2012 Failed Banks List

List of FDIC Bank Failures for 2012

Bank Name Links to Details	Closing Date
Heartland Bank	July 20, 2012
Second Federal Savings and Loan Association of Chicago	July 20, 2012
The Royal Palm Bank of Florida	July 20, 2012
First Cherokee State Bank	July 20, 2012
Georgia Trust Bank	July 20, 2012
Glasgow Savings Bank	July 13, 2012
Montgomery Bank & Trust	July 6, 2012
Putnam State Bank	June 15, 2012
Security Exchange Bank	June 15, 2012
The Farmers Bank of Lynchburg	June 15, 2012
Farmers' and Traders' State Bank	June 8, 2012
Waccamaw Bank	June 8, 2012
First Capital Bank	June 8, 2012
Carolina Federal Savings Bank	June 8, 2012
Alabama Trust Bank, National Association	May 18, 2012
Security Bank, National Association	May 4, 2012
HarVest Bank of Maryland	April 27, 2012
Palm Desert National Bank	April 27, 2012
Bank of the Eastern Shore	April 27, 2012
Inter Savings Bank, fsb D/B/A InterBank, fsb	April 27, 2012
Plantation Federal Bank	April 27, 2012
Fort Lee Federal Savings Bank, FSB	April 20, 2012
Fidelity Bank	March 30, 2012
Covenant Bank & Trust	March 23, 2012
Premier Bank	March 23, 2012
New City Bank	March 9, 2012
Global Commerce Bank	March 2, 2012
Home Savings of America	February 24, 2012
Central Bank of Georgia	February 24, 2012
SCB Bank	February 10, 2012
Charter National Bank and Trust	February 10, 2012
BankEast	January 27, 2012
Tennessee Commerce Bank	January 27, 2012
Patriot Bank Minnesota	January 27, 2012
First Guaranty Bank and Trust Company of Jacksonville	January 27, 2012
The First State Bank	January 20, 2012
Central Florida State Bank	January 20, 2012
American Eagle Savings Bank	January 20, 2012

For a more complete list with links to the announcement for each bank, see

• FDIC Failed Banks List for 2012. 
• FDIC Failed Banks List for 2011. 
• FDIC Failed Banks List for 2010. 
• FDIC Failed Banks List for 2009.

Regulators Close Five More Banks

AP reported today regulators closed five more banks to bring the total to 38 closures in 2012.

"The failure of Georgia Trust Bank is expected to cost the deposit insurance fund $20.9 million; the failure of First Cherokee State Bank is expected to cost $36.9 million; that of Royal Palm Bank of Florida, $13.5 million; Heartland Bank, $3.1 million; and Second Federal, $76.9 million."

List of banks closed by the Federal Deposit Insurance Corp. (FDIC) on Friday July 20, 2012:

1. Georgia Trust Bank, based in Buford, Ga.
   $119.8 million in assets and $117.4 million in deposits
2. First Cherokee State Bank, based in Woodstock, Ga.
   $222.7 million in assets and $193.3 million in deposits
3. Royal Palm Bank of Florida, based in Naples, Fla.
   $87 million in assets and $85.1 million in deposits.
4. Heartland Bank in Leawood, Kan.
   $110 million in assets and $102.6 million in deposits
5. Second Federal Savings and Loan Association of Chicago
   $199.1 million in assets and $175.9 million in deposits.

See 2012 FDIC List of Failed Banks with press release.

"Atlanta-based Community & Southern Bank agreed to assume the deposits of the Georgia banks and to buy all the assets of First Cherokee State Bank. Community & Southern also is buying about $111.5 million of Georgia Trust Bank's assets.

First National Bank of the Gulf Coast, also based in Naples, agreed to assume all the deposits and essentially all the assets of Royal Palm Bank of Florida.

Metcalf Bank, based in Lees Summit, Mo., agreed to buy the assets and deposits of Heartland Bank.

Hinsdale Bank & Trust Co., based in Hinsdale, Ill., agreed to assume the deposits of Second Federal Savings and Loan Association of Chicago. Hinsdale Bank also is buying about $14.2 million of the bank's assets, comprised mainly of cash. All of Second Federal's loans, including consumer loans and mortgages, will be retained by the FDIC for later sale.

In addition, the FDIC and Community & Southern Bank agreed to share losses on $65.9 million of Georgia Trust Bank's loans and other assets, and on $141.8 million of First Cherokee State Bank's assets.

