Bank Failure
Glasgow Savings Bank
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Closed July 13, 2012 · Glasgow, MO · FDIC Cert #1056.
- Closing date
- July 13, 2012
- Headquarters
- Glasgow, MO
- FDIC Certificate
- 1056
- Total assets at closing
- $22.3M
- Total deposits at closing
- $21.8M
- Estimated loss to the insurance fund
- $1.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Regional Missouri Bank
Context
On July 13, 2012, regulators closed Glasgow Savings Bank, headquartered in Glasgow, MO. At closing, the institution held approximately $22.3M in assets and $21.8M in deposits. The FDIC record names Regional Missouri Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $1.4M.
By assets at closing this is the 2259th largest of the 3,526 bank failures in the FDIC record, and the 50th 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 Glasgow Savings Bank fail?
Glasgow Savings Bank was closed by regulators on July 13, 2012.
Who acquired Glasgow Savings Bank?
The FDIC record names Regional Missouri Bank as the acquiring institution in the resolution of Glasgow Savings Bank.
How big was Glasgow Savings Bank when it failed?
Glasgow Savings Bank had approximately $22.3M in total assets and $21.8M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| 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 |
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