Data / Bank failures / Alabama
Bank failures in Alabama: 35 banks since 1937
35 banks in Alabama failed between 1937 and 2012, holding $36.23 billion in assets and $29.05 billion in deposits. The FDIC estimates the cost to its insurance fund at $3.61 billion. The FDIC also assisted 4 open banks without closing them. The largest: Colonial Bank ($25.46 billion), Superior Bank ($2.98 billion), Altus FSB ($1.97 billion). By decade: 1930s 2, 1950s 1, 1960s 1, 1970s 4, 1980s 18, 1990s 6, 2000s 3, 2010s 4.
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| 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. |
| First Lowndes Bank | Fort Deposit | March 19, 2010 | $137.2 million | $131.1 million | $11.7 million | First Citizens Bank |
| 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 |
| Birmingham FSB | Birmingham | August 21, 1992 | $91.8 million | $82.1 million | $3.4 million | First Commercial Bank |
| First Russell County | Phenix City | July 24, 1992 | $87 million | $80.5 million | $390,344 | |
| Altus FSB | Mobile | May 17, 1991 | $1.97 billion | $1.15 billion | $71.2 million | |
| Jefferson Federal Sa | Birmingham | March 8, 1991 | $666.5 million | $488.7 million | $17.5 million | |
| First FS & La of Andalusia | Andalusia | December 28, 1990 | $38.7 million | $37.7 million | $6.3 million | Colonial Bank |
| Tuskegee S & La | Tuskegee | November 30, 1990 | $31.8 million | $28.5 million | $15.3 million | First Tuskegee Bank |
| City FS & La | Birmingham | March 30, 1989 | $712 million | $648.2 million | $53.3 million | First Alabama Bank |
| Baldwin County Fed. Savings Bank | Robertsdale | March 30, 1989 | $171.5 million | $156.8 million | $7.3 million | First Alabama Bank |
| Phenix Fed. S & L Assoc. | Phenix City | March 9, 1989 | $150.3 million | $194.8 million | $69.9 million | |
| First Savings Bank of Alabama | Hamilton | March 9, 1989 | $26 million | $24 million | $1.9 million | Southtrust Bank of Marion C |
| Guaranty Fed. S & L Assoc. | Birmingham | February 17, 1989 | $381.3 million | $398.6 million | $55.9 million | Southtrust Affliated Banks |
| Coosa FS&LA (assistance) | Gadsden | September 6, 1988 | $72.1 million | $76.2 million | $13.1 million | Secor Savings Bank FSB |
| Gulf FS&LA (assistance) | Mobile | November 12, 1987 | $6.1 million | $6.5 million | $1.3 million | Gulf Federal Bank A FSB |
| Phenix FS&LA | Phenix City | September 18, 1987 | $225.5 million | $235.5 million | ||
| The Peoples Bank | Collinsville | April 22, 1987 | $11.9 million | $11.9 million | $934,187 | Bank of Geraldine |
| First State Bank of Atmore | Atmore | February 19, 1987 | $12.4 million | $12.4 million | First NB of Atmore | |
| Rainsville Bank | Rainsville | May 9, 1986 | $17.5 million | $16.1 million | $565,811 | Jacobs Bank |
| The Commercial Bank (assistance) | Andalusia | August 16, 1985 | $77.8 million | $76.4 million | The Commercial Bank | |
| The First National Bank of Jacksonville | Jacksonville | July 5, 1985 | $43.3 million | $39.6 million | $9.1 million | Amsouth Bank of Jacksonv |
| Cherokee County Bank | Centre | June 5, 1984 | $39.4 million | $37.6 million | $7.1 million | First Albank of Anniston |
| First FS&LA of Monroeville (assistance) | Monroeville | December 30, 1983 | $29.8 million | $29.8 million | $2.5 million | Jefferson FS&LA |
| Bank of Hackleburg | Hackleburg | December 13, 1983 | $6.5 million | $6.4 million | $1.8 million | Southtrust BK of Marion |
| Cedar Bluff Bank | Cedar Bluff | November 2, 1982 | $13.7 million | $12.7 million | $1.5 million | Union State Bank |
| East Gadsden Bank | Gadsden | December 31, 1980 | $44 million | $40.7 million | $957,432 | Central Bank of Alabama |
| Southern National Bank | Birmingham | June 14, 1979 | $32.6 million | $24 million | ||
| Watkins Banking Company | Faunsdale | July 21, 1978 | $1.7 million | $1.3 million | ||
| Wilcox County Bank | Camden | March 1, 1978 | $12.7 million | $10.6 million | ||
| First Bank of Macon County | Notasulga | January 26, 1978 | $4.5 million | $3.8 million | ||
| Bank of Pine Apple | Pine Apple | January 31, 1967 | $4.3 million | $3.9 million | ||
| Thomasville Bank and Trust Co. | Thomasville | January 21, 1952 | $1 million | $1.8 million | ||
| The Bank of Cuba | Cuba | November 26, 1938 | $89,000 | $100,000 | ||
| The First National Bank of Albertville | Albertville | August 12, 1937 | $428,000 |
Other states
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- South Dakota 44
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
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.