Bank Failure
Parkway Bank
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Closed April 26, 2013 · Lenoir, NC · FDIC Cert #57158.
- Closing date
- April 26, 2013
- Headquarters
- Lenoir, NC
- FDIC Certificate
- 57158
- Total assets at closing
- $109.6M
- Total deposits at closing
- $104.7M
- Estimated loss to the insurance fund
- $16.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Certusbank, N.A.
Context
On April 26, 2013, regulators closed Parkway Bank, headquartered in Lenoir, NC. At closing, the institution held approximately $109.6M in assets and $104.7M in deposits. The FDIC record names Certusbank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $16.5M.
By assets at closing this is the 1140th largest of the 3,526 bank failures in the FDIC record, and the 10th of 24 in 2013. 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 Parkway Bank fail?
Parkway Bank was closed by regulators on April 26, 2013.
Who acquired Parkway Bank?
The FDIC record names Certusbank, N.A. as the acquiring institution in the resolution of Parkway Bank.
How big was Parkway Bank when it failed?
Parkway Bank had approximately $109.6M in total assets and $104.7M in deposits at the time of failure.
Other failures in 2013
| Date | Bank | Assets |
|---|---|---|
| Dec 13, 2013 | Texas Community Bank, N.A. | $159.3M |
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | First National Bank | $3.09B |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 9, 2013 | Bank of Wausau | $43.6M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
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