List of banks acquired or bankrupted in the United States during the 2007–2008 financial crisis
This is a list of banks in the United States affected by the 2007–2008 financial crisis. The list includes banks (including commercial banks, investment banks, and savings and loan associations) that have:
- been taken over or merged with another financial institution,
- been declared insolvent or liquidated, or
- filed for bankruptcy.
The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012.[1]
Banks
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America. IndyMac Bank was also a large bank that was changed into a bridge bank by the FDIC, after its failure, until the funds can be disposed of. In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset Relief Program.
As a result of the economic and financial crisis, over 65 U.S. banks have become insolvent and have been taken over by the FDIC since the beginning of 2008. Combined, these banks held over $55 billion in deposits, and the takeovers cost the federal government an estimated $17 billion.[2]
A list of all banks that have failed since October 1, 2000, and either have been liquidated or are being liquidated by the FDIC is located at http://www.fdic.gov/bank/individual/failed/banklist.html.
2007 (3 total)
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | Ref. |
---|---|---|---|---|
February 2, 2007 | Metropolitan Savings Bank, Pittsburgh, Pennsylvania | Allegheny Valley Bank, Pittsburgh, Pennsylvania | [3] | |
September 28, 2007 | NetBank, Alpharetta, Georgia | ING Direct, Wilmington, Delaware | Retail and mortgage bank | [4][5] |
October 4, 2007 | Miami Valley Bank, Lakeview, Ohio | Citizens Banking Corp, Sandusky, Ohio | [6][7] |
2008 (26 total)
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | Ref. |
---|---|---|---|---|
January 25, 2008 | Douglass National Bank, Kansas City, Missouri | Liberty Bank and Trust Company, New Orleans, Louisiana | [8] | |
March 7, 2008 | Hume Bank, Hume, Missouri | Security Bank, Rich Hill, Missouri | [9] | |
May 9, 2008 | ANB Financial, Bentonville, Arkansas | Pulaski Bank and Trust Company, Little Rock, Arkansas | [10] | |
May 30, 2008 | First Integrity Bank, Staples, Minnesota | First International Bank and Trust, Watford City, North Dakota | [11] | |
July 11, 2008 | IndyMac Bank, Pasadena, California | IndyMac Federal Bank, an 'interim' bank set up by FDIC for disposal of assets | savings and loan association | [12] |
July 25, 2008 | First National Bank of Nevada, Reno, Nevada; First Heritage Bank, Newport Beach, California | Mutual of Omaha, Omaha, Nebraska | [13] | |
August 1, 2008 | First Priority Bank, Bradenton, Florida | SunTrust Bank, Atlanta, Georgia | [14] | |
August 22, 2008 | The Columbian Bank and Trust Company, Topeka, Kansas | Citizens Bank & Trust, Chillicothe, Missouri | [15] | |
August 29, 2008 | Integrity Bank, Alpharetta, Georgia | Regions Bank, Birmingham, Alabama | [16] | |
September 5, 2008 | Silver State Bank, Henderson, Nevada | Nevada State Bank, Las Vegas, Nevada | [17] | |
September 19, 2008 | AmeriBank, Northfork, West Virginia | Pioneer Community Bank, Iaeger, West Virginia; The Citizen's Saving Bank, Martins Ferry, Ohio | Savings and loan association | [18] |
September 25, 2008 | Washington Mutual, Seattle, Washington | JPMorgan Chase | savings and loan association | [19] |
October 10, 2008 | Main Street Bank, Northville, Michigan | Monroe Bank & Trust, Monroe, Michigan | Commercial bank | [20] |
October 10, 2008 | Meridian Bank, Eldred, Illinois | National Bank, Hillsboro, Illinois | Commercial bank | [21] |
October 24, 2008 | National City Corp., Cleveland, Ohio | PNC Financial Services, Pittsburgh, Pennsylvania | Funded by TARP funds. | [22][23] |
October 24, 2008 | Alpha Bank & Trust, Alpharetta, Georgia | Stearns Bank, National Association, St. Cloud, Minnesota | [24] | |
October 31, 2008 | Freedom Bank, Bradenton, Florida | Fifth Third Bank, Cincinnati, Ohio | Commercial bank | [25] |
November 7, 2008 | Franklin Bank, S.S.B, Houston, Texas | Prosperity Bank, El Campo, Texas | Savings and loan association | [26] |
November 7, 2008 | Security Pacific Bank, Los Angeles, California | Pacific Western Bank, Los Angeles, California | Commercial bank | [27] |
November 21, 2008 | The Community Bank, Loganville, Georgia | Bank of Essex, Tappahannock, Virginia | Commercial bank | [28] |
November 21, 2008 | Downey Savings and Loan, Newport Beach, California | U.S. Bank, Minneapolis, Minnesota | Savings and loan association | [29] |
November 21, 2008 | PFF Bank and Trust, Pomona, California | U.S. Bank, Minneapolis, Minnesota | Savings and loan association | [29] |
December 5, 2008 | First Georgia Community Bank, Jackson, Georgia | United Bank, Zebulon, Georgia | Commercial bank | [30] |
December 12, 2008 | Haven Trust Bank, Duluth, Georgia | BB&T Company, Winston-Salem, North Carolina | Commercial bank | [31] |
December 12, 2008 | Sanderson State Bank, Sanderson, Texas | The Pecos County State Bank, Fort Stockton, Texas | Commercial bank | [32] |
December 31, 2008 | Wachovia Bank, Charlotte, North Carolina | Wells Fargo Bank, San Francisco, California | Commercial bank | [33] |
2009 (140 total)
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | Ref. |
---|---|---|---|---|
January 16, 2009 | National Bank of Commerce, Berkeley, Illinois | Republic Bank of Chicago, Oak Brook, Illinois | Commercial bank | [34] |
January 16, 2009 | Bank of Clark County, Vancouver, Washington | Umpqua Bank, Roseburg, Oregon | Commercial bank | [34] |
January 23, 2009 | 1st Centennial Bank, Redlands, California | First California Bank, Westlake Village, California | Commercial bank | [34] |
January 30, 2009 | MagnetBank, Salt Lake City, Utah | closed; FDIC payout of insured deposits | Commercial bank | [34] |
January 30, 2009 | Suburban Federal Savings Bank, Crofton, Maryland | Bank of Essex, Tappahannock, Virginia | Savings and loan association | [34] |
January 30, 2009 | Ocala National Bank, Ocala, Florida | CenterState Bank of Florida, Winter Haven, Florida | Commercial bank | [34] |
February 6, 2009 | FirstBank Financial Services, McDonough, Georgia | Regions Bank, Birmingham, Alabama | [34] | |
February 6, 2009 | Alliance Bank, Culver City, California | California Bank & Trust, San Diego, California | Commercial bank | [34] |
February 6, 2009 | County Bank, Merced, California | Westamerica Bank, San Rafael, California | Commercial bank | [34] |
February 13, 2009 | Sherman County Bank, Loup City, Nebraska | Heritage Bank, Wood River, Nebraska | Commercial bank | [34] |
