Bank Failure
Bank of Falkner
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Closed September 29, 2000 · Falkner, MS · FDIC Cert #338.
- Closing date
- September 29, 2000
- Headquarters
- Falkner, MS
- FDIC Certificate
- 338
- Total assets at closing
- $85.5M
- Total deposits at closing
- $77.1M
- Estimated loss to the insurance fund
- $14.6M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Citizens Bank & Savings Com
Context
On September 29, 2000, regulators closed Bank of Falkner, headquartered in Falkner, MS. At closing, the institution held approximately $85.5M in assets and $77.1M in deposits. The FDIC record names Citizens Bank & Savings Com as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $14.6M.
By assets at closing this is the 1292nd largest of the 3,526 bank failures in the FDIC record, and the 3rd of 7 in 2000. It falls in the period the record labels Consolidation Calm (1996-2007), a period with 50 failures peaking at 11 in 2002.
Riegle-Neal interstate-banking era. Industry consolidated rapidly via merger; failure counts dropped to single digits per year.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Bank of Falkner fail?
Bank of Falkner was closed by regulators on September 29, 2000.
Who acquired Bank of Falkner?
The FDIC record names Citizens Bank & Savings Com as the acquiring institution in the resolution of Bank of Falkner.
How big was Bank of Falkner when it failed?
Bank of Falkner had approximately $85.5M in total assets and $77.1M in deposits at the time of failure.
Other failures in 2000
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2000 | National State Bank of Metropolis | $90.4M |
| Oct 13, 2000 | Bank of Honolulu | $63.9M |
| Jul 14, 2000 | Town & Country Bank of Almelund | $25.9M |
| Jun 2, 2000 | Monument National Bank | $7.9M |
| Mar 10, 2000 | Mutual Federal Savings Bank of Atlanta | $31.5M |
| Jan 14, 2000 | Hartford-Carlisle SB | $105.0M |
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