Bank Failure
Allied Bank
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Closed September 23, 2016 · Mulberry, AR · FDIC Cert #91.
- Closing date
- September 23, 2016
- Headquarters
- Mulberry, AR
- FDIC Certificate
- 91
- Total assets at closing
- $66.3M
- Total deposits at closing
- $64.7M
- Estimated loss to the insurance fund
- $6.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Today's Bank
Context
On September 23, 2016, regulators closed Allied Bank, headquartered in Mulberry, AR. At closing, the institution held approximately $66.3M in assets and $64.7M in deposits. The FDIC record names Today's Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $6.2M.
By assets at closing this is the 1455th largest of the 3,526 bank failures in the FDIC record, and the 3rd of 5 in 2016. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Allied Bank fail?
Allied Bank was closed by regulators on September 23, 2016.
Who acquired Allied Bank?
The FDIC record names Today's Bank as the acquiring institution in the resolution of Allied Bank.
How big was Allied Bank when it failed?
Allied Bank had approximately $66.3M in total assets and $64.7M in deposits at the time of failure.
Other failures in 2016
| Date | Bank | Assets |
|---|---|---|
| Aug 19, 2016 | The Woodbury Banking Company | $21.4M |
| May 6, 2016 | First Cornerstone Bank | $103.3M |
| Apr 29, 2016 | Trust Company Bank | $19.0M |
| Mar 11, 2016 | North Milwaukee State Bank | $67.1M |
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