February 13, 2009 | Riverside Bank of the Gulf Coast, Cape Coral, Florida | TIB Bank, Naples, Florida | Commercial bank | [34] |
February 13, 2009 | Corn Belt Bank and Trust Company, Pittsfield, Illinois | The Carlinville National Bank, Carlinville, Illinois | Commercial bank | [34] |
February 13, 2009 | Pinnacle Bank, Beaverton, Oregon | Washington Trust Bank, Spokane, Washington | Commercial bank | [34] |
February 20, 2009 | Silver Falls Bank, Silverton, Oregon | Citizens Bank, Corvallis, Oregon | Commercial bank | [34] |
February 27, 2009 | Heritage Community Bank, Glenwood, Illinois | MB Financial Bank, N.A., Chicago Illinois | Commercial bank | [34] |
February 27, 2009 | Security Savings Bank, Henderson, Nevada | Bank of Nevada, Las Vegas, Nevada | Commercial bank | [34] |
March 6, 2009 | Freedom Bank of Georgia, Commerce, Georgia | Northeast Georgia Bank, Lavonia, Georgia | Commercial bank | [34] |
March 20, 2009 | FirstCity Bank, Stockbridge, Georgia | closed; FDIC payout of insured deposits | Commercial bank | [34] |
March 20, 2009 | Colorado National Bank, Colorado Springs, Colorado | Herring Bank, Amarillo, Texas | Commercial bank | [34] |
March 20, 2009 | TeamBank, Paola, Kansas | Great Southern Bank, Springfield, Missouri | Commercial bank | [34] |
March 27, 2009 | Omni National Bank, Atlanta, Georgia | SunTrust Bank, Atlanta, Georgia | Commercial bank | [34] |
April 10, 2009 | Cape Fear Bank, Wilmington, North Carolina | First Federal Savings and Loan Association of Charleston, Charleston, South Carolina | Savings and loan association | [34] |
April 10, 2009 | New Frontier Bank, Greeley, Colorado | Deposit Insurance National Bank of Greeley (interim bank created by FDIC), Greeley, Colorado | Commercial bank | [34] |
April 17, 2009 | American Sterling Bank, Sugar Creek, Missouri | Metcalf Bank, Lee's Summit, Missouri | Commercial bank | [34] |
April 17, 2009 | Great Basin Bank of Nevada, Elko, Nevada | Nevada State Bank, Las Vegas, Nevada | Commercial bank | [34] |
April 24, 2009 | American Southern Bank, Kennesaw, Georgia | Bank of North Georgia, Alpharetta, Georgia | Commercial bank | [34] |
April 24, 2009 | Michigan Heritage Bank, Farmington Hills, Michigan | Level One Bank, Farmington Hills, Michigan | Commercial bank | [34] |
April 24, 2009 | First Bank of Beverly Hills, Calabasas, California | closed; FDIC payout of insured deposits | Commercial bank | [34] |
April 24, 2009 | First Bank of Idaho, FSB, Ketchum, Idaho | U.S. Bank, Minneapolis, Minnesota | Savings and loan association | [34] |
May 1, 2009 | Silverton Bank, NA, Atlanta, Georgia | Silverton Bridge Bank, NA, Atlanta, Georgia | Correspondent bank | [34] |
May 1, 2009 | Citizens Community Bank, Ridgewood, New Jersey | North Jersey Community Bank, Englewood Cliffs, New Jersey | Commercial bank | [34] |
May 1, 2009 | America West Bank, Layton, Utah | Cache Valley Bank, Logan, Utah | Commercial bank | [34] |
May 8, 2009 | Westsound Bank, Bremerton, Washington | Kitsap Bank, Port Orchard, Washington | Commercial bank | [34] |
May 21, 2009 | BankUnited, FSB, Coral Gables, Florida | BankUnited, Coral Gables, Florida | Savings and loan association | [34] |
May 22, 2009 | Strategic Capital Bank, Champaign, Illinois | Midland States Bank, Effingham, IL | Commercial bank | [34] |
May 22, 2009 | Citizens National Bank, Macomb, Illinois | Morton Community Bank, Morton, Illinois | Commercial bank | [34] |
June 5, 2009 | Bank of Lincolnwood, Lincolnwood, Illinois | Republic Bank of Chicago, Oak Brook, Illinois | Commercial bank | [34] |
June 19, 2009 | Southern Community Bank, Fayetteville, Georgia | United Community Bank, Blairsville, Georgia | Commercial bank | [34] |
June 19, 2009 | Cooperative Bank, Wilmington, North Carolina | First Bank, Troy, North Carolina | Commercial bank | [34] |
June 19, 2009 | First National Bank of Anthory, Anthony, Kansas | Bank of Kansas, South Hutchinson, Kansas | Commercial bank | [34] |
June 26, 2009 | Community Bank of West Georgia, Villa Rica, Georgia | closed; FDIC payout of insured deposits | Commercial bank | [34] |
June 26, 2009 | Neighborhood Community Bank, Newnan, Georgia | Charter Bank, West Point, Georgia | Commercial bank | [34] |
June 26, 2009 | Horizon Bank, Pine City, Minnesota | Stearns Bank, N.A., St. Cloud, Minnesota | Commercial bank | [34] |
June 26, 2009 | Metro Pacific Bank, Irvine, California | Sunwest Bank, Tustin, California | Commercial bank | [34] |
June 26, 2009 | Mirae Bank, Los Angeles, California | Wilshire State Bank, Los Angeles, California | Commercial bank | [34] |
July 2, 2009 | John Warner Bank, Clinton, Illinois | State Bank of Lincoln, Lincoln, Illinois | Commercial bank | [34] |
July 2, 2009 | First State Bank of Winchester, Winchester, Illinois | First Bank of Beardstown, Beardstown, Illinois | Commercial bank | [34] |
July 2, 2009 | Rock River Bank, Oregon, Illinois | The Harvard State Bank, Harvard, Illinois | Commercial bank | [34] |
July 2, 2009 | Elizabeth State Bank, Elizabeth, Illinois | Galena State Bank and Trust Company, Galena, Illinois | Commercial bank | [34] |
July 2, 2009 | First National Bank of Danville, Danville, Illinois | First National Bank, NA, Terre Haute, Indiana | Commercial bank | [34] |
July 2, 2009 | Millennium State Bank of Texas, Dallas, Texas | State Bank of Texas, Irving, Texas | Commercial bank | [34] |
July 2, 2009 | Founders Bank, Worth, Illinois | The Private Bank and Trust Company, Chicago, Illinois | Commercial bank | [34] |
July 10, 2009 | Bank of Wyoming, Thermopolis, Wyoming | Central Bank & Trust, Lander, Wyoming | Commercial bank | [34] |
July 17, 2009 | First Piedmont Bank, Winder, Georgia | First American Bank and Trust Company, Athens, Georgia | Commercial bank | [34] |
July 17, 2009 | Bank First, Sioux Falls, South Dakota | Alerus Financial N.A., Grand Forks, North Dakota | Commercial bank | [34] |
July 17, 2009 | Vineyard Bank, Rancho Cucamonga, California | California Bank & Trust, San Diego, California | Commercial bank | [34] |
July 17, 2009 | Temecula Valley Bank, Temecula, California | First-Citizens Bank and Trust Company, Raleigh, North Carolina | Commercial bank | [34] |
July 24, 2009 | Waterford Village Bank, Williamsville, New York | Evans Bank, N.A., Angola, New York | Commercial bank | [34] |
July 24, 2009 | Security Bank of Gwinnett County, Suwanee, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [34] |
July 24, 2009 | Security Bank of North Fulton, Alpharetta, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [34] |
