FDIC failed bank list
Bank failures in 2016
5 insured banks failed in 2016, with combined assets of $277.2M and an estimated cost to the deposit insurance fund of $42.5M. Arkansas had the most (1).
| Bank | City | Closed | Assets | Acquirer | Est. cost to FDIC |
|---|---|---|---|---|---|
| Allied Bank | Mulberry, AR | Sep 23, 2016 | $66.3M | Today'S Bank | $6.2M |
| The Woodbury Banking Company | Woodbury, GA | Aug 19, 2016 | $21.4M | United Bank | $3.3M |
| First Cornerstone Bank | King of Prussia, PA | May 6, 2016 | $103.3M | First-Citizens Bank & Trust Company | $10.8M |
| Trust Company Bank | Memphis, TN | Apr 29, 2016 | $19.0M | The Bank of Fayette County | $10.4M |
| North Milwaukee State Bank | Milwaukee, WI | Mar 11, 2016 | $67.1M | First-Citizens Bank & Trust Company | $11.8M |