FI's closed: first seven US banks closed in 2012

USA Bank Closures (FDIC)

Central Florida State Bank 20 Jan 2012
The First State Bank 20 Jan 2012
American Eagle Savings Bank 20 Jan 2012
First Guaranty Bank and Trust Company of Jacksonville 27 Jan 2012
Tennessee Commerce Bank 27 Jan 2012
Patriot Bank Minnesota 27 Jan 2012
BankEast 27 Jan 2012

Central Florida State Bank, Belleview, Florida, USA 20 Jan 2012
Receiver: FDIC
Acquiring institution: CenterState Bank of Florida, National Association, Winter Haven, Florida
As of 30 September, 2011, Central Florida State Bank had approximately USD79.1 million in total assets and USD77.7 million in total deposits.
No premium paid for deposits or assets.
Estimated cost to Deposit Insurance Fund: USD24 million.
First bank to fail in USA in 2012

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First State Bank, Stockbridge, Georgia, USA 20 Jan 2012
Reciever : FDIC
Acquiring institution: Hamilton State Bank, Hoschton, Georgia, USA
As of 30 September, 2011, The First State Bank had approximately USD536.9 million in total assets and USD527.5 million in total deposits.
Hamilton State Bank will pay the FDIC a premium of 0.50 percent to assume all of the deposits of The First State Bank.
Estimated cost to Deposit Insurance Fund: USD216.2 million
Second bank to fail in USA in 2012

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American Eagle Savings Bank, Boothwyn, Pennsylvania, USA 20 Jan 2012
Receiver: FDIC
Acquiring institution: Capital Bank, National Association, Rockville, Maryland
As of 30 September, 2011, American Eagle Savings Bank had approximately USD19.6 million in total assets and USD17.7 million in total deposits.
No premium paid for deposits or assets.
Estimated cost to Deposit Insurance Fund: USD3.2 million.
Third bank to fail in USA in 2012

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First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, Florida 27 Jan 2012
Receiver: FDIC
Acquiring institution: CenterState Bank of Florida, National Association, Winter Haven, Florida
As of 30 September, 2011, First Guaranty Bank and Trust Company of Jacksonville had approximately USD377.9 million in total assets and USD349.5 million in total deposits.
No premium paid for deposits or assets.
Estimated cost to Deposit Insurance Fund: USD82 million.
Fourth bank to fail in USA in 2012

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Tennessee Commerce Bank, Franklin, Tennessee, USA 27 Jan 2012
Reciever : FDIC
Acquiring institution: Republic Bank & Trust Company, Louisville, Kentucky, USA
As of September 30, 2011, Tennessee Commerce Bank had approximately USD1,185 million in total assets and USD1,156 million in total deposits.
No premium paid for deposits or assets.
Estimated cost to Deposit Insurance Fund: USD416.8 million
Fifth bank to fail in USA in 2012

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Patriot Bank Minnesota, Forest Lake, Minnesota, USA 27 Jan 2012
Reciever : FDIC
Acquiring institution: First Resource Bank, Savage, Minnesota, USA
As of 30 September, 2011, Patriot Bank Minnesota had approximately USD111.3 million in total assets and USD108.3 million in total deposits.
No premium paid for deposits or assets.
Estimated cost to Deposit Insurance Fund: USD32.6 million
Sixth bank to fail in USA in 2012

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BankEast, Knoxville, Tennessee 27 Jan 2012
Reciever : FDIC
Acquiring institution: U.S. Bank National Association, Cincinnati, Ohio, USA
As of 30 September, 2011, BankEast had approximately USD272.6 million in total assets and USD268.8 million in total deposits.
No premium paid for deposits or assets.
Estimated cost to Deposit Insurance Fund: USD75.6 million
Seventh bank to fail in USA in 2012