July 24, 2009 | Security Bank of North Metro, Woodstock, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [34] |
July 24, 2009 | Security Bank of Bibb County, Macon, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [34] |
July 24, 2009 | Security Bank of Houston County, Perry, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [34] |
July 24, 2009 | Security Bank of Jones County, Gray, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [34] |
July 31, 2009 | First State Bank of Altus, Altus, Oklahoma | Herring Bank, Amarillo, Texas | Commercial bank | [34] |
July 31, 2009 | Integrity Bank, Jupiter, Florida | Stonegate Bank, Fort Lauderdale, Florida | Commercial bank | [34] |
July 31, 2009 | Peoples Community Bank, West Chester, Ohio | First Financial Bank, Hamilton, Ohio | Commercial bank | [34] |
July 31, 2009 | First BankAmericano, Elizabeth, New Jersey | Crown Bank, Brick, New Jersey | Commercial bank | [34] |
July 31, 2009 | Mutual Bank, Harvey, Illinois | United Central Bank, Garland, Texas | Commercial bank | [34] |
August 7, 2009 | First State Bank, Sarasota, Florida | Stearns Bank N.A, St. Cloud, Minnesota | Commercial bank | [34] |
August 7, 2009 | Community National Bank of Sarasota County, Venice, Florida | Stearns Bank N.A, St. Cloud, Minnesota | Commercial bank | [34] |
August 7, 2009 | Community First Bank, Prineville, Oregon | Home Federal Bank, Nampa, Idaho | Commercial bank | [34] |
August 14, 2009 | Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania | PNC Bank N.A, Pittsburgh, Pennsylvania | Commercial bank | [34] |
August 14, 2009 | Colonial Bank, Montgomery, Alabama | Branch Banking and Trust Company, Winston-Salem, North Carolina | Commercial bank | [34] |
August 14, 2009 | Community Bank of Nevada, Las Vegas, Nevada | Deposit Insurance National Bank of Las Vegas, Las Vegas, Nevada | Commercial bank | [34] |
August 14, 2009 | Community Bank of Arizona, Phoenix, Arizona | MidFirst Bank, Oklahoma City, Oklahoma | Commercial bank | [34] |
August 14, 2009 | Union Bank N.A., Gilbert, Arizona | MidFirst Bank, Oklahoma City, Oklahoma | Commercial bank | [34] |
August 21, 2009 | eBank, Atlanta, Georgia | Stearns Bank, NA, St. Cloud, Minnesota | Commercial bank | [34] |
August 21, 2009 | First Coweta Bank, Newnan, Georgia | United Bank, Zebulon, Georgia | Commercial bank | [34] |
August 21, 2009 | CapitalSouth Bank, Birmingham, Alabama | IberiaBank, Lafayette, Louisiana | Commercial bank | [34] |
August 21, 2009 | Guaranty Bank, Austin, Texas | BBVA Compass, Birmingham, Alabama | Commercial bank | [34] |
August 28, 2009 | Bradford Bank, Baltimore, Maryland | Manufacturers and Traders Trust Company, Buffalo, New York | Commercial bank | [34] |
August 28, 2009 | Mainstreet Bank, Forest Lake, Minnesota | Central Bank, Stillwater, Minnesota | Commercial bank | [34] |
August 28, 2009 | Affinity Bank, Ventura, California | Pacific Western Bank, San Diego, California | Commercial bank | [34] |
August 28, 2009 | Vantus Bank, Sioux City, Iowa | Great Southern Bank, Springfield, Missouri | Commercial bank | [34] |
September 4, 2009 | First Bank of Kansas City, Kansas City, Missouri | Great American Bank, DeSoto, Kansas | Commercial bank | [34] |
September 4, 2009 | InBank, Oak Forest, Illinois | MB Financial Bank NA, Chicago, Illinois | Commercial bank | [34] |
September 4, 2009 | Platinum Community Bank, Rolling Meadows, Illinois | closed; FDIC payout of insured deposits | Commercial bank | [34] |
September 4, 2009 | First State Bank, Flagstaff, Arizona | Sunwest Bank, Tustin, California | Commercial bank | [34] |
September 11, 2009 | Corus Bank, N.A., Chicago, Illinois | MB Financial Bank, N.A., Chicago, Illinois | Commercial bank | [34] |
September 11, 2009 | Brickwell Community Bank, Woodbury, Minnesota | CorTrust Bank, N.A., Mitchell, South Dakota | Commercial bank | [34] |
September 11, 2009 | Venture Bank, Lacey, Washington | First-Citizens Bank and Trust Company, Raleigh, North Carolina | Commercial bank | [34] |
September 18, 2009 | Irwin Union Bank and Trust Company, Columbus, Indiana | First Financial Bank, N.A., Hamilton, Ohio | Commercial bank | [34] |
September 18, 2009 | Irwin Union Bank, F.S.B., Louisville, Kentucky | First Financial Bank, N.A., Hamilton, Ohio | Savings and loan association | [34] |
September 25, 2009 | Georgian Bank, Atlanta, Georgia | First Citizens Bank and Trust Company, Columbia, South Carolina | Commercial bank | [34] |
October 2, 2009 | Warren Bank, Warren, Michigan | Huntington National Bank, Columbus, Ohio | Commercial bank | [34] |
October 2, 2009 | Colorado National Bank, Pueblo, Colorado | Legacy Bank, Wiley, Colorado | Commercial bank | [34] |
October 2, 2009 | State Bank, Spring Grove, Minnesota | Central Bank, Stillwater, Minnesota | Commercial bank | [34] |
October 16, 2009 | San Joaquin Bank, Bakersfield, California | Citizens Business Bank, Ontario, California | Commercial bank | [34] |
October 23, 2009 | Partners Bank, Naples, Florida | Stonegate Bank, Fort Lauderdale, Florida | Commercial bank | [34] |
October 23, 2009 | American United Bank, Lawrenceville, Georgia | Ameris Bank, Moultrie, Georgia | Commercial bank | [34] |
October 23, 2009 | Hillcrest Bank Florida, Naples, Florida | Stonegate Bank, Fort Lauderdale, Florida | Commercial bank | [34] |
October 23, 2009 | Flagship National Bank, Bradenton, Florida | First Federal Bank of Florida, Lake City, Florida | Commercial bank | [34] |
October 23, 2009 | Bank of Elmwood, Racine, Wisconsin | Tri City National Bank, Oak Creek, Wisconsin | Commercial bank | [34] |
October 23, 2009 | Riverview Community Bank, Otsego, Minnesota | Central Bank, Stillwater, Minnesota | Commercial bank | [34] |
October 23, 2009 | First DuPage Bank, Westmont, Illinois | First Midwest Bank, Itasca, Illinois | Commercial bank | [34] |
October 23, 2009 | Bank USA, NA, Phoenix, Arizona | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | California National Bank, Los Angeles, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | San Diego National Bank, San Diego, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | Pacific National Bank, San Francisco, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | Park National Bank, Chicago, Illinois | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | Community Bank of Lemont, Lemont, Illinois | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | North Houston Bank, Houston, Texas | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | Madisonville State Bank, Madisonville, Texas | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | Citizens National Bank, Teague, Texas | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
