Bank & Trust Company 27-Jun-14
Valley Bank Fort Lauderdale FL Landmark Bank, National Association 20-Jun-14
Valley Bank Moline IL Great Southern Bank 20-Jun-14
Slavie Federal Savings Bank Bel Air MD Bay Bank, FSB 30-May-14
Columbia Savings Bank Cincinnati OH United Fidelity Bank, fsb 23-May-14
AztecAmerica Bank Berwyn IL Republic Bank of Chicago 16-May-14
Allendale County Bank Fairfax SC Palmetto State Bank 25-Apr-14
Vantage Point Bank Horsham PA First Choice Bank 28-Feb-14
Millennium Bank, National Association Sterling VA WashingtonFirst Bank 28-Feb-14
Syringa Bank Boise ID Sunwest Bank 31-Jan-14
The Bank of Union El Reno OK BancFirst 24-Jan-14
DuPage National Bank West Chicago IL Republic Bank of Chicago 17-Jan-14
Texas Community Bank, National Association The Woodlands TX Spirit of Texas Bank, SSB 13-Dec-13
Bank of Jackson County Graceville FL First Federal Bank of Florida 30-Oct-13
First National Bank also operating as The National Bank of El Paso Edinburg TX PlainsCapital Bank 13-Sep-13
The Community’s Bank Bridgeport CT No Acquirer 13-Sep-13
Sunrise Bank of Arizona Phoenix AZ First Fidelity Bank, National Association 23-Aug-13
Community South Bank Parsons TN CB&S Bank, Inc. 23-Aug-13
Bank of Wausau Wausau WI Nicolet National Bank 09-Aug-13
First Community Bank of Southwest Florida (also operating as Community Bank of Cape Coral) Fort Myers FL C1 Bank 02-Aug-13
Mountain National Bank Sevierville TN First Tennessee Bank, National Association 07-Jun-13
1st Commerce Bank North Las Vegas NV Plaza Bank 06-Jun-13
Banks of Wisconsin d/b/a Bank of Kenosha Kenosha WI North Shore Bank, FSB 31-May-13
Central Arizona Bank Scottsdale AZ Western State Bank 14-May-13
Sunrise Bank Valdosta GA Synovus Bank 10-May-13
Pisgah Community Bank Asheville NC Capital Bank, N.A. 10-May-13
Douglas County Bank Douglasville GA Hamilton State Bank 26-Apr-13
Parkway Bank Lenoir NC CertusBank, National Association 26-Apr-13
Chipola Community Bank Marianna FL First Federal Bank of Florida 19-Apr-13
Heritage Bank of North Florida Orange Park FL FirstAtlantic Bank 19-Apr-13
First Federal Bank Lexington KY Your Community Bank 19-Apr-13
Gold Canyon Bank Gold Canyon AZ First Scottsdale Bank, National Association 05-Apr-13
Frontier Bank LaGrange GA HeritageBank of the South 08-Mar-13
Covenant Bank Chicago IL Liberty Bank and Trust Company 15-Feb-13
1st Regents Bank Andover MN First Minnesota Bank 18-Jan-13
Westside Community Bank University Place WA Sunwest Bank 11-Jan-13

List of Failed Banks [2011 – 2012]

Bank Name  City  State  Acquiring Institution  Closing Date 
Community Bank of the Ozarks Sunrise Beach MO Bank of Sullivan 14-Dec-12
Hometown Community Bank Braselton GA CertusBank, National Association 16-Nov-12
Citizens First National Bank Princeton IL Heartland Bank and Trust Company 02-Nov-12
Heritage Bank of Florida Lutz FL Centennial Bank 02-Nov-12
NOVA Bank Berwyn PA No Acquirer 26-Oct-12
Excel Bank Sedalia MO Simmons First National Bank 19-Oct-12
First East Side Savings Bank Tamarac FL Stearns Bank N.A. 19-Oct-12
GulfSouth Private Bank Destin FL SmartBank 19-Oct-12
