FDIC failed bank list
Bank failures in 2002
11 insured banks failed in 2002, with combined assets of $2.9B and an estimated cost to the deposit insurance fund of $415.3M. Florida had the most (2).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| The Farmers Bank & Trust of Cheneyville | Cheneyville, LA | Dec 17, 2002 | $35.3M | Sabine State Bank & Trust C | $12.2M |
| Bank of Alamo | Alamo, TN | Nov 8, 2002 | $58.5M | 0 | $9.3M |
| Amtrade International Bank of Georgia | Atlanta, GA | Sep 30, 2002 | $92.1M | 0 | $1.3M |
| Universal FSB | Chicago, IL | Jun 27, 2002 | $51.6M | Chicago Community Bank | $274K |
| Connecticut Bank of Commerce | Stamford, CT | Jun 26, 2002 | $384.2M | Hudson United Bank | $53.8M |
| New Century Bank | Shelby Township, MI | Mar 28, 2002 | $21.1M | 0 | $4.4M |
| Net First National Bank | Boca Raton, FL | Mar 1, 2002 | $37.2M | Bank Leumi | $0 |
| Nextbank | Phoenix, AZ | Feb 7, 2002 | $700.2M | 0 | $164.0M |
| Oakwood Deposit Bank | Oakwood, OH | Feb 1, 2002 | $72.3M | The State Bank and Trust Co | $63.6M |
| Bank of Sierra Blanca | Sierra Blanca, TX | Jan 18, 2002 | $10.8M | The Security State Bank of | $4.6M |
| Hamilton Bank, National Association | Miami, FL | Jan 11, 2002 | $1.4B | Israel Discount Bank of New | $101.7M |