Unclaimed Accounts at Failed Banks & Insolvent Credit Unions    

Trace and claim a missing bank account, lost CD or unclaimed IRA   

Find a missing bank or credit union savings account, CD or safe deposit box
Cost to FDIC Deposit Insurance Fund of 501 failed banks from 2008-17: $95.5 billion ...


Depositor Alert

Unclaimed NCUA and FDIC Insured Deposits at Closed Banks and Credit Unions


Lost bank account, lost safe deposit box and missing CD search

2017 Bank Failures
Washington Federal
Farmers & Merchants Argonia
Fayette County Bank
Guaranty Bank
Best Bank
First NBC Bank
Proficio Bank
Seaway Bank & Trust

Harvest Community Bank

2016 Bank Failures
Allied Bank
Woodbury Banking Co.
First CornerStone Bank
Trust Company Bank
North Milwaukee State

2015 Bank Failures
Hometown National Bank
The Bank of Georgia
Premier Bank
Edgebrook Bank
Capitol City Bank & Trust
Highland Community
First National Crestview

2014 Bank Failures

2013 Bank Failures

2008-2012 Bank Failures

Closed Credit Unions - 2017

Riverdale Credit Union
NY State Employees
Shreveport Federal
Valley State
Florida Conference AME

Closed Credit Unions - 2016

First African Baptist Church Federal Credit Union
Cardozo Lodge
Chester Upland School
Electrical Inspectors
O P S EMP Federal
Servco Federal
Triangle Interests
Veterans Health Admin
Education Associations
Mildred Mitchell-Bateman
CTK Credit Union
Mildred Mitchell-Bateman
Education Associations

Closed Credit Unions - 2015
First Hawaiian Homes
Bethex FCU
Greater Abyssinia  Helping People Excel
SWC Credit Union
SCICAP

Lakeside Federal
Trailblazer Federal

TLC Federal
North Dade Community
American Bakery Worker

Closed Credit Unions 2009-14

The Federal Deposit Insurance Corporation (FDIC) administers insurance funds to protect depositors from losing money when banks fail. The Savings and Loan Crisis of the 1980s saw 2,100 institutions shuttered. Since the start of the Great Recession in 2008, there have been 500 bank closures, including the largest ever, Washington Mutual, with $182 billion in deposits.

Participating banks pay premiums to the Deposit Insurance Fund (DIF). When a bank is closed by government regulators, the FDIC assumes responsibility for the payout of insured deposits (up to $250,000 per qualified account), ** and liquidation of the institution's assets, which are distributed to creditors.

Written notice is sent to insured depositors within 30 days of a bank's closing advising they must claim their deposit from the FDIC, or if the deposit has been transferred to another institution, from that institution. A second notice is mailed 15 months after the first.

Not every depositor with funds in a failed bank will receive notification.  Beneficial owners of fiduciary accounts, including Uniform Transfers To Minors (UTMA) accounts, escrow accounts, Interest on Lawyer Trust Accounts (IOLTA), and Brokered Accounts will not be contacted.

There are negative consequences for those who fail to promptly claim insured funds. Transferred accounts may have lower interest rates and can lose insurance coverage after six months. If you already have accounts at a successor institution, the insurance limit may be exceeded and funds could be lost in a subsequent receivership.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

In a worst case scenario, claims on accounts which are inactive for an extended period may be denied, and safe deposit boxes can be drilled and the contents sold at auction.


 Trace and claim a lost bank account

For assistance tracing and reclaiming a lost bank account go to: Bank Account Search. For assistance with a lost safe deposit box go to: Safe Deposit Box Search

Different rules apply to failed Credit Unions. The National Credit Union Administration (NCUA) supervises and insures most federal and state-chartered credit unions. When a federally-insured credit union is liquidated, the Asset Liquidation Management Center pays member deposits up to a $250,000 limit ** from the National Credit Union Share Insurance Fund (NCUSIF).

There are time limits on claims. Accounts claimed within an 18-month insurance period are paid the full insured amount. After the 18-month insurance period, unclaimed shares are considered uninsured and are written down to subsidize any losses incurred.

For assistance finding and claiming a lost or dormant credit union account go to Credit Union Account Search

---------------------------------------------------------------------------------------------------------------------------------------** The Emergency Economic Stabilization Act of 2008 temporarily increased FDIC and NCUA deposit insurance to $250,000 from October 3, 2008, through December 31, 2009; but the change has now been made permanent and retroactive by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.

The $250,000 deposit insurance limit now applies to banks that failed between January 1 and October 3, 2008. Former depositors at the following failed banks, therefore, may be entitled to receive additional compensation:



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