First United Bank Crete IL Old Plank Trail Community Bank, National Association 28-Sep-12
Truman Bank St. Louis MO Simmons First National Bank 14-Sep-12
First Commercial Bank Bloomington MN Republic Bank & Trust Company 07-Sep-12
Waukegan Savings Bank Waukegan IL First Midwest Bank 03-Aug-12
Jasper Banking Company Jasper GA Stearns Bank N.A. 27-Jul-12
Second Federal Savings and Loan Association of Chicago Chicago IL Hinsdale Bank & Trust Company 20-Jul-12
Heartland Bank Leawood KS Metcalf Bank 20-Jul-12
First Cherokee State Bank Woodstock GA Community & Southern Bank 20-Jul-12
Georgia Trust Bank Buford GA Community & Southern Bank 20-Jul-12
The Royal Palm Bank of Florida Naples FL First National Bank of the Gulf Coast 20-Jul-12
Glasgow Savings Bank Glasgow MO Regional Missouri Bank 13-Jul-12
Montgomery Bank & Trust Ailey GA Ameris Bank 06-Jul-12
The Farmers Bank of Lynchburg Lynchburg TN Clayton Bank and Trust 15-Jun-12
Security Exchange Bank Marietta GA Fidelity Bank 15-Jun-12
Putnam State Bank Palatka FL Harbor Community Bank 15-Jun-12
Waccamaw Bank Whiteville NC First Community Bank 08-Jun-12
Farmers’ and Traders’ State Bank Shabbona IL First State Bank 08-Jun-12
Carolina Federal Savings Bank Charleston SC Bank of North Carolina 08-Jun-12
First Capital Bank Kingfisher OK F & M Bank 08-Jun-12
Alabama Trust Bank, National Association Sylacauga AL Southern States Bank 18-May-12
Security Bank, National Association North Lauderdale FL Banesco USA 04-May-12
Palm Desert National Bank Palm Desert CA Pacific Premier Bank 27-Apr-12
Plantation Federal Bank Pawleys Island SC First Federal Bank 27-Apr-12
Inter Savings Bank, fsb D/B/A InterBank, fsb Maple Grove MN Great Southern Bank 27-Apr-12
HarVest Bank of Maryland Gaithersburg MD Sonabank 27-Apr-12
Bank of the Eastern Shore Cambridge MD No Acquirer 27-Apr-12
Fort Lee Federal Savings Bank, FSB Fort Lee NJ Alma Bank 20-Apr-12
Fidelity Bank Dearborn MI The Huntington National Bank 30-Mar-12
Premier Bank Wilmette IL International Bank of Chicago 23-Mar-12
Covenant Bank & Trust Rock Spring GA Stearns Bank, N.A. 23-Mar-12
New City Bank Chicago IL No Acquirer 09-Mar-12
Global Commerce Bank Doraville GA Metro City Bank 02-Mar-12
Home Savings of America Little Falls MN No Acquirer 24-Feb-12
Central Bank of Georgia Ellaville GA Ameris Bank 24-Feb-12
SCB Bank Shelbyville IN First Merchants Bank, National Association 10-Feb-12
Charter National Bank and Trust Hoffman Estates IL Barrington Bank & Trust Company, National Association 10-Feb-12
BankEast Knoxville TN U.S. Bank, N.A. 27-Jan-12
Patriot Bank Minnesota Forest Lake MN First Resource Bank 27-Jan-12
Tennessee Commerce Bank Franklin TN Republic Bank & Trust Company 27-Jan-12
First Guaranty Bank and Trust Company of Jacksonville Jacksonville FL CenterState Bank of Florida, N.A. 27-Jan-12
American Eagle Savings Bank Boothwyn PA Capital Bank, N.A. 20-Jan-12
The First State Bank Stockbridge GA Hamilton State Bank 20-Jan-12
Central Florida State Bank Belleview FL CenterState Bank of Florida, N.A. 20-Jan-12
Western National Bank Phoenix AZ Washington Federal 16-Dec-11
Premier Community Bank of the Emerald Coast Crestview FL Summit Bank 16-Dec-11
