Failures by State
Bank Failures in Alabama
35 FDIC-insured banks headquartered in Alabama have failed since 1937. The most recent was Alabama Trust Bank, N.A. on May 18, 2012. The worst year was 1989, with 5 failures. Failed banks held $36.23B in assets at closing.
35
Failures
1937 to 2012
$36.23B
Failed assets
At closing
$3.61B
Estimated DIF loss
FDIC estimate
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All Alabama events
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Largest bank failures in Alabama
| Date | Bank | Assets |
|---|---|---|
| Aug 14, 2009 | Colonial Bank | $25.46B |
| Apr 15, 2011 | Superior Bank | $2.98B |
| May 17, 1991 | Altus FSB | $1.97B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Apr 15, 2011 | Nexity Bank | $757.6M |
| Mar 30, 1989 | City FS & La | $712.0M |
| Mar 8, 1991 | Jefferson Federal Sa | $666.5M |
| Aug 21, 2009 | Capitalsouth Bank | $586.6M |
| Feb 17, 1989 | Guaranty FED. S & L Assoc. | $381.3M |
| Sep 18, 1987 | Phenix FS&LA | $225.5M |
Alabama bank failures by year
| Year | Failures | Failed assets |
|---|---|---|
| 2012 | 1 | $51.6M |
| 2011 | 2 | $3.73B |
| 2010 | 1 | $137.2M |
| 2009 | 3 | $27.51B |
| 1992 | 2 | $178.8M |
| 1991 | 2 | $2.64B |
| 1990 | 2 | $70.5M |
| 1989 | 5 | $1.44B |
| 1987 | 3 | $249.8M |
| 1986 | 1 | $17.5M |
| 1985 | 1 | $43.3M |
| 1984 | 1 | $39.4M |
| 1983 | 1 | $6.5M |
| 1982 | 1 | $13.7M |
| 1980 | 1 | $44.0M |
| 1979 | 1 | $32.6M |
| 1978 | 3 | $18.9M |
| 1967 | 1 | $4.3M |
| 1952 | 1 | $1.0M |
| 1938 | 1 | $89K |
| 1937 | 1 | — |
Every bank failure in Alabama
| Date | Bank | Assets |
|---|---|---|
| May 18, 2012 | Alabama Trust Bank, N.A. | $51.6M |
| Apr 15, 2011 | Superior Bank | $2.98B |
| Apr 15, 2011 | Nexity Bank | $757.6M |
| Mar 19, 2010 | First Lowndes Bank | $137.2M |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Aug 21, 2009 | Capitalsouth Bank | $586.6M |
| Aug 14, 2009 | Colonial Bank | $25.46B |
| Aug 21, 1992 | Birmingham FSB | $91.8M |
| Jul 24, 1992 | First Russell County | $87.0M |
| May 17, 1991 | Altus FSB | $1.97B |
| Mar 8, 1991 | Jefferson Federal Sa | $666.5M |
| Dec 28, 1990 | First FS & La of Andalusia | $38.7M |
| Nov 30, 1990 | Tuskegee S & La | $31.8M |
| Mar 30, 1989 | City FS & La | $712.0M |
| Mar 30, 1989 | Baldwin County FED. Savings Bank | $171.5M |
| Mar 9, 1989 | Phenix FED. S & L Assoc. | $150.3M |
| Mar 9, 1989 | First Savings Bank of Alabama | $26.0M |
| Feb 17, 1989 | Guaranty FED. S & L Assoc. | $381.3M |
| Sep 18, 1987 | Phenix FS&LA | $225.5M |
| Apr 22, 1987 | The Peoples Bank | $11.9M |
| Feb 19, 1987 | First State Bank of Atmore | $12.4M |
| May 9, 1986 | Rainsville Bank | $17.5M |
| Jul 5, 1985 | The First National Bank of Jacksonville | $43.3M |
| Jun 5, 1984 | Cherokee County Bank | $39.4M |
| Dec 13, 1983 | Bank of Hackleburg | $6.5M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
| Dec 31, 1980 | East Gadsden Bank | $44.0M |
| Jun 14, 1979 | Southern National Bank | $32.6M |
| Jul 21, 1978 | Watkins Banking Company | $1.7M |
| Mar 1, 1978 | Wilcox County Bank | $12.7M |
| Jan 26, 1978 | First Bank of Macon County | $4.5M |
| Jan 31, 1967 | Bank of Pine Apple | $4.3M |
| Jan 21, 1952 | Thomasville Bank and Trust Co. | $1.0M |
| Nov 26, 1938 | The Bank of Cuba | $89K |
| Aug 12, 1937 | The First National Bank of Albertville | — |
Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.
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