Bank Failure
The Community's Bank
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Closed September 13, 2013 · Bridgeport, CT · FDIC Cert #57041.
- Closing date
- September 13, 2013
- Headquarters
- Bridgeport, CT
- FDIC Certificate
- 57041
- Total assets at closing
- $26.4M
- Total deposits at closing
- $25.7M
- Estimated loss to the insurance fund
- $9.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On September 13, 2013, regulators closed The Community's Bank, headquartered in Bridgeport, CT. At closing, the institution held approximately $26.4M in assets and $25.7M in deposits. The FDIC record does not name an acquiring institution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $9.2M.
By assets at closing this is the 2141st largest of the 3,526 bank failures in the FDIC record, and the 21st 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 The Community's Bank fail?
The Community's Bank was closed by regulators on September 13, 2013.
How big was The Community's Bank when it failed?
The Community's Bank had approximately $26.4M in total assets and $25.7M 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 |
| 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 |
| Jun 7, 2013 | Mountain National Bank | $437.3M |
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