US banking closures
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Kansas regulators close Almena State Bank in year's 4th bank failure
By Dan Ennis • Oct. 26, 2020Almena is the second U.S. bank to shutter within a week. The bank's two branches opened Monday under the banner of Equity Bank, which is purchasing roughly all of Almena's $65.8 million in assets and its deposits. Read the full article ➔
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Regulators close Florida's First City Bank, 2020's 3rd bank failure
By Anna Hrushka • Oct. 19, 2020The bank's chairman and CEO in January attributed its struggles to the 2008 financial crisis and the Deepwater Horizon oil spill. Read the full article ➔
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West Virginia's First State Bank closes in 2nd failure of 2020
By Dan Ennis • April 6, 2020The FDIC blamed "longstanding capital and asset quality issues" for the closing. MVB Bank assumed all $139.5 million of First State’s deposits and $147.2 million of its assets. Read the full article ➔
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Nebraska's Ericson State Bank closes, marking year's 1st failure
By Dan Ennis • Feb. 18, 2020A state regulator sought the bank president's resignation in October 2019, while the FDIC asked for one- and three-year plans for solvency. A three-way merger proposed the following month is now off. Read the full article ➔
