Bank Failure
Hometown National Bank
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Closed October 2, 2015 · Longview, WA · FDIC Cert #35156.
- Closing date
- October 2, 2015
- Headquarters
- Longview, WA
- FDIC Certificate
- 35156
- Total assets at closing
- $3.8M
- Total deposits at closing
- $3.7M
- Estimated loss to the insurance fund
- $995K
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Twin City Bank
Context
On October 2, 2015, regulators closed Hometown National Bank, headquartered in Longview, WA. At closing, the institution held approximately $3.8M in assets and $3.7M in deposits. The FDIC record names Twin City Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $995K.
By assets at closing this is the 3040th largest of the 3,526 bank failures in the FDIC record, and the 8th of 8 in 2015. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Hometown National Bank fail?
Hometown National Bank was closed by regulators on October 2, 2015.
Who acquired Hometown National Bank?
The FDIC record names Twin City Bank as the acquiring institution in the resolution of Hometown National Bank.
How big was Hometown National Bank when it failed?
Hometown National Bank had approximately $3.8M in total assets and $3.7M in deposits at the time of failure.
Other failures in 2015
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Jul 10, 2015 | Premier Bank | $26.8M |
| May 8, 2015 | Edgebrook Bank | $90.0M |
| Feb 27, 2015 | Doral Bank | $5.90B |
| Feb 13, 2015 | Capitol City Bank & Trust Company | $272.3M |
| Jan 23, 2015 | Highland Community Bank | $54.7M |
| Jan 16, 2015 | First National Bank of Crestview | $73.8M |
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