Data / Bank failures / 2002
US bank failures in 2002: 11 banks closed
11 banks failed in 2002, holding $2.87 billion in assets and $2.51 billion in deposits. The FDIC estimates the cost to its insurance fund at $415.3 million. The largest: Hamilton Bank, National Association ($1.41 billion), Nextbank ($700.2 million), Connecticut Bank of Commerce ($384.2 million). Most by state: FL 2, LA 1, TN 1, GA 1, IL 1.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Farmers Bank & Trust of Cheneyville | Cheneyville | LA | December 17, 2002 | $35.3 million | $32.1 million | $12.2 million | Sabine State Bank & Trust C |
| Bank of Alamo | Alamo | TN | November 8, 2002 | $58.5 million | $52.2 million | $9.3 million | |
| Amtrade International Bank of Georgia | Atlanta | GA | September 30, 2002 | $92.1 million | $73.2 million | $1.3 million | |
| Universal FSB | Chicago | IL | June 27, 2002 | $51.6 million | $40.3 million | $274,452 | Chicago Community Bank |
| Connecticut Bank of Commerce | Stamford | CT | June 26, 2002 | $384.2 million | $344.4 million | $53.8 million | Hudson United Bank |
| New Century Bank | Shelby Township | MI | March 28, 2002 | $21.1 million | $18.9 million | $4.4 million | |
| Net First National Bank | Boca Raton | FL | March 1, 2002 | $37.2 million | $31.6 million | Bank Leumi | |
| Nextbank | Phoenix | AZ | February 7, 2002 | $700.2 million | $551.3 million | $164 million | |
| Oakwood Deposit Bank | Oakwood | OH | February 1, 2002 | $72.3 million | $60.2 million | $63.6 million | The State Bank and Trust Co |
| Bank of Sierra Blanca | Sierra Blanca | TX | January 18, 2002 | $10.8 million | $9.9 million | $4.6 million | The Security State Bank of |
| Hamilton Bank, National Association | Miami | FL | January 11, 2002 | $1.41 billion | $1.30 billion | $101.7 million | Israel Discount Bank of New |
Other years
- 2026 4
- 2025 2
- 2024 2
- 2023 5
- 2020 4
- 2019 4
- 2017 8
- 2016 5
- 2015 8
- 2014 18
- 2013 24
- 2012 51
- 2011 92
- 2010 157
- 2009 148
- 2008 30
- 2007 3
- 2004 4
- 2003 3
- 2001 4
- 2000 7
- 1999 8
- 1998 3
- 1997 1
- 1996 6
- 1995 8
- 1994 15
- 1993 50
- 1992 181
- 1991 271
- 1990 382
- 1989 534
- 1988 470
- 1987 262
- 1986 204
- 1985 180
- 1984 106
- 1983 99
- 1982 119
- 1981 40
- 1980 22
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 1974 4
- 1973 6
- 1972 2
- 1971 7
- 1970 7
- 1969 9
- 1968 3
- 1967 4
- 1966 7
- 1965 5
- 1964 7
- 1963 2
- 1962 1
- 1961 5
- 1960 1
- 1959 3
- 1958 4
- 1957 1
- 1956 2
- 1955 5
- 1954 2
- 1953 2
- 1952 3
- 1951 2
- 1950 4
- 1949 4
- 1948 3
- 1947 5
- 1946 1
- 1945 1
- 1944 2
- 1943 5
- 1942 20
- 1941 15
- 1940 43
- 1939 60
- 1938 74
- 1937 75
- 1936 69
- 1935 25
- 1934 9
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.