Data / Bank failures / 2010 / First Lowndes Bank
First Lowndes Bank, Fort Deposit, AL: failed March 19, 2010
First Lowndes Bank in Fort Deposit, Alabama, failed on March 19, 2010. First Citizens Bank of Luverne, AL, took over its deposits. It held $137.2 million in assets and $131.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $11.7 million (8.5% of its assets). By assets it was the 107th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- March 19, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Citizens Bank, Luverne, AL
- Total assets
- $137,175,000
- Total deposits
- $131,117,000
- Estimated cost to the FDIC
- $11,724,506 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 24957
Other bank failures in Alabama, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Alabama Trust Bank, National Association | Sylacauga | May 18, 2012 | $51.6 million | $45.1 million | $10.7 million | Southern States Bank |
| Nexity Bank | Birmingham | April 15, 2011 | $757.6 million | $611.7 million | $182 million | Alostar Bank of Commerce |
| Superior Bank | Birmingham | April 15, 2011 | $2.98 billion | $2.74 billion | $281.2 million | Superior Bank, N.A. |
| New South Federal Savings Bank | Irondale | December 18, 2009 | $1.46 billion | $1.16 billion | $311.6 million | Beal Bank |
| Capitalsouth Bank | Birmingham | August 21, 2009 | $586.6 million | $539.4 million | $126.3 million | Iberiabank |
| Colonial Bank | Montgomery | August 14, 2009 | $25.46 billion | $20.07 billion | $2.37 billion | BB&T |
All bank failures in 2010 · All bank failures in Alabama · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.