FDIC Reports Five Bank Failures in 2026, Totaling About $694 Million in Assets

The FDIC reported five insured bank failures in 2026, representing approximately $693.8 million in total assets and $619.6 million in total deposits.

In each case, the FDIC arranged for a healthy institution to assume all or substantially all of the failed bank's deposits, along with some or all of its assets.

The most recent failure occurred on August 21, 2026, when Tioga-Franklin Savings Bank of Philadelphia closed with approximately $68 million in assets and $67 million in deposits. Second Federal Savings and Loan Association of Philadelphia assumed all of its deposits and substantially all of its assets.