List of banks acquired or bankrupted in the United States during the 2007–12 global financial crisis

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This is a list of banks in the United States affected by the 2007–2012 global 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.

Banks bankrupt, filed for bankruptcy protection, or closed and received by the FDIC[edit]

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 presumed 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 has filed for Chapter 11 bankruptcy protection.

As a result of the current 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.[1]

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[edit]

Date Company Deposits and/or branches taken by Type of company bankrupt or closed References
February 2, 2007 Metropolitan Savings Bank, Pittsburgh, Pennsylvania Allegheny Valley Bank, Pittsburgh, Pennsylvania [2]
September 28, 2007 NetBank, Alpharetta, Georgia ING Direct, Wilmington, Delaware Retail and mortgage bank [3][4]
October 4, 2007 Miami Valley Bank, Lakeview, Ohio Citizens Banking Corp, Sandusky, Ohio [5][6] 3 total in 2007

2008[edit]

Date Company Deposits and/or branches taken by Type of company bankrupt or closed References
January 25, 2008 Douglass National Bank, Kansas City, Missouri Liberty Bank and Trust Company, New Orleans, Louisiana [7]
March 7, 2008 Hume Bank, Hume, Missouri Security Bank, Rich Hill, Missouri [8]
May 9, 2008 ANB Financial, Bentonville, Arkansas Pulaski Bank and Trust Company, Little Rock, Arkansas [9]
May 30, 2008 First Integrity Bank, Staples, Minnesota First International Bank and Trust, Watford City, North Dakota [10]
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 [11]
July 25, 2008 First National Bank of Nevada, Reno, Nevada; First Heritage Bank, Newport Beach, California Mutual of Omaha, Omaha, Nebraska [12]
August 1, 2008 First Priority Bank, Bradenton, Florida SunTrust Bank, Atlanta, Georgia [13]
August 22, 2008 The Columbian Bank and Trust Company, Topeka, Kansas Citizens Bank & Trust, Chillicothe, Missouri [14]
August 29, 2008 Integrity Bank, Alpharetta, Georgia Regions Bank, Birmingham, Alabama [15]
September 5, 2008 Silver State Bank, Henderson, Nevada Nevada State Bank, Las Vegas, Nevada [16]
September 15, 2008 Lehman Brothers, New York City, New York (filed for Chapter 11 bankruptcy protection) Investment bank [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 Alpha Bank & Trust, Alpharetta, Georgia Stearns Bank, National Association, St. Cloud, Minnesota [22]
October 31, 2008 Freedom Bank, Bradenton, Florida Fifth Third Bank, Cincinnati, Ohio Commercial bank [23]
November 7, 2008 Franklin Bank, S.S.B, Houston, Texas Prosperity Bank, El Campo, Texas Savings and loan association [24]
November 7, 2008 Security Pacific Bank, Los Angeles, California Pacific Western Bank, Los Angeles, California Commercial bank [25]
November 21, 2008 The Community Bank, Loganville, Georgia Bank of Essex, Tappahannock, Virginia Commercial bank [26]
November 21, 2008 Downey Savings and Loan, Newport Beach, California U.S. Bank, Minneapolis, Minnesota Savings and loan association [27]
November 21, 2008 PFF Bank and Trust, Pomona, California U.S. Bank, Minneapolis, Minnesota Savings and loan association [27]
December 5, 2008 First Georgia Community Bank, Jackson, Georgia United Bank, Zebulon, Georgia Commercial Bank [28]
December 12, 2008 Haven Trust Bank, Duluth, Georgia BB&T Company, Winston-Salem, North Carolina Commercial Bank [29]
December 12, 2008 Sanderson State Bank, Sanderson, Texas The Pecos County State Bank, Fort Stockton, Texas Commercial Bank [30]
December 31, 2008 Wachovia Bank, Charlotte, North Carolina Wells Fargo Bank, San Francisco, California Commercial Bank [31] 26 total in 2008

2009[edit]