October 23, 2009 | California National Bank, Los Angeles, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [34] |
November 6, 2009 | United Security Bank, Sparta, Georgia | Ameris Bank, Moultrie, Georgia | Commercial bank | [34] |
November 6, 2009 | Home Federal Savings Bank, Detroit, Michigan | Liberty Bank and Trust Company, New Orleans, Louisiana | Commercial bank | [34] |
November 6, 2009 | Prosperan Bank, Oakdale, Minnesota | Alerus Financial, NA, Grand Forks, North Dakota | Commercial bank | [34] |
November 6, 2009 | Gateway Bank of St. Louis, St. Louis, Missouri | Central Bank of Kansas City, Kansas City, Missouri | Commercial bank | [34] |
November 6, 2009 | United Commercial Bank, San Francisco, California | East West Bank, Pasadena, California | Commercial bank | [34] |
November 13, 2009 | Century Bank, Federal Savings Bank, Sarasota, Florida | IberiaBank, Lafayette, Louisiana | Savings and loan association | [34] |
November 13, 2009 | Orion Bank, Naples, Florida | IberiaBank, Lafayette, Louisiana | Commercial bank | [34] |
November 13, 2009 | Pacific Coast National Bank, San Clemente, California | Sunwest Bank, Tustin, California | Commercial bank | [34] |
November 20, 2009 | Commerce Bank of Southwest Florida, Fort Myers, Florida | Central Bank, Stillwater, Minnesota | Commercial bank | [34] |
November 20, 2009 | Commerce Bank of Southwest Florida, Fort Myers, Florida | Central Bank, Stillwater, Minnesota | Commercial bank | [34] |
December 4, 2009 | Buckhead Community Bank, Atlanta, Georgia | State Bank and Trust Company, Macon, Georgia | Commercial bank | [34] |
December 4, 2009 | First Security National Bank, Norcross, Georgia | State Bank and Trust Company, Macon, Georgia | Commercial bank | [34] |
December 4, 2009 | Tattnall Bank, Reidsville, Georgia | HeritageBank of the South, Albany, Georgia | Commercial bank | [34] |
December 4, 2009 | AmTrust Bank, Cleveland, Ohio | New York Community Bank, Westbury, New York | Savings and loan association | [34] |
December 4, 2009 | Benchmark Bank, Aurora, Illinois | MB Financial Bank, National Association, Chicago, Illinois | Commercial bank | [34] |
December 4, 2009 | Greater Atlantic Bank, Reston, Virginia | Sonabank, McLean Virginia | Savings and loan association | [34] |
December 11, 2009 | Republic Federal Bank, National Association, Miami, Florida | 1st United Bank, Boca Raton, Florida | Commercial bank | [34] |
December 11, 2009 | Valley Capital Bank, National Association, Mesa, Arizona | Enterprise Bank & Trust, Clayton, Missouri | Commercial bank | [34] |
December 11, 2009 | SolutionsBank, Overland Park, Kansas | Arvest Bank, Fayetteville, Arkansas | Commercial bank | [34] |
December 18, 2009 | RockBridge Commercial Bank, Atlanta, Georgia | FDIC (no acquiring bank) | Commercial bank | [34] |
December 11, 2009 | Peoples First Community Bank, Panama City, Florida | Hancock Bank, Gulfport, Mississippi | Savings and loan association | [34] |
December 18, 2009 | Citizens State Bank, New Baltimore, Michigan | FDIC-created Deposit Insurance National Bank of New Baltimore (no acquiring bank) | Commercial bank | [34] |
December 11, 2009 | New South Federal Savings Bank, Irondale, Alabama | Beal Bank, Plano, Texas | Savings and loan association | [34] |
December 11, 2009 | Independent Bankers' Bank, Springfield, Illinois | FDIC-created Independent Bankers' Bank Bridge Bank | Correspondent bank | [34] |
December 18, 2009 | Imperial Capital Bank, La Jolla, California | City National Bank, Los Angeles, California | Commercial bank | [34] |
December 18, 2009 | First Federal Bank of California, Santa Monica, California | OneWest Bank, FSB, Pasadena | Savings and loan association | [34] |
2010 (157 total)
The following 157 banks failed in 2010:[1]
Bank | City | State | Date | Acquired by | Assets ($mil.) | |
---|---|---|---|---|---|---|
1 | Horizon Bank | Bellingham | Washington | January 8, 2010 | Washington Federal Savings and Loan Association | 1,300 |
2 | Town Community Bank & Trust | Antioch | Illinois | January 15, 2010 | First American Bank | 70 |
3 | St. Stephen State Bank | St. Stephen | Minnesota | January 15, 2010 | First State Bank of St. Joseph | 25 |
4 | Barnes Banking Company | Kaysville | Utah | January 15, 2010 | None (insured depositors paid directly) | 828 |
5 | Premier American Bank | Miami | Florida | January 22, 2010 | Premier American Bank, N.A. | 351 |
6 | Bank of Leeton | Leeton | Missouri | January 22, 2010 | Sunflower Bank, N.A. | 20 |
7 | Charter Bank | Santa Fe | New Mexico | January 22, 2010 | Charter Bank | 1,200 |
8 | Evergreen Bank | Seattle | Washington | January 22, 2010 | Umpqua Bank | 489 |
9 | Columbia River Bank | The Dalles | Oregon | January 22, 2010 | Columbia State Bank | 1,100 |
10 | First National Bank of Georgia | Carrollton | Georgia | January 29, 2010 | Community and Southern Bank | 833 |
11 | Florida Community Bank | Immokalee | Florida | January 29, 2010 | Premier American Bank, N.A. | 876 |
12 | Marshall Bank, N.A. | Hallock | Minnesota | January 29, 2010 | United Valley Bank | 60 |
13 | Community Bank and Trust | Cornelia | Georgia | January 29, 2010 | SCBT, NA | 1,210 |
14 | First Regional Bank | Los Angeles | California | January 29, 2010 | First-Citizens Bank and Trust Company | 2,180 |
15 | American Marine Bank | Bainbridge Island | Washington | January 29, 2010 | Columbia State Bank | 373 |
16 | 1st American State Bank of Minnesota | Hancock | Minnesota | February 5, 2010 | Community Development Bank, FSB | 18 |
17 | La Jolla Bank | La Jolla | California | February 19, 2010 | OneWest Bank, FSB | 3,600 |
18 | George Washington Savings Bank | Orland Park | Illinois | February 19, 2010 | FirstMerit Bank, N.A. | 413 |
19 | The La Coste National Bank | La Coste | Texas | February 19, 2010 | Community National Bank | 54 |
20 | Marco Community Bank | Marco Island | Florida | February 19, 2010 | Mutual of Omaha Bank | 120 |
21 | Carson River Community Bank | Carson City | Nevada | February 26, 2010 | Heritage Bank of Nevada | 51 |
22 | Rainier Pacific Bank | Tacoma | Washington | February 26, 2010 | Umpqua Bank | 718 |
23 | Centennial Bank | Ogden | Utah | March 5, 2010 | None (insured depositors paid directly) | 215 |
24 | Waterfield Bank | Germantown | Maryland | March 5, 2010 | None (insured depositors paid from a new bank or directly) | 156 |
25 | Bank of Illinois | Normal | Illinois | March 5, 2010 | Heartland Bank and Trust Company | 212 |
