15 most recent bank failures

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Pulaski Savings Bank's demise on Jan. 17 marked the first bank failure of 2025 and the 15th since 2019. 

Millennium Bank of Des Plaines, Illinois, assumed Pulaski Savings Bank's deposits. The only branch for Pulaski Savings Bank reopened as a branch of Millennium Bank on Jan. 18.

"The FDIC preliminarily estimates that the failure will cost its Deposit Insurance Fund (DIF) about $28.5 million," the Federal Deposit Insurance Corp. said in a release. "The estimate will change over time as assets are sold. Suspected fraud caused the higher estimated cost to the DIF."

Read more: FDIC considers lawsuit against ex-SVB executives 

This failure will cost the FDIC less than the previous one, First National Bank of Lindsay, in Lindsay, Oklahoma, which was estimated to cost the DIF $43 million to wind down.

Read more: First National Bank of Lindsay failure: One-off or sign of the times?

The OCC closed First National Bank of Lindsay "after identifying false and deceptive bank records and other information suggesting fraud that revealed depletion of the bank's capital," the agency said in an October press release.

First Bank & Trust Co. in Duncan, Oklahoma, assumed the First National Bank of Lindsay's insured deposits. The only office of the First National Bank of Lindsay resumed as a branch of First Bank & Trust Co. on Oct. 21.

Catch up on the most recent bank failures: