Six FDIC-Insured Banks Failed in the Past Year. Here’s Each One Ranked by Size, Led by Irvine’s Nano Banc
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Six FDIC-insured banks failed between Nov. 14, 2025 and Nov. 14, 2026[1], according to the FDIC’s list of failed banks. That’s a small count for a country with thousands of banks, but each closure affected real checking and savings accounts.
Ordered by size, the list goes from a mid-sized California lender down to a tiny Indiana savings and loan, and each one ended the same way for insured depositors: their money moved to another bank.
Nano Banc in Irvine, California, leads the list. It reported $736,172,000[2] in total assets on its last call report, the quarterly financial filing every bank sends regulators. Regulators closed it on Sept. 25, 2026[2], and Sunwest Bank took over. Nano Banc was larger than the other five failures combined, which together held $712,100,000 in assets.
Six Failed Banks Ranked by Total Assets
| Ordered | Bank | Location | Closed | Total Assets | Total Deposits | Acquirer | Est. Cost to Insurance Fund |
|---|---|---|---|---|---|---|---|
| 1 | Nano Banc | Irvine, CA | Sept. 25, 2026[2] | $736,172,000[2] | $685,846,000[2] | Sunwest Bank | $114,000,000 |
| 2 | Community Bank and Trust – West Georgia | LaGrange, GA | May 1, 2026[2] | $305,716,000[2] | $296,420,000[2] | Anchor Bank | $97,284,000[1] |
| 3 | Metropolitan Capital Bank & Trust | Chicago, IL | Jan. 30, 2026[2] | $261,185,000[2] | $212,152,000[2] | First Independence Bank | $19,647,000[1] |
| 4 | Small Business Bank | Lenexa, KS | July 17, 2026[2] | $72,947,000[2] | $68,773,000[2] | The Farmers State Bank of Oakley, Kansas | $5,671,000[1] |
| 5 | Tioga-Franklin Savings Bank | Philadelphia, PA | Aug. 21, 2026[2] | $68,444,000[2] | $66,571,000[2] | Second Federal Savings and Loan Association of Philadelphia | $5,500,000 |
| 6 | Kentland Federal Savings and Loan Association | Kentland, IN | July 10, 2026[2] | $3,808,000[2] | $3,656,000[2] | Kentland Bank | $1,194,000[1] |
The estimated cost column shows how much each failure is expected to draw from the Deposit Insurance Fund, the pool that banks pay into so insured deposits can be covered. Community Bank and Trust – West Georgia has the largest published estimate at $97,284,000[1], even though it ranked second by size. The FDIC published preliminary cost estimates for Nano Banc and Tioga-Franklin when they closed. Both banks’ assets and deposit figures come from June 30, 2026 call reports.
How FDIC Insurance Protects Depositors When a Bank Closes
The FDIC is the federal agency that backs bank deposits, and its insurance generally covers eligible deposits up to $250,000 per depositor, per insured bank, for each ownership category. An ownership category is simply how an account is titled, and each one gets its own separate limit at the same bank.
Single accounts, joint accounts, certain retirement accounts such as IRAs, and trust accounts each count as different categories. On joint accounts, each co-owner is insured up to $250,000, so a two-person joint account can hold $500,000 and stay covered. Trust accounts are insured up to $250,000 per beneficiary, for up to five beneficiaries, which lets a family with several account types reach well past the basic limit at one bank.
When a bank fails, the FDIC usually finds a healthy bank to take over its deposits. That’s the acquiring bank. Insured customers typically keep their balances and get access to their money quickly, with accounts reopening under the new bank’s name. All six failures on this list had an acquirer, from Sunwest Bank in California to Kentland Bank in Indiana.
Brokerage Accounts Follow Different Rules Under SIPC
Stocks, bonds, and mutual funds sit outside FDIC coverage, since the FDIC insures deposits only. Brokerage accounts fall under the Securities Investor Protection Corporation, or SIPC, which steps in to restore missing cash and securities if a member brokerage firm fails. Its protection is capped at $500,000, including $250,000 in cash, per customer. SIPC covers missing assets, while normal market losses stay with the investor.
What to Watch as the FDIC Finalizes Its Numbers
The pending cost estimates for Nano Banc and Tioga-Franklin are the next figures to look for on the FDIC’s list. Broader household credit looked steady by comparison. The credit card delinquency rate across commercial banks fell to 2.85%[3] in the second quarter of 2026, down from 3.08% in late 2024. That reading sits in a “normal” range, though it doesn’t explain why any single bank failed.
For savers, one check locates the coverage question. The FDIC’s Electronic Deposit Insurance Estimator, known as EDIE, allows depositors to enter each account by bank and ownership category and see exactly how much is insured. Anyone holding more than $250,000 at one bank, or splitting money across joint, retirement, and trust accounts, can use it to confirm every dollar is covered before a failure makes it necessary.
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David Beren has been a Flywheel Publishing contributor since 2022. Writing for 24/7 Wall St. since 2023, David loves to write about topics of all shapes and sizes. As a technology expert, David focuses heavily on consumer electronics brands, automobiles, and general technology. He has previously written for LifeWire, formerly About.com. As a part-time freelance writer, David’s “day job” has been working on and leading social media for multiple Fortune 100 brands. David loves the flexibility of this field and its ability to reach customers exactly where they like to spend their time. Additionally, David previously published his own blog, TmoNews.com, which reached 3 million readers in its first year. In addition to freelance and social media work, David loves to spend time with his family and children and relive the glory days of video game consoles by playing any retro game console he can get his hands on.