26 | Sun American Bank | Boca Raton | Florida | March 5, 2010 | First-Citizens Bank and Trust Company | 536 |
27 | LibertyPointe Bank | New York | New York | March 12, 2010 | Valley National Bank | 210 |
28 | The Park Avenue Bank | New York | New York | March 12, 2010 | Valley National Bank | 520 |
29 | Statewide Bank | Covington | Louisiana | March 12, 2010 | Home Bank | 243 |
30 | Old Southern Bank | Orlando | Florida | March 12, 2010 | Centennial Bank | 316 |
31 | American National Bank | Parma | Ohio | March 19, 2010 | The National Bank and Trust Company | 70 |
32 | Advanta Bank Corp | Draper | Utah | March 19, 2010 | None (insured depositors paid directly) | 1,600 |
33 | Century Security Bank | Duluth | Georgia | March 19, 2010 | Bank of Upson | 97 |
34 | Bank of Hiawassee | Hiawassee | Georgia | March 19, 2010 | Citizens South Bank | 378 |
35 | Appalachian Community Bank | Ellijay | Georgia | March 19, 2010 | Community and Southern Bank | 1,010 |
36 | First Lowndes Bank | Luverne | Alabama | March 19, 2010 | First Citizens Bank | 137 |
37 | State Bank of Aurora | Aurora | Minnesota | March 19, 2010 | Northern State Bank | 28 |
38 | Desert Hills Bank | Phoenix | Arizona | March 26, 2010 | New York Community Bank | 497 |
39 | Unity National Bank | Cartersville | Georgia | March 26, 2010 | Bank of the Ozarks | 292 |
40 | Key West Bank | Key West | Florida | March 26, 2010 | Centennial Bank | 88 |
41 | McIntosh Commercial Bank | Carrollton | Georgia | March 26, 2010 | Hamilton State Bank | 363 |
42 | Beach First National Bank | Myrtle Beach | South Carolina | April 9, 2010 | Bank of North Carolina | 585 |
43 | City Bank | Lynnwood | Washington | April 16, 2010 | Whidbey Island Bank | 1,130 |
44 | Tamalpais Bank | San Rafael | California | April 16, 2010 | Union Bank, N.A. | 629 |
45 | Innovative Bank | Oakland | California | April 16, 2010 | Center Bank | 269 |
46 | Butler Bank | Lowell | Massachusetts | April 16, 2010 | People's United Bank | 268 |
47 | Riverside National Bank of Florida | Fort Pierce | Florida | April 16, 2010 | TD Bank, N.A. | 3,420 |
48 | AmericanFirst Bank | Clermont | Florida | April 16, 2010 | TD Bank, N.A. | 91 |
49 | First Federal Bank of North Florida | Palatka | Florida | April 16, 2010 | TD Bank, N.A. | 393 |
50 | Lakeside Community Bank | Sterling Heights | Michigan | April 16, 2010 | None (insured depositors paid directly) | 53 |
51 | Amcore Bank | Rockford | Illinois | April 23, 2010 | Harris, N.A. | 3,400 |
52 | Broadway Bank | Chicago | Illinois | April 23, 2010 | MB Financial, N.A. | 1,200 |
53 | Citizens Bank and Trust Company of Chicago | Chicago | Illinois | April 23, 2010 | Republic Bank of Chicago | 77 |
54 | Lincoln Park Saving Bank | Chicago | Illinois | April 23, 2010 | Northbrook Bank and Trust Company | 200 |
55 | New Century Bank | Chicago | Illinois | April 23, 2010 | MB Financial, N.A. | 486 |
56 | Peotone Bank and Trust Company | Peotone | Illinois | April 23, 2010 | First Midwest Bank | 130 |
57 | Wheatland Bank | Naperville | Illinois | April 23, 2010 | Wheaton Bank and Trust | 437 |
58 | BC National Banks | Butler | Missouri | April 30, 2010 | Community First Bank | 67 |
59 | CF Bancorp | Port Huron | Michigan | April 30, 2010 | First Michigan Bank | 1,650 |
60 | Champion Bank | Creve Coeur | Missouri | April 30, 2010 | BankLiberty | 187 |
61 | Eurobank | San Juan | Puerto Rico | April 30, 2010 | Orient Bank and Trust | 2,560 |
62 | Frontier Bank | Everett | Washington | April 30, 2010 | Union Bank[35] | 3,500 |
63 | R-G Premier Bank of Puerto Rico | Hato Rey | Puerto Rico | April 30, 2010 | Scotiabank de Puerto Rico | 5,920 |
64 | Westernbank Puerto Rico | Mayaguez | Puerto Rico | April 30, 2010 | Banco Popular de Puerto Rico | 11,940 |
65 | 1st Pacific Bank of California | San Diego | California | May 7, 2010 | City National Bank | 336 |
66 | Towne Bank of Arizona | Mesa | Arizona | May 7, 2010 | Commerce Bank of Arizona | 120 |
67 | Access Bank | Champlin | Minnesota | May 7, 2010 | PrinsBank | 32 |
68 | The Bank of Bonifay | Bonifay | Florida | May 7, 2010 | First Federal Bank of Florida | 243 |
69 | Midwest Bank and Trust Company | Elmwood Park | Illinois | May 14, 2010 | FirstMerit Bank, N.A. | 3,170 |
70 | New Liberty Bank | Plymouth | Michigan | May 14, 2010 | Bank of Ann Arbor | 109 |
71 | Satilla Community Bank | St. Marys | Georgia | May 14, 2010 | Ameris Bank | 136 |
72 | Southwest Community Bank | Springfield | Missouri | May 14, 2010 | Simmons First National Bank | 97 |
73 | Pinehurst Bank | St. Paul | Minnesota | May 21, 2010 | Coulee Bank | 61 |
74 | Bank of Florida-Southeast | Fort Lauderdale | Florida | May 28, 2010 | EverBank | 595 |
75 | Bank of Florida-Southwest | Naples | Florida | May 28, 2010 | EverBank | 641 |
76 | Bank of Florida-Tampa Bay | Tampa | Florida | May 28, 2010 | EverBank | 245 |
77 | Sun West Bank | Las Vegas | Nevada | May 28, 2010 | City National Bank | 361 |
78 | Granite Community Bank | Granite Bay | California | May 28, 2010 | Tri Counties Bank | 103 |
79 | TierOne Bank | Lincoln | Nebraska | June 4, 2010 | Great Western Bank | 2,800 |
80 | First National Bank | Rosedale | Mississippi | June 4, 2010 | The Jefferson Bank | 60 |
81 | Arcola Homestead Savings Bank | Arcola | Illinois | June 4, 2010 | None (insured depositors paid directly) | 17 |
82 | Washington First International Bank | Seattle | Washington | June 11, 2010 | East West Bank | 521 |
83 | Nevada Security Bank | Reno | Nevada | June 18, 2010 | Umpqua Bank | 480 |
84 | Peninsula Bank | Englewood | Florida | June 25, 2010 | Premier American Bank, N.A. | 644 |
85 | First National Bank | Savannah | Georgia | June 25, 2010 | The Savannah Bank | 253 |
86 | High Desert State Bank | Albuquerque | New Mexico | June 25, 2010 | First American Bank | 81 |
87 | Bay National Bank | Baltimore | Maryland | July 9, 2010 | Bay Bank, FSB | 282 |
88 | Ideal Federal Savings Bank | Baltimore | Maryland | July 9, 2010 | None (insured depositors paid directly) | 6 |
89 | USA Bank | Port Chester | New York | July 9, 2010 | New Century Bank | 190 |
90 | Home National Bank | Blackwell | Oklahoma | July 9, 2010 | RCB Bank | 561 |
91 | Woodlands Bank | Bluffton | South Carolina | July 16, 2010 | Bank of the Ozarks | 376 |
92 | First National Bank of the South | Spartanburg | South Carolina | July 16, 2010 | NAFH National Bank | 682 |
93 | Mainstreet Savings Bank | Hastings | Michigan | July 16, 2010 | Commercial Bank | 97 |
94 | Metro Bank of Dade County | Miami | Florida | July 16, 2010 | NAFH National Bank | 442 |
95 | Turnberry Bank | Aventura | Florida | July 16, 2010 | NAFH National Bank | 264 |
