Closure records
Bank failures in 2020
- Year
- 2020
- Recorded failures
- 4
- Source
- FDIC Failed Bank List
- Amounts
- FDIC-reported dollars at closure
The dates and financial amounts below come from historical FDIC bank closure records for the year shown. Estimated cost means cost to the deposit insurance fund. Missing amounts are labeled separately, not shown as zero.
| Bank | Closed | City | State | Assets | Deposits | Estimated cost to insurance fund | Acquirer |
|---|---|---|---|---|---|---|---|
| Almena State Bank | October 23, 2020 | Almena | KS | $65.7M | $64.9M | $15.9M | Equity Bank |
| First City Bank of Florida | October 16, 2020 | Fort Walton Beach | FL | $137M | $134M | $7.25M | United Fidelity Bank, fsb |
| The First State Bank | April 3, 2020 | Barboursville | WV | $152M | $143M | $43.7M | MVB Bank, Inc. |
| Ericson State Bank | February 14, 2020 | Ericson | NE | $101M | $95.2M | $23.3M | Farmers and Merchants Bank |
Almena State Bank
- Closed
- October 23, 2020
- City
- Almena
- State
- KS
- Assets
- $65.7M
- Deposits
- $64.9M
- Estimated cost to insurance fund
- $15.9M
- Acquirer
- Equity Bank
First City Bank of Florida
- Closed
- October 16, 2020
- City
- Fort Walton Beach
- State
- FL
- Assets
- $137M
- Deposits
- $134M
- Estimated cost to insurance fund
- $7.25M
- Acquirer
- United Fidelity Bank, fsb
The First State Bank
- Closed
- April 3, 2020
- City
- Barboursville
- State
- WV
- Assets
- $152M
- Deposits
- $143M
- Estimated cost to insurance fund
- $43.7M
- Acquirer
- MVB Bank, Inc.
Ericson State Bank
- Closed
- February 14, 2020
- City
- Ericson
- State
- NE
- Assets
- $101M
- Deposits
- $95.2M
- Estimated cost to insurance fund
- $23.3M
- Acquirer
- Farmers and Merchants Bank