Bank Failure
Hillcrest Bank
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Closed October 22, 2010 · Overland Park, KS · FDIC Cert #22173.
- Closing date
- October 22, 2010
- Headquarters
- Overland Park, KS
- FDIC Certificate
- 22173
- Total assets at closing
- $1.58B
- Total deposits at closing
- $1.49B
- Estimated loss to the insurance fund
- $275.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Hillcrest Bank, N.A.
Context
On October 22, 2010, regulators closed Hillcrest Bank, headquartered in Overland Park, KS. At closing, the institution held approximately $1.58B in assets and $1.49B in deposits. The FDIC record names Hillcrest Bank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $275.3M.
By assets at closing this is the 143rd largest of the 3,526 bank failures in the FDIC record, and the 13th of 157 in 2010. 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 Hillcrest Bank fail?
Hillcrest Bank was closed by regulators on October 22, 2010.
Who acquired Hillcrest Bank?
The FDIC record names Hillcrest Bank, N.A. as the acquiring institution in the resolution of Hillcrest Bank.
How big was Hillcrest Bank when it failed?
Hillcrest Bank had approximately $1.58B in total assets and $1.49B in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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