96 | Olde Cypress Community Bank | Clewiston | Florida | July 16, 2010 | CenterState Bank of Florida | 169 |
97 | Community Security Bank | New Prague | Minnesota | July 23, 2010 | Roundbank | 108 |
98 | Crescent Bank and Trust Co | Jasper | Georgia | July 23, 2010 | Renasant Bank | 1,000 |
99 | Sterling Bank | Lantana | Florida | July 23, 2010 | IBERIABANK | 408 |
100 | Williamsburg First National Bank | Kingstree | South Carolina | July 23, 2010 | First Citizens Bank and Trust Company | 139 |
101 | Thunder Bank | Sylvan Grove | Kansas | July 23, 2010 | The Bennington State Bank | 33 |
102 | SouthwestUSA Bank | Las Vegas | Nevada | July 23, 2010 | Plaza Bank | 214 |
103 | Home Valley Bank | Cave Junction | Oregon | July 23, 2010 | South Valley Bank and Trust | 252 |
104 | Bayside Savings Bank | Port Saint Joe | Florida | July 30, 2010 | Centennial Bank | 66 |
105 | Coastal Community Bank | Panama City | Florida | July 30, 2010 | Centennial Bank | 373 |
106 | NorthWest Bank and Trust | Acworth | Georgia | July 30, 2010 | State Bank and Trust Company | 168 |
107 | The Cowlitz Bank | Longview | Washington | July 30, 2010 | Heritage Bank | 529 |
108 | LibertyBank | Eugene | Oregon | July 30, 2010 | Home Federal Bank | 768 |
109 | Ravenswood Bank | Chicago | Illinois | August 6, 2010 | Northbrook Bank and Trust Company | 265 |
110 | Palos Bank and Trust | Palos Heights | Illinois | August 13, 2010 | First Midwest Bank | 493 |
111 | ShoreBank | Chicago | Illinois | August 20, 2010 | Urban Partnership Bank | 2,160 |
112 | Community National Bank at Bartow | Bartow | Florida | August 20, 2010 | CenterState Bank of Florida | 68 |
113 | Independent National Bank | Ocala | Florida | August 20, 2010 | CenterState Bank of Florida | 156 |
114 | Imperial Savings & Loan | Martinsville | Virginia | August 20, 2010 | River Community Bank, N.A. | 9 |
115 | Butte Community Bank | Chico | California | August 20, 2010 | Rabobank, N.A. | 499 |
116 | Pacific State Bank | Stockton | California | August 20, 2010 | Rabobank, N.A. | 312 |
117 | Los Padres Bank | Solvang | California | August 20, 2010 | Pacific Western Bank | 870 |
118 | Sonoma Valley Bank | Sonoma | California | August 20, 2010 | Westamerica Bank | 337 |
119 | Horizon Bank | Bradenton | Florida | September 10, 2010 | Bank of the Ozarks | 188 |
120 | Bank of Ellijay | Ellijay | Georgia | September 17, 2010 | Community and Southern Bank | 169 |
121 | First Commerce Community Bank | Douglasville | Georgia | September 17, 2010 | Community and Southern Bank | 248 |
122 | Peoples Bank | Winder | Georgia | September 17, 2010 | Community and Southern Bank | 447 |
123 | ISN Bank | Cherry Hill | New Jersey | September 17, 2010 | Customers Bank | 82 |
124 | Bramble Savings Bank | Milford | Ohio | September 17, 2010 | Foundation Bank | 48 |
125 | Maritime Savings Bank | West Allis | Wisconsin | September 17, 2010 | North Shore Bank, FSB | 351 |
126 | Haven Trust Bank Florida | Ponte Vedra Beach | Florida | September 24, 2010 | First Southern Bank | 149 |
127 | North County Bank | Arlington | Washington | September 24, 2010 | Whidbey Island Bank | 289 |
128 | Wakulla Bank | Crawfordville | Florida | October 1, 2010 | Centennial Bank | 424 |
129 | Shoreline Bank | Shoreline | Washington | October 1, 2010 | GBC International Bank | 104 |
130 | Security Savings Bank, FSB | Olathe | Kansas | October 15, 2010 | Simmons First National Bank | 508 |
131 | WestBridge Bank and Trust Company | Chesterfield | Missouri | October 15, 2010 | Midland State Bank | 92 |
132 | Premier Bank | Jefferson City | Missouri | October 15, 2010 | Providence Bank | 1,200 |
133 | Hillcrest Bank | Overland Park | Kansas | October 22, 2010 | Hillcrest Bank, N.A. | 1,600 |
134 | First Bank of Jacksonville | Jacksonville | Florida | October 22, 2010 | Ameris Bank | 81 |
135 | Progress Bank of Florida | Tampa | Florida | October 22, 2010 | Bay Cities Bank | 111 |
136 | First National Bank of Barnesville | Barnesville | Georgia | October 22, 2010 | United Bank | 131 |
137 | Gordon Bank | Gordon | Georgia | October 22, 2010 | Morris Bank | 29 |
138 | First Suburban National Bank | Maywood | Illinois | October 22, 2010 | Seaway Bank and Trust Company | 149 |
139 | First Arizona Savings | Scottsdale | Arizona | October 22, 2010 | None (insured depositors paid directly) | 272 |
140 | K Bank | Randallstown | Maryland | November 5, 2010 | Manufacturers and Traders Trust Company | 538 |
141 | Western Commercial Bank | Woodland Hills | California | November 5, 2010 | First California Bank | 99 |
142 | First Vietnamese American Bank | Westminster | California | November 5, 2010 | Grandpoint Bank | 48 |
143 | Pierce Commercial Bank | Tacoma | Washington | November 5, 2010 | Heritage Bank | 221 |
144 | Tifton Banking Company | Tifton | Georgia | November 12, 2010 | Ameris Bank | 144 |
145 | Darby Bank & Trust | Vidalia | Georgia | November 12, 2010 | Ameris Bank | 655 |
146 | Copper Star Bank | Scottsdale | Arizona | November 12, 2010 | Stearns Bank, N.A. | 204 |
147 | Gulf State Community Bank | Carrabelle | Florida | November 19, 2010 | Centennial Bank | 112 |
148 | Allegiance Bank of North America | Bala Cynwyd | Pennsylvania | November 19, 2010 | VIST Bank | 106 |
149 | First Banking Center | Burlington | Wisconsin | November 19, 2010 | First Michigan Bank | 821 |
150 | Paramount Bank | Farmington Hills | Michigan | December 10, 2010 | Level One Bank | 253 |
151 | Earthstar Bank | Southampton | Pennsylvania | December 10, 2010 | Polonia Bank | 113 |
152 | Chestatee State Bank | Dawsonville | Georgia | December 17, 2010 | Bank of the Ozarks | 244 |
153 | First Southern Bank | Batesville | Arkansas | December 17, 2010 | Southern Bank | 156 |
154 | Community National Bank | Lino Lakes | Minnesota | December 17, 2010 | Farmers & Merchants Savings Bank | 29 |
155 | United Americas Bank | Atlanta | Georgia | December 17, 2010 | State Bank and Trust Company | 194 |
156 | Appalachian Community Bank | McCaysville | Georgia | December 17, 2010 | Peoples Bank of East Tennessee | 68 |
157 | The Bank of Miami, N.A. | Coral Gables | Florida | December 17, 2010 | 1st United Bank | 448 |
Credit unions
The National Credit Union Administration (NCUA) does not have a table of failed credit unions prior to 2009. A list of credit unions which failed since 2009 can be found at https://ncua.gov/support-services/conservatorships-liquidations . For failed credit unions prior to 2009 please refer to press releases regarding failed credit unions at https://ncua.gov/news/press-releases.
