Bank Failure
Mid City Bank, Inc.
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Closed November 4, 2011 · Omaha, NE · FDIC Cert #19397.
- Closing date
- November 4, 2011
- Headquarters
- Omaha, NE
- FDIC Certificate
- 19397
- Total assets at closing
- $106.1M
- Total deposits at closing
- $105.5M
- Estimated loss to the insurance fund
- $10.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Purdum State Bank
Context
On November 4, 2011, regulators closed Mid City Bank, Inc., headquartered in Omaha, NE. At closing, the institution held approximately $106.1M in assets and $105.5M in deposits. The FDIC record names Purdum State Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $10.9M.
By assets at closing this is the 1163rd largest of the 3,526 bank failures in the FDIC record, and the 73rd of 92 in 2011. 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 Mid City Bank, Inc. fail?
Mid City Bank, Inc. was closed by regulators on November 4, 2011.
Who acquired Mid City Bank, Inc.?
The FDIC record names Purdum State Bank as the acquiring institution in the resolution of Mid City Bank, Inc.
How big was Mid City Bank, Inc. when it failed?
Mid City Bank, Inc. had approximately $106.1M in total assets and $105.5M in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
| Oct 21, 2011 | Community Banks of Colorado | $1.28B |
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