Bank failures in 2002

FDIC-insured banks and savings institutions recorded 11 failures in 2002, according to the FDIC.

11 FDIC-insured banks and savings institutions failed in 2002, the FDIC records, oldest first.

3 more columns on a wider screen

Failures and assistance transactions of FDIC-insured institutions in 2002, oldest first
Date	Institution	Where	Resolution	Assets	Estimated cost
January 11, 2002	HAMILTON BANK, NATIONAL ASSOCIATION	MIAMI, FL	FAILURE	$1.4 billion	$101.7 million
January 18, 2002	BANK OF SIERRA BLANCA	SIERRA BLANCA, TX	FAILURE	$10.8 million	$4.6 million
February 1, 2002	OAKWOOD DEPOSIT BANK	OAKWOOD, OH	FAILURE	$72.3 million	$63.6 million
February 7, 2002	NEXTBANK	PHOENIX, AZ	FAILURE	$700.2 million	$164.0 million
March 1, 2002	NET FIRST NATIONAL BANK	BOCA RATON, FL	FAILURE	$37.2 million	$0
March 28, 2002	NEW CENTURY BANK	SHELBY TOWNSHIP, MI	FAILURE	$21.1 million	$4.4 million
June 26, 2002	CONNECTICUT BANK OF COMMERCE	STAMFORD, CT	FAILURE	$384.2 million	$53.8 million
June 27, 2002	UNIVERSAL FSB	CHICAGO, IL	FAILURE	$51.6 million	$274.5 thousand
September 30, 2002	AMTRADE INTERNATIONAL BANK OF GEORGIA	ATLANTA, GA	FAILURE	$92.1 million	$1.3 million
November 8, 2002	BANK OF ALAMO	ALAMO, TN	FAILURE	$58.5 million	$9.3 million
December 17, 2002	THE FARMERS BANK & TRUST OF CHENEYVILLE	CHENEYVILLE, LA	FAILURE	$35.3 million	$12.2 million

Sources

FDIC failures — every bank failure and assistance transaction since 1934 — Federal Deposit Insurance Corporation · Public domain — U.S. Government work · retrieved September 27, 2026

Compiled automatically from FDIC failures — every bank failure and assistance transaction since 1934 by a checked SQL query · Editor: Kian O'Connor · How this site is built

Data retrieved September 30, 2026