days since
last bank failure

This Year




Assets Lost


Given In Bailouts


1 May 2023

JPMorgan Buys First Republic Bank

JPMorgan Chase has acquired the deposits, a substantial amount of assets, and certain liabilities of the failed First Republic Bank. After a turbulent week, the FDIC took temporary control of First Republic and facilitated its sale through a competitive bidding process. As a result of the acquisition, First Republic's 84 branches are now operating as JPMorgan Chase Bank branches. This marks the third and largest U.S. lender failure in the current year, but federal regulators assert that it does not indicate broader issues in the banking industry. JPMorgan's CEO, Jamie Dimon, emphasized that the banking system remains sound and that there will always be a need for strong community banks. The acquisition is estimated to cost the FDIC's Deposit Insurance Fund around $13 billion.

10 Mar 2023 | 🔻$209,000,000,000

Silicon Valley Bank Failure

To protect depositors, on Monday, March 13, 2023, the FDIC transferred all the deposits of Silicon Valley Bank to Silicon Valley Bridge Bank, N.A. a full-service 'bridge bank' that was operated by the FDIC as it marketed the institution to potential bidders. On March 26, 2023, the FDIC entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, N.A., with First–Citizens Bank & Trust Company, Raleigh, NC. As part of this transaction Silicon Valley Bridge Bank, N.A, was placed into receivership.


Bank Name City State Acquiring Institution Closing Date
First Republic Bank San Francisco CA JPMorgan Chase Bank, N.A. 2023-05-01
Signature Bank New York NY Flagstar Bank, N.A. 2023-03-12
Silicon Valley Bank Santa Clara CA FirstCitizens Bank & Trust Company 2023-03-10
Almena State Bank Almena KS Equity Bank 2020-10-23
First City Bank of Florida Fort Walton Beach FL United Fidelity Bank, fsb 2020-10-16
The First State Bank Barboursville WV MVB Bank, Inc. 2020-04-03
Ericson State Bank Ericson NE Farmers and Merchants Bank 2020-02-14
City National Bank of New Jersey Newark NJ Industrial Bank 2019-11-01
Resolute Bank Maumee OH Buckeye State Bank 2019-10-25
Louisa Community Bank Louisa KY Kentucky Farmers Bank Corporation 2019-10-25
The Enloe State Bank Cooper TX Legend Bank, N. A. 2019-05-31
Washington Federal Bank for Savings Chicago IL Royal Savings Bank 2017-12-15
The Farmers and Merchants State Bank of Argonia Argonia KS Conway Bank 2017-10-13
Fayette County Bank Saint Elmo IL United Fidelity Bank, fsb 2017-05-26
Guaranty Bank, (d/b/a BestBank in Georgia & Michigan) Milwaukee WI First-Citizens Bank & Trust Company 2017-05-05
First NBC Bank New Orleans LA Whitney Bank 2017-04-28
Proficio Bank Cottonwood Heights UT Cache Valley Bank 2017-03-03
Seaway Bank and Trust Company Chicago IL State Bank of Texas 2017-01-27
Harvest Community Bank Pennsville NJ First-Citizens Bank & Trust Company 2017-01-13
Allied Bank Mulberry AR Today's Bank 2016-09-23
The Woodbury Banking Company Woodbury GA United Bank 2016-08-19
First CornerStone Bank King of Prussia PA First-Citizens Bank & Trust Company 2016-05-06
Trust Company Bank Memphis TN The Bank of Fayette County 2016-04-29
North Milwaukee State Bank Milwaukee WI First-Citizens Bank & Trust Company 2016-03-11
Hometown National Bank Longview WA Twin City Bank 2015-10-02
The Bank of Georgia Peachtree City GA Fidelity Bank 2015-10-02
Premier Bank Denver CO United Fidelity Bank, fsb 2015-07-10
Edgebrook Bank Chicago IL Republic Bank of Chicago 2015-05-08
Doral Bank San Juan PR Banco Popular de Puerto Rico 2015-02-27
Capitol City Bank & Trust Company Atlanta GA First-Citizens Bank & Trust Company 2015-02-13
Highland Community Bank Chicago IL United Fidelity Bank, fsb 2015-01-23
First National Bank of Crestview Crestview FL First NBC Bank 2015-01-16
Northern Star Bank Mankato MN BankVista 2014-12-19
Frontier Bank, FSB D/B/A El Paseo Bank Palm Desert CA Bank of Southern California, N.A. 2014-11-07
The National Republic Bank of Chicago Chicago IL State Bank of Texas 2014-10-24
NBRS Financial Rising Sun MD Howard Bank 2014-10-17
GreenChoice Bank, fsb Chicago IL Providence Bank, LLC 2014-07-25
Eastside Commercial Bank Conyers GA Community & Southern Bank 2014-07-18
The Freedom State Bank Freedom OK Alva State Bank & Trust Company 2014-06-27
Valley Bank Fort Lauderdale FL Landmark Bank, National Association 2014-06-20
Valley Bank Moline IL Great Southern Bank 2014-06-20
Slavie Federal Savings Bank Bel Air MD Bay Bank, FSB 2014-05-30
Columbia Savings Bank Cincinnati OH United Fidelity Bank, fsb 2014-05-23
AztecAmerica Bank Berwyn IL Republic Bank of Chicago 2014-05-16
Allendale County Bank Fairfax SC Palmetto State Bank 2014-04-25
Vantage Point Bank Horsham PA First Choice Bank 2014-02-28
Millennium Bank, National Association Sterling VA WashingtonFirst Bank 2014-02-28
Syringa Bank Boise ID Sunwest Bank 2014-01-31
The Bank of Union El Reno OK BancFirst 2014-01-24
DuPage National Bank West Chicago IL Republic Bank of Chicago 2014-01-17