Date Company Deposits and/or branches taken by Type of company bankrupt or closed References
January 16, 2009 National Bank of Commerce, Berkeley, Illinois Republic Bank of Chicago, Oak Brook, Illinois Commercial Bank [32]
January 16, 2009 Bank of Clark County, Vancouver, Washington Umpqua Bank, Roseburg, Oregon Commercial Bank [32]
January 23, 2009 1st Centennial Bank, Redlands, California First California Bank, Westlake Village, California Commercial Bank [32]
January 30, 2009 MagnetBank, Salt Lake City, Utah closed; FDIC payout of insured desposits Commercial Bank [32]
January 30, 2009 Suburban Federal Savings Bank, Crofton, Maryland Bank of Essex, Tappahannock, Virginia Savings and loan association [32]
January 30, 2009 Ocala National Bank, Ocala, Florida CenterState Bank of Florida, Winter Haven, Florida Commercial Bank [32]
February 6, 2009 FirstBank Financial Services, McDonough, Georgia Regions Bank, Birmingham, Alabama [32]
February 6, 2009 Alliance Bank, Culver City, California California Bank & Trust, San Diego, California Commercial Bank [32]
February 6, 2009 County Bank, Merced, California Westamerica Bank, San Rafael, California Commercial Bank [32]
February 13, 2009 Sherman County Bank, Loup City, Nebraska Heritage Bank, Wood River, Nebraska Commercial Bank [32]
February 13, 2009 Riverside Bank of the Gulf Coast, Cape Coral, Florida TIB Bank, Naples, Florida Commercial Bank [32]
February 13, 2009 Corn Belt Bank and Trust Company, Pittsfield, Illinois The Carlinville National Bank, Carlinville, Illinois Commercial Bank [32]
February 13, 2009 Pinnacle Bank, Beaverton, Oregon Washington Trust Bank, Spokane, Washington Commercial Bank [32]
February 20, 2009 Silver Falls Bank, Silverton, Oregon Citizens Bank, Corvallis, Oregon Commercial Bank [32]
February 27, 2009 Heritage Community Bank, Glenwood, Illinois MB Financial Bank, N.A., Chicago Illinois Commercial Bank [32]
February 27, 2009 Security Savings Bank, Henderson, Nevada Bank of Nevada, Las Vegas, Nevada Commercial Bank [32]
March 6, 2009 Freedom Bank of Georgia, Commerce, Georgia Northeast Georgia Bank, Lavonia, Georgia Commercial Bank [32]
March 20, 2009 FirstCity Bank, Stockbridge, Georgia closed; FDIC payout of insured deposits Commercial Bank [32]
March 20, 2009 Colorado National Bank, Colorado Springs, Colorado Herring Bank, Amarillo, Texas Commercial Bank [32]
March 20, 2009 TeamBank, Paola, Kansas Great Southern Bank, Springfield, Missouri Commercial Bank [32]
March 27, 2009 Omni National Bank, Atlanta, Georgia SunTrust Bank, Atlanta, Georgia Commercial bank [32]
April 10, 2009 Cape Fear Bank, Wilmington, North Carolina First Federal Savings and Loan Association of Charleston, Charleston, South Carolina Savings and loan association [32]
April 10, 2009 New Frontier Bank, Greeley, Colorado Deposit Insurance National Bank of Greeley (interim bank created by FDIC), Greeley, Colordado Commercial bank [32]
April 17, 2009 American Sterling Bank, Sugar Creek, Missouri Metcalf Bank, Lee's Summit, Missouri Commercial bank [32]
April 17, 2009 Great Basin Bank of Nevada, Elko, Nevada Nevada State Bank, Las Vegas, Nevada Commercial bank [32]
April 24, 2009 American Southern Bank, Kennesaw, Georgia Bank of North Georgia, Alpharetta, Georgia Commercial bank [32]
April 24, 2009 Michigan Heritage Bank, Farmington Hills, Michigan Level One Bank, Farmington Hills, Michigan Commercial bank [32]