Central Progressive Bank Lacombe LA First NBC Bank 18-Nov-11
Polk County Bank Johnston IA Grinnell State Bank 18-Nov-11
Community Bank of Rockmart Rockmart GA Century Bank of Georgia 10-Nov-11
SunFirst Bank Saint George UT Cache Valley Bank 04-Nov-11
Mid City Bank, Inc. Omaha NE Premier Bank 04-Nov-11
All American Bank Des Plaines IL International Bank of Chicago 28-Oct-11
Community Banks of Colorado Greenwood Village CO Bank Midwest, N.A. 21-Oct-11
Community Capital Bank Jonesboro GA State Bank and Trust Company 21-Oct-11
Decatur First Bank Decatur GA Fidelity Bank 21-Oct-11
Old Harbor Bank Clearwater FL 1st United Bank 21-Oct-11
Country Bank Aledo IL Blackhawk Bank & Trust 14-Oct-11
First State Bank Cranford NJ Northfield Bank 14-Oct-11
Blue Ridge Savings Bank, Inc. Asheville NC Bank of North Carolina 14-Oct-11
Piedmont Community Bank Gray GA State Bank and Trust Company 14-Oct-11
Sun Security Bank Ellington MO Great Southern Bank 07-Oct-11
The RiverBank Wyoming MN Central Bank 07-Oct-11
First International Bank Plano TX American First National Bank 30-Sep-11
Citizens Bank of Northern California Nevada City CA Tri Counties Bank 23-Sep-11
Bank of the Commonwealth Norfolk VA Southern Bank and Trust Company 23-Sep-11
The First National Bank of Florida Milton FL CharterBank 09-Sep-11
CreekSide Bank Woodstock GA Georgia Commerce Bank 02-Sep-11
Patriot Bank of Georgia Cumming GA Georgia Commerce Bank 02-Sep-11
First Choice Bank Geneva IL Inland Bank & Trust 19-Aug-11
First Southern National Bank Statesboro GA Heritage Bank of the South 19-Aug-11
Lydian Private Bank Palm Beach FL Sabadell United Bank, N.A. 19-Aug-11
Public Savings Bank Huntingdon Valley PA Capital Bank, N.A. 18-Aug-11
The First National Bank of Olathe Olathe KS Enterprise Bank & Trust 12-Aug-11
Bank of Whitman Colfax WA Columbia State Bank 05-Aug-11
Bank of Shorewood Shorewood IL Heartland Bank and Trust Company 05-Aug-11
Integra Bank National Association Evansville IN Old National Bank 29-Jul-11
BankMeridian, N.A. Columbia SC SCBT National Association 29-Jul-11
Virginia Business Bank Richmond VA Xenith Bank 29-Jul-11
Bank of Choice Greeley CO Bank Midwest, N.A. 22-Jul-11
LandMark Bank of Florida Sarasota FL American Momentum Bank 22-Jul-11
Southshore Community Bank Apollo Beach FL American Momentum Bank 22-Jul-11
Summit Bank Prescott AZ The Foothills Bank 15-Jul-11
First Peoples Bank Port St. Lucie FL Premier American Bank, N.A. 15-Jul-11
High Trust Bank Stockbridge GA Ameris Bank 15-Jul-11
One Georgia Bank Atlanta GA Ameris Bank 15-Jul-11
Signature Bank Windsor CO Points West Community Bank 08-Jul-11
Colorado Capital Bank Castle Rock CO First-Citizens Bank & Trust Company 08-Jul-11
First Chicago Bank & Trust Chicago IL Northbrook Bank & Trust Company 08-Jul-11
Mountain Heritage Bank Clayton GA First American Bank and Trust Company 24-Jun-11
First Commercial Bank of Tampa Bay Tampa FL Stonegate Bank 17-Jun-11
McIntosh State Bank Jackson GA Hamilton State Bank 17-Jun-11
Atlantic Bank and Trust Charleston SC First Citizens Bank and Trust Company, Inc. 03-Jun-11