The agency and Metcalf Bank agreed to share losses on $54.3 million of Heartland Bank's assets."

For more information, see the full FDIC List of Failed Banks.

SchoolsFirst Federal Credit Union CD Rates

Current CD rates and terms at SchoolsFirst Credit Union. You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof. 

==> SchoolsFirst CU Certificate Rates <==  as of 7/3/12

Term $500 Minimum	Dividend Rate	APY
30 Day	0.15%	0.15%
03 - 05 Month	0.25%	0.25%
06 - 11 Month	0.30%	0.30%
12 - 17 Month	0.35%	0.35%
18 - 23 Month	0.45%	0.45%
24 - 35 Month	0.55%	0.55%
36 - 47 Month	0.85%	0.85%
48 - 59 Month	1.04%	1.05%
60 Month	1.34%	1.35%

Term $100,000 Minimum	Dividend Rate	APY
30 Day	0.30%	0.30%
03 - 05 Month	0.40%	0.40%
06 - 11 Month	0.45%	0.45%
12 - 17 Month	0.50%	0.50%
18 - 23 Month	0.60%	0.60%
24 - 35 Month	0.70%	0.70%
36 - 47 Month	1.00%	1.00%
48 - 59 Month	1.19%	1.20%
60 Month	1.49%	1.50%

 Current Schools First FCU CD Rates

Top Rate Surveys:

• CD Rates at Largest US Banks
  
• Best Savings Account Rate Survey
  
• Highest CD Rate Survey by Term
  
  
• Make sure you read the article: Beware of Annuities

Boeing Employees Credit Union CD Rates

Current CD rates and terms at Boeing Employees Credit Union. You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.  

==> Boeing Employees CU Certificate Rates <==  as of Nov 7/3/12

APY for	$500 - $49,999.99	$50,000 - $99,999.99	$100,000 +
12 - 17 Month CD	0.45%	0.50%	0.50%
12 - 17 Month CD	0.20%	0.25%	0.25%
24 - 35 Month CD	0.80%	0.85%	0.85%
24 - 35 Month CD	0.55%	0.60%	0.60%

Current CD Rates at BECU - Boeing Employee Credit Union

Top Rate Surveys:

• CD Rates at Largest US Banks
  
• Best Savings Account Rate Survey
  
• Highest CD Rate Survey by Term
  
  
• Make sure you read the article: Beware of Annuities

State Employee Credit Union CD Rates

Current CD rates and terms at State Employee Credit Union. You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof. 

==>   " State Employee Credit Union Certificates "   <==  as of 7/3/12

Account Type	Opening Deposit	Rate	APY
6 Months - Fixed Rate	$250.00	0.75%	0.75%
12 Months - Fixed Rate	$250.00	0.75%	0.75%
18 Months - Fixed Rate	$250.00	0.75%	0.75%
24 Months - Fixed Rate	$250.00	1.00%	1.00%
30 Months - Fixed Rate	$250.00	1.00%	1.00%
36 Months - Fixed Rate	$250.00	1.25%	1.25%
48 Months - Fixed Rate	$250.00	1.50%	1.50%
60 Months - Fixed Rate	$250.00	1.50%	1.50%

 Current State Employee CU CD Rates

Top Rate Surveys:

• CD Rates at Largest US Banks
  
• Best Savings Account Rate Survey
  
• Highest CD Rate Survey by Term
  
  
• Make sure you read the article: Beware of Annuities

PenFedCD Rates Pentagon Federal Credit Union

The latest CD rates with NCUA insurance from PenFed: Pentagon Federal Credit Union.

You can often get higher than advertised rates at your local branch if you do your homework. Print out our "Highest CD Rate Survey" and bring it in with you. Print out some of the advertisement of rates advertised on your bank's competing web sites so you have proof.

==>"PenFed CU Money Market Certificates" <==   

as of  7/3/12 website

Term	Dividend	APY
6 Month	0.400%	0.40%**
1-Year	0.90%	0.90%
2-Year	0.99%	0.99%
3-Year	1.24%	1.25%
4-Year	1.63%	1.64%
5-Year	1.88%	1.90%
7-Year	2.37%	2.40%

Minimum investment is $1,000. 

Current PenFed CD Rates

Top Rate Surveys:

• CD Rates at Largest US Banks
  
  
• Best Savings Account Rate Survey
  
  
• Highest CD Rate Survey by Term
  
  
• Make sure you read the article: Beware of Annuities