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | Ref. |
---|---|---|---|---|
April 27, 2007 | Sharebuilders Federal Credit Union, Northridge, California | closed and liquidated by NCUA | credit union | [36] |
November 2, 2007 | Green Tree Credit Union, Feasterville, Pennsylvania | closed and liquidated by NCUA; a portion of the assets were transferred to Freedom Credit Union, Warminster, Pennsylvania | credit union | [37] |
November 28, 2007 | Huron River Credit Union, Ann Arbor, Michigan | Detroit Edison Credit Union, Detroit, Michigan | credit union | [38] |
January 24, 2008 | Norlarco Federal Credit Union, Ft. Collins, Colorado | Public Service Credit Union, Denver, Colorado | credit union | [39] |
May 3, 2008 | St. Luke Baptist Federal Credit Union, Laurelton, New York | closed and liquidated by NCUA | credit union | [40] |
May 12, 2008 | Father Burke Federal Credit Union, Bronx, New York | closed and liquidated by NCUA | credit union | [41] |
July 1, 2008 | Cal State 9 Credit Union, Concord, California | closed and liquidated by NCUA; most assets assumed by Patelco Credit Union, San Francisco, California | credit union | [42] |
July 1, 2008 | Sterlent Credit Union, Pleasanton, California | closed and liquidated by NCUA; most assets assumed by Patelco Credit Union, San Francisco, California | credit union | [42] |
July 16, 2008 | Meridan F.A. Federal Credit Union, Meriden, Connecticut | closed and liquidated by NCUA | credit union | [43] |
July 28, 2008 | New London Security Federal Credit Union, New London, Connecticut | closed and liquidated by NCUA | credit union | [44] |
August 8, 2008 | Port Trust Federal Credit Union, Charleston, South Carolina | CPM Federal Credit Union, North Charleston, South Carolina | credit union | [45] |
September 17, 2008 | Interfaith Federal Credit Union, East Orange, New Jersey | closed and liquidated by NCUA | credit union | [46] |
September 29, 2008 | Kaiperm Federal Credit Union, Oakland, California | Alliant Credit Union, Chicago, Illinois | credit union | [47] |
October 3, 2008 | TEXDOT-WF Credit Union, Wichita Falls, Texas | Postal Family Credit Union, Wichita Falls, Texas | credit union | [48] |
October 6, 2008 | N&W Poca Division Federal Credit Union, Bluefield, West Virginia | closed and liquidated by NCUA | credit union | [49] |
December 5, 2008 | West Hartford Credit Union, Farmington, Connecticut | closed and liquidated by NCUA | credit union | [50] |
January 2, 2009 | Valley Credit Union, San Jose, California | closed and placed into receivership by NCUA; assets assumed by Citizens Equity First Credit Union (CEFCU), Peoria, Illinois | credit union | [51] |
February 13, 2009 | Center Valley Credit Union, Wheeling, West Virginia | closed and liquidated by NCUA | credit union | [52] |
March 20, 2009 | U.S. Central Credit Union, Lenexa, Kansas | Placed into conservatorship under the NCUA. This corporate credit union will continue to run under NCUA management. | Corporate credit union | [53] |
March 20, 2009 | Western Corporate (WesCorp) Federal Credit Union, San Dimas, California | Placed into conservatorship under the NCUA. This corporate credit union will continue to run under NCUA management. | Corporate credit union | [53] |
April 24, 2009 | Eastern Financial Florida Credit Union, Miramar, Florida | Placed into conservatorship under the NCUA. Officials from Space Coast Credit Union of Melbourne, Florida will temporarily manage day-to-day operations. | credit union | [54] |
July 6, 2009 | Watts United Credit Union, Los Angeles, California | closed and liquidated by NCUA | credit union | [55] |
August 12, 2009 | Community One Federal Credit Union, Clark County, Nevada | closed by NCUA; assets assumed by America First Federal Credit Union P&A, Riverside, Utah | credit union | [56] |
August 28, 2009 | Free Choice Federal Credit Union, Feasterville, Pennsylvania | closed by NCUA; assets assumed by Trumark Financial Credit Union, Trevose, Pennsylvania | credit union | [57] |
September 22, 2009 | Comunidades Federal Union, Los Angeles, California | closed by NCUA; assets assumed by Water and Power Community Credit Union, Los Angeles, California | credit union | [58] |
September 24, 2009 | Keys Federal Credit Union Key West, Florida | placed into conservatorship by NCUA | credit union | [59] |
September 25, 2009 | Clearstar Financial Credit Union (Reno, Nevada) | closed and liquidated by NCUA | credit union | |
September 30, 2009 | The Members' Own Federal Credit Union (Victorville, California) | closed and liquidated by NCUA | credit union | |
September 30, 2009 | West Texas Credit Union (El Paso, Texas) | closed and liquidated by NCUA | credit union | |
October 23, 2009 | First Delta Federal Credit Union (Marks, Mississippi) | placed into conservatorship by NCUA | credit union | |
October 28, 2009 | Second Baptist Church Credit Union (Los Angeles, California) | closed and liquidated by NCUA | credit union | |
November 13, 2009 | Ensign Federal Credit Union (Henderson, Nevada) | closed and liquidated by NCUA | credit union | |
November 30, 2009 | Fairfield County Ohio Federal Employees Federal Credit Union (Lancaster, Ohio) | closed and liquidated by NCUA | credit union | |
December 17, 2009 | First Service Credit Union (Milwaukee, Wisconsin) | Merger With NCUA Assistance | credit union | |
December 31, 2009 | GCM Federal Credit Union (St. Paul, Minnesota) | Merger With NCUA Assistance | credit union | |
December 31, 2009 | HeritageWest Federal Credit Union (Tooele, Utah) | closed and liquidated by NCUA | credit union | |
December 31, 2009 | Allied Tube Employees Federal Credit Union (Harvey, Illinois) | closed and liquidated by NCUA | credit union |
See also
- List of bank failures in the United States (2008–present)
- List of banks acquired or bankrupted during the Great Recession
- National City acquisition by PNC
- 2023 United States banking crisis
General:
References
- ^ a b "Failed Bank List". Federal Deposit Insurance Corporation. Archived from the original on November 15, 2013. Retrieved November 15, 2013.
- ^ "Committee for a Responsible Federal Budget: Stimulus Watch". February 9, 2009.
- ^ "FDIC Approves the Assumption of the Insured Deposits of Metropolitan Savings Bank, Pittsburgh, Pennsylvania" (Press release). FDIC. February 2, 2007.
- ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. September 28, 2007.
- ^ "ING wins from online bank failure". BBC News. September 30, 2008.
- ^ "Bank Closing Information for Miami Valley Bank, Lakeview, Ohio". FDIC. October 4, 2007.
- ^ "Miami Valley becomes year's 3rd failed bank - FDIC". Reuters. October 4, 2008.
- ^ "FDIC Approves the Assumption of all the Deposits of Douglass National Bank, Kansas Cityg, Missouri" (Press release). FDIC. January 25, 2008.
- ^ "FDIC Approves the Assumption of the Insured Deposits of Hume Bank, Hume, Missouri" (Press release). FDIC. March 7, 2008.
- ^ "FDIC Approves the Assumption of the Insured Deposits of ANB Financial, National Association, Bentonville, Arkansas" (Press release). FDIC. May 9, 2008.
- ^ "FDIC Approves the Assumption of All the Deposits of First Integrity Bank, National Association, Staples, Minnesota" (Press release). FDIC. May 30, 2008.
- ^ "FDIC Establishes IndyMac Federal Bank, FSB as Successor to IndyMac Bank, F.S.B., Pasadena, California". FDIC. July 11, 2008.
- ^ "Mutual of Omaha Bank Acquires All Deposits of First National Bank of Nevada and First Heritage Bank, N.A." (Press release). FDIC. July 25, 2008.
- ^ "SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida" (Press release). FDIC. August 1, 2008.
- ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. August 22, 2008.
- ^ "Failed Bank Information: Integrity Bank, Alpharetta, GA Closing Information". FDIC. August 29, 2008.
- ^ "Failed Bank Information: Silver State Bank, Henderson, NV Closing Information". FDIC. September 5, 2008.
- ^ "Pioneer Community Bank, Inc., and the Citizens Savings Bank Acquire All Deposits of Ameribank, Inc., Northfork, West Virginia" (Press release). FDIC. September 19, 2008.