First Heritage Bank Snohomish WA Columbia State Bank 27-May-11
Summit Bank Burlington WA Columbia State Bank 20-May-11
First Georgia Banking Company Franklin GA CertusBank, National Association 20-May-11
Atlantic Southern Bank Macon GA CertusBank, National Association 20-May-11
Coastal Bank Cocoa Beach FL Florida Community Bank, a division of Premier American Bank, N.A. 06-May-11
Community Central Bank Mount Clemens MI Talmer Bank & Trust 29-Apr-11
The Park Avenue Bank Valdosta GA Bank of the Ozarks 29-Apr-11
First Choice Community Bank Dallas GA Bank of the Ozarks 29-Apr-11
Cortez Community Bank Brooksville FL Florida Community Bank, a division of Premier American Bank, N.A. 29-Apr-11
First National Bank of Central Florida Winter Park FL Florida Community Bank, a division of Premier American Bank, N.A. 29-Apr-11
Heritage Banking Group Carthage MS Trustmark National Bank 15-Apr-11
Rosemount National Bank Rosemount MN Central Bank 15-Apr-11
Superior Bank Birmingham AL Superior Bank, National Association 15-Apr-11
Nexity Bank Birmingham AL AloStar Bank of Commerce 15-Apr-11
New Horizons Bank East Ellijay GA Citizens South Bank 15-Apr-11
Bartow County Bank Cartersville GA Hamilton State Bank 15-Apr-11
Nevada Commerce Bank Las Vegas NV City National Bank 08-Apr-11
Western Springs National Bank and Trust Western Springs IL Heartland Bank and Trust Company 08-Apr-11
The Bank of Commerce Wood Dale IL Advantage National Bank Group 25-Mar-11
Legacy Bank Milwaukee WI Seaway Bank and Trust Company 11-Mar-11
First National Bank of Davis Davis OK The Pauls Valley National Bank 11-Mar-11
Valley Community Bank St. Charles IL First State Bank 25-Feb-11
San Luis Trust Bank, FSB San Luis Obispo CA First California Bank 18-Feb-11
Charter Oak Bank Napa CA Bank of Marin 18-Feb-11
Citizens Bank of Effingham Springfield GA Heritage Bank of the South 18-Feb-11
Habersham Bank Clarkesville GA SCBT National Association 18-Feb-11
Canyon National Bank Palm Springs CA Pacific Premier Bank 11-Feb-11
Badger State Bank Cassville WI Royal Bank 11-Feb-11
Peoples State Bank Hamtramck MI First Michigan Bank 11-Feb-11
Sunshine State Community Bank Port Orange FL Premier American Bank, N.A. 11-Feb-11
Community First Bank Chicago Chicago IL Northbrook Bank & Trust Company 04-Feb-11
North Georgia Bank Watkinsville GA BankSouth 04-Feb-11
American Trust Bank Roswell GA Renasant Bank 04-Feb-11
First Community Bank Taos NM U.S. Bank, N.A. 28-Jan-11
FirsTier Bank Louisville CO No Acquirer 28-Jan-11
Evergreen State Bank Stoughton WI McFarland State Bank 28-Jan-11
The First State Bank Camargo OK Bank 7 28-Jan-11
United Western Bank Denver CO First-Citizens Bank & Trust Company 21-Jan-11
The Bank of Asheville Asheville NC First Bank 21-Jan-11
CommunitySouth Bank & Trust Easley SC CertusBank, National Association 21-Jan-11
Enterprise Banking Company McDonough GA No Acquirer 21-Jan-11
Oglethorpe Bank Brunswick GA Bank of the Ozarks 14-Jan-11
Legacy Bank Scottsdale AZ Enterprise Bank & Trust 07-Jan-11
First Commercial Bank of Florida Orlando FL First Southern Bank 07-Jan-11





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