Bank Failure
Community Bank of the Ozarks
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Closed December 14, 2012 · Sunrise, MO · FDIC Cert #27331.
- Closing date
- December 14, 2012
- Headquarters
- Sunrise, MO
- FDIC Certificate
- 27331
- Total assets at closing
- $42.8M
- Total deposits at closing
- $41.9M
- Estimated loss to the insurance fund
- $13.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank of Sullivan
Context
On December 14, 2012, regulators closed Community Bank of the Ozarks, headquartered in Sunrise, MO. At closing, the institution held approximately $42.8M in assets and $41.9M in deposits. The FDIC record names Bank of Sullivan as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $13.4M.
By assets at closing this is the 1765th largest of the 3,526 bank failures in the FDIC record, and the 49th of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Community Bank of the Ozarks fail?
Community Bank of the Ozarks was closed by regulators on December 14, 2012.
Who acquired Community Bank of the Ozarks?
The FDIC record names Bank of Sullivan as the acquiring institution in the resolution of Community Bank of the Ozarks.
How big was Community Bank of the Ozarks when it failed?
Community Bank of the Ozarks had approximately $42.8M in total assets and $41.9M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Nov 2, 2012 | Heritage Bank of Florida | $225.5M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
| Sep 28, 2012 | First United Bank | $328.4M |
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