Closure records
Bank failures in 2023
- Year
- 2023
- Recorded failures
- 5
- 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 |
|---|---|---|---|---|---|---|---|
| Citizens Bank | November 3, 2023 | Sac City | IA | $60.4M | $52.3M | $12.5M | Iowa Trust & Savings Bank |
| Heartland Tri-State Bank | July 28, 2023 | Elkhart | KS | $139M | $130M | $42.7M | Dream First Bank, N.A. |
| First Republic Bank | May 1, 2023 | San Francisco | CA | $213B | $176B | $15.5B | JPMorgan Chase Bank, N.A. |
| Signature Bank | March 12, 2023 | New York | NY | $110B | $88.6B | $0 | Flagstar Bank, N.A. |
| Silicon Valley Bank | March 10, 2023 | Santa Clara | CA | $209B | $175B | $18.7B | First–Citizens Bank & Trust Company |
Citizens Bank
- Closed
- November 3, 2023
- City
- Sac City
- State
- IA
- Assets
- $60.4M
- Deposits
- $52.3M
- Estimated cost to insurance fund
- $12.5M
- Acquirer
- Iowa Trust & Savings Bank
Heartland Tri-State Bank
- Closed
- July 28, 2023
- City
- Elkhart
- State
- KS
- Assets
- $139M
- Deposits
- $130M
- Estimated cost to insurance fund
- $42.7M
- Acquirer
- Dream First Bank, N.A.
First Republic Bank
- Closed
- May 1, 2023
- City
- San Francisco
- State
- CA
- Assets
- $213B
- Deposits
- $176B
- Estimated cost to insurance fund
- $15.5B
- Acquirer
- JPMorgan Chase Bank, N.A.
Signature Bank
- Closed
- March 12, 2023
- City
- New York
- State
- NY
- Assets
- $110B
- Deposits
- $88.6B
- Estimated cost to insurance fund
- $0
- Acquirer
- Flagstar Bank, N.A.
Silicon Valley Bank
- Closed
- March 10, 2023
- City
- Santa Clara
- State
- CA
- Assets
- $209B
- Deposits
- $175B
- Estimated cost to insurance fund
- $18.7B
- Acquirer
- First–Citizens Bank & Trust Company