Bank Failure
Tierone Bank
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Closed June 4, 2010 · Lincoln, NE · FDIC Cert #29341.
- Closing date
- June 4, 2010
- Headquarters
- Lincoln, NE
- FDIC Certificate
- 29341
- Total assets at closing
- $2.82B
- Total deposits at closing
- $2.19B
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Great Western Bank
Context
On June 4, 2010, regulators closed Tierone Bank, headquartered in Lincoln, NE. At closing, the institution held approximately $2.82B in assets and $2.19B in deposits. The FDIC record names Great Western Bank as the acquiring institution in the resolution.
By assets at closing this is the 82nd largest of the 3,526 bank failures in the FDIC record, and the 8th of 157 in 2010. 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 Tierone Bank fail?
Tierone Bank was closed by regulators on June 4, 2010.
Who acquired Tierone Bank?
The FDIC record names Great Western Bank as the acquiring institution in the resolution of Tierone Bank.
How big was Tierone Bank when it failed?
Tierone Bank had approximately $2.82B in total assets and $2.19B in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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