- ^ "JPMorgan Chase Acquires Banking Operations of Washington Mutual" (Press release). FDIC. September 19, 2008.
- ^ "Monroe Bank & Trust Acquires All the Deposits of Main Street Bank, Northville, Michigan" (Press release). FDIC. October 10, 2008. Retrieved October 10, 2008.
- ^ "National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois" (Press release). FDIC. October 10, 2008. Retrieved October 10, 2008.
- ^ Boselovic, Len (October 24, 2008). "PNC acquiring National City". Pittsburgh Post-Gazette. Archived from the original on October 26, 2008.
- ^ "PNC Financial Services To Buy National City". KDKA-TV. October 24, 2008. Archived from the original on October 25, 2008.
- ^ "Stearns Bank, National Association Acquires the Insured Deposits of Alpha Bank & Trust, Alpharetta, GA" (Press release). FDIC. October 24, 2008. Retrieved October 24, 2008.
- ^ "Fifth Third Bank Acquires All the Deposits of Freedom Bank, Bradenton, Florida" (Press release). FDIC. October 31, 2008. Retrieved October 31, 2008.
- ^ "Prosperity Bank Acquires All the Deposits of Franklin Bank, S.S.B., Houston, Texas" (Press release). FDIC. November 7, 2008. Retrieved November 7, 2008.
- ^ "Pacific Western Bank Acquires All the Deposits of Security Pacific Bank, Los Angeles, California" (Press release). FDIC. November 7, 2008. Retrieved November 7, 2008.
- ^ "Bank of Essex, Tappahannock, Virginia Acquires All the Deposits of The Community Bank, Loganville, GA" (Press release). FDIC. November 21, 2008. Retrieved November 22, 2008.
- ^ a b "U.S. Bank Acquires All the Deposits of Two Southern California Institutions: Downey Savings & Loan Association, Newport Beach and PFF Bank & Trust, Pomona" (Press release). FDIC. November 21, 2008. Retrieved November 22, 2008.
- ^ "United Bank Acquires All the Deposits of First Georgia Community Bank, Jackson, Georgia" (Press release). FDIC. December 5, 2008.
- ^ "BB&T Company Acquires All the Deposits of Haven Trust Bank, Duluth, Georgia" (Press release). FDIC. December 12, 2008.
- ^ "The Pecos County Bank Acquires All the Deposits of Sanderson State Bank, Sanderson, Texas" (Press release). FDIC. December 12, 2008.
- ^ Dash, Eric (October 3, 2008). "Wells Fargo to pay $15.1 billion for Wachovia". The New York Times.
- ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bp bq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cj ck cl cm cn co cp cq cr cs ct cu cv cw cx cy cz da db dc dd de df dg dh di dj dk dl dm dn do dp dq dr ds dt du dv dw dx dy dz ea eb ec ed ee ef eg eh ei ej ek el "Bank Failures in Brief-2009". FDIC. January 11, 2013.
- ^ "Former Mastro property in Redmond sells for $3.5 million - Puget Sound Business Journal". Bizjournals.com. May 3, 2013. Retrieved January 19, 2014.
- ^ "Sharebuilders Federal Credit Union Closes" (Press release). NCUA. May 9, 2008. Retrieved October 12, 2008.
- ^ "NCUA Closes Green Tree Federal Credit Union" (Press release). NCUA. November 2, 2008. Retrieved October 12, 2008.
- ^ "Huron River Credit Union Liquidated; Members Now Served by Detroit Edison Credit Union" (Press release). NCUA. November 28, 2008. Retrieved October 12, 2008.
- ^ "NCUA Selects Public Service Credit Union to Absorb Norlarco" (Press release). NCUA. January 24, 2008. Retrieved October 12, 2008.
- ^ "St. Luke Baptist Federal Credit Union Closes" (Press release). NCUA. May 5, 2008. Retrieved October 12, 2008.
- ^ "Father Burke Federal Credit Union Closes" (Press release). NCUA. May 12, 2008. Retrieved October 12, 2008.
- ^ a b "NCUA Liquidates Sterlent and Cal State 9 Credit Unions; Patelco Credit Union Purchases and Assumes Credit Union Assets" (Press release). NCUA. July 1, 2008. Retrieved October 12, 2008.
- ^ "Meriden F.A. Federal Credit Union Closes" (Press release). NCUA. July 16, 2008. Retrieved October 12, 2008.
- ^ "New London Security FCU Closes" (Press release). NCUA. July 28, 2008. Retrieved October 12, 2008.
- ^ "CPM Federal Credit Union Now Serves Members of Liquidated Port Trust FCU" (Press release). NCUA. September 8, 2008. Retrieved October 12, 2008.
- ^ "Interfaith Federal Credit Union Closes" (Press release). NCUA. September 17, 2008. Retrieved October 12, 2008.
- ^ "Kaiperm Federal Credit Union Liquidated; Members Now Served by Alliant Credit Union" (Press release). NCUA. September 29, 2008. Retrieved October 12, 2008.
- ^ "TEXDOT-WF Credit Union Closes; Members Now Served by Postel Family Credit Union" (Press release). NCUA. October 3, 2008. Retrieved October 12, 2008.
- ^ "N&W Poca Division Federal Credit Union Closes" (Press release). NCUA. October 6, 2008. Retrieved October 12, 2008.
- ^ "West Hardford Credit Union Closes" (Press release). NCUA. October 6, 2008. Retrieved December 9, 2008.
- ^ "Valley Credit Union Closes" (Press release). NCUA. January 2, 2009. Retrieved January 13, 2009.
- ^ "Center Valley Credit Union Closes" (Press release). NCUA. February 16, 2009. Retrieved February 13, 2009.
- ^ a b "NCUA Conserves U.S. Central and Western Corporate Credit Unions" (Press release). NCUA. March 20, 2009. Archived from the original on March 22, 2009. Retrieved March 20, 2009.
- ^ "Eastern Financial Florida Credit Union placed into conservatorship" (Press release). NCUA. April 24, 2009. Retrieved May 31, 2009.
- ^ "Watts United Credit Union Closes" (Press release). NCUA. July 6, 2009. Retrieved July 24, 2009.
- ^ "One Federal Credit Union Closes" (Press release). NCUA. August 12, 2009. Archived from the original on August 15, 2009. Retrieved August 14, 2009.
- ^ "Free Choice Federal Credit Union Liquidated" (Press release). NCUA. August 28, 2009. Archived from the original on September 1, 2009. Retrieved September 26, 2009.
- ^ "Comunidades FCU Close" (Press release). NCUA. September 22, 2009. Archived from the original on September 1, 2009. Retrieved September 26, 2009.
- ^ "Keys Federal Credit Union Placed into Conservatorship" (Press release). NCUA. September 24, 2009. Archived from the original on September 1, 2009. Retrieved September 26, 2009.
- v
- t
- e
- Economic Stimulus Act of 2008
- Housing and Economic Recovery Act of 2008
- Emergency Economic Stabilization Act of 2008
- Dodd–Frank Wall Street Reform and Consumer Protection Act
- Acquired or bankrupt banks in the late 2000s financial crisis
- Capital Assistance Program
- Capital Purchase Program
- Federal Reserve responses
- Federal takeover of Fannie Mae and Freddie Mac
- Government intervention
- Homeowners Affordability and Stability Plan
- Hope Now Alliance
- Loan modification
- Public–Private Investment Program for Legacy Assets
- Regulatory responses
- Primary Dealer Credit Facility
- 2009 Supervisory Capital Assessment Program
- Tea Party protests
- Term Asset-Backed Securities Loan Facility
- Troubled Asset Relief Program
- Wall Street reform