Failure™ Magazine

Failed Bank List 2012

Written by Failure staff as part of Failure Analysis

Following are the banks that have failed thus far in 2012. Estimated cost to the FDIC Deposit Insurance Fund in parentheses.

23. Security Bank, National Association, North Lauderdale, FL, May 4 ($10.8 million)
22. Palm Desert National Bank, Palm Desert, CA, April 27 ($20.1 million)
21. Plantation Federal Bank, Pawleys Island, SC, April 27 ($76 million)
20. Inter Savings Bank, Maple Grove, MN, April 27 ($117.5 million)
19. HarVest Bank, Gaithersburg, MD, April 27 ($17.2 million)
18. Bank of the Eastern Shore, Cambridge, MD, April 27 ($41.8 million)
17. Fort Lee Federal Savings Bank, FSB, Fort Lee, NJ, April 20 ($14 million)
16. Fidelity Bank, Dearborn, MI, March 30 ($92.8 million)
15. Premier Bank, Wilmette, IL, March 23 ($64.1 million)
14. Covenant Bank & Trust, Rock Spring, GA, March 23 ($31.5 million)
13. New City Bank, Chicago, IL, March 9 ($17.4 million)
12. Global Commerce Bank, Doraville, GA, March 2 ($17.9 million)
11. Home Savings of America, Little Falls, MN, February 24 ($38.8 million)
10. Central Bank of Georgia, Ellaville, GA, February 24 ($67.5 million)
9. SCB Bank, Shelbyville, IN, February 10 ($33.9 million)
8. Charter National Bank and Trust, Hoffman Estates, IL, February 10 ($17.4 million)
7. BankEast, Knoxville, TN, January 27 ($75.6 million)
6. Patriot Bank Minnesota, Forrest Lake, MN, January 27 ($32.6 million)
5. Tennessee Commerce Bank, Franklin, TN, January 27 ($416.8 million)
4. First Guaranty Bank and Trust Company, Jacksonville, FL, January 27 ($82.0 million)
3. American Eagle Savings Bank, Boothwyn, PA, January 20 ($3.2 million)
2. The First State Bank, Stockbridge, GA, January 20 ($216.2 million)
1. Central Florida State Bank, Belleview, FL, January 20 ($24.4 million)

This page last updated on May 4, 2012. 

See also:
Failed Bank List 2011
Failed Bank List 2010
Failed Bank List 2009