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Bank Failure

Heartland Bank

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Closed July 20, 2012 · Leawood, KS · FDIC Cert #1361.

Closing date
July 20, 2012
Headquarters
Leawood, KS
FDIC Certificate
1361
Total assets at closing
$96.0M
Total deposits at closing
$89.7M
Estimated loss to the insurance fund
$363K
Insurance fund
Deposit Insurance Fund (DIF)
Resolution
Failure (closed by regulators)
Acquirer
Metcalf Bank

Context

On July 20, 2012, regulators closed Heartland Bank, headquartered in Leawood, KS. At closing, the institution held approximately $96.0M in assets and $89.7M in deposits. The FDIC record names Metcalf Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $363K.

By assets at closing this is the 1228th largest of the 3,526 bank failures in the FDIC record, and the 36th 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 Heartland Bank fail?

Heartland Bank was closed by regulators on July 20, 2012.

Who acquired Heartland Bank?

The FDIC record names Metcalf Bank as the acquiring institution in the resolution of Heartland Bank.

How big was Heartland Bank when it failed?

Heartland Bank had approximately $96.0M in total assets and $89.7M in deposits at the time of failure.

Other failures in 2012

Date Bank HQ Assets
Dec 14, 2012 Community Bank of the Ozarks Sunrise, MO $42.8M
Nov 16, 2012 Hometown Communitybank Braselton, GA $124.6M
Nov 2, 2012 Citizens First National Bank Princeton, IL $924.0M
Nov 2, 2012 Heritage Bank of Florida Lutz, FL $225.5M
Oct 26, 2012 Nova Bank Berwyn, PA $444.7M
Oct 19, 2012 Excel Bank Sedalia, MO $186.1M
Oct 19, 2012 Gulfsouth Private Bank Destin, FL $139.4M
Oct 19, 2012 First East Side Savings Bank Tamarac, FL $65.7M