Bank Failure
Hume Bank
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Closed March 7, 2008 · Hume, MO · FDIC Cert #1971.
- Closing date
- March 7, 2008
- Headquarters
- Hume, MO
- FDIC Certificate
- 1971
- Total assets at closing
- $18.7M
- Total deposits at closing
- $13.6M
- Estimated loss to the insurance fund
- $3.8M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Security Bank
Context
On March 7, 2008, regulators closed Hume Bank, headquartered in Hume, MO. At closing, the institution held approximately $18.7M in assets and $13.6M in deposits. The FDIC record names Security Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $3.8M.
By assets at closing this is the 2392nd largest of the 3,526 bank failures in the FDIC record, and the 25th of 25 in 2008. 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 Hume Bank fail?
Hume Bank was closed by regulators on March 7, 2008.
Who acquired Hume Bank?
The FDIC record names Security Bank as the acquiring institution in the resolution of Hume Bank.
How big was Hume Bank when it failed?
Hume Bank had approximately $18.7M in total assets and $13.6M in deposits at the time of failure.
Other failures in 2008
| Date | Bank | Assets |
|---|---|---|
| Dec 12, 2008 | Haven Trust Bank | $559.6M |
| Dec 12, 2008 | Sanderson State Bank | $38.2M |
| Dec 5, 2008 | First Georgia Community Bank | $256.4M |
| Nov 21, 2008 | Downey Savings and Loan Association, F.A. | $12.78B |
| Nov 21, 2008 | PFF Bank & Trust | $3.72B |
| Nov 21, 2008 | The Community Bank | $634.9M |
| Nov 7, 2008 | Franklin Bank, SSB | $5.09B |
| Nov 7, 2008 | Security Pacific Bank | $528.0M |
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