April 24, 2009 First Bank of Beverly Hills, Calabasas, California closed; FDIC payout of insured desposits Commercial bank [32]
April 24, 2009 First Bank of Idaho, FSB, Ketchum, Idaho U.S. Bank, Minneapolis, Minnesota Savings and loan association [32]
May 1, 2009 Silverton Bank, NA, Atlanta, Georgia Silverton Bridge Bank, NA, Atlanta, Georgia Correspondent bank [32]
May 1, 2009 Citizens Community Bank, Ridgewood, New Jersey North Jersey Community Bank, Englewood Cliffs, New Jersey Commercial bank [32]
May 1, 2009 America West Bank, Layton, Utah Cache Valley Bank, Logan, Utah Commercial bank [32]
May 8, 2009 Westsound Bank, Bremerton, Washington Kitsap Bank, Port Orchard, Washington Commercial bank [32]
May 21, 2009 BankUnited, FSB, Coral Gables, Florida BankUnited, Coral Gables, Florida Savings and loan association [32]
May 22, 2009 Strategic Capital Bank, Champaign, Illinois Midland States Bank, Effingham, IL Commercial bank [32]
May 22, 2009 Citizens National Bank, Macomb, Illinois Morton Community Bank, Morton, Illinois Commercial bank [32]
June 5, 2009 Bank of Lincolnwood, Lincolnwood, Illinois Republic Bank of Chicago, Oak Brook, Illinois Commercial bank [32]
June 19, 2009 Southern Community Bank, Fayetteville, Georgia United Community Bank, Blairsville, Georgia Commercial bank [32]
June 19, 2009 Cooperative Bank, Wilmington, North Carolina First Bank, Troy, North Carolina Commercial bank [32]
June 19, 2009 First National Bank of Anthory, Anthony, Kansas Bank of Kansas, South Hutchinson, Kansas Commercial bank [32]
June 26, 2009 Community Bank of West Georgia, Villa Rica, Georgia closed; FDIC payout of insured deposits Commercial bank [32]
June 26, 2009 Neighborhood Community Bank, Newnan, Georgia Charter Bank, West Point, Georgia Commercial bank [32]
June 26, 2009 Horizon Bank, Pine City, Minnesota Stearns Bank, N.A., St. Cloud, Minnesota Commercial bank [32]
June 26, 2009 Metro Pacific Bank, Irvine, California Sunwest Bank, Tustin, California Commercial bank [32]
June 26, 2009 Mirae Bank, Los Angeles, California Wilshire State Bank, Los Angeles, California Commercial bank [32]
July 2, 2009 John Warner Bank, Clinton, Illinois State Bank of Lincoln, Lincoln, Illinois Commercial bank [32]
July 2, 2009 First State Bank of Winchester, Winchester, Illinois First Bank of Beardstown, Beardstown, Illinois Commercial bank [32]
July 2, 2009 Rock River Bank, Oregon, Illinois The Harvard State Bank, Harvard, Illinois Commercial bank [32]
July 2, 2009 Elizabeth State Bank, Elizabeth, Illinois Galena State Bank and Trust Company, Galena, Illinois Commercial bank [32]
July 2, 2009 First National Bank of Danville, Danville, Illinois First National Bank, NA, Terre Haute, Indiana Commercial bank [32]
July 2, 2009 Millennium State Bank of Texas, Dallas, Texas State Bank of Texas, Irving, Texas Commercial bank [32]
July 2, 2009 Founders Bank, Worth, Illinois The Private Bank and Trust Company, Chicago, Illinois Commercial bank [32]
July 10, 2009 Bank of Wyoming, Thermopolis, Wyoming Central Bank & Trust, Lander, Wyoming Commercial bank [32]
July 17, 2009 First Piedmont Bank, Winder, Georgia First American Bank and Trust Company, Athens, Georgia Commercial bank [32]
July 17, 2009 Bank First, Sioux Falls, South Dakota Alerus Financial N.A., Grand Forks, North Dakota Commercial bank [32]
July 17, 2009 Vineyard Bank, Rancho Cucamonga, California California Bank & Trust, San Diego, California Commercial bank [32]
July 17, 2009 Temecula Valley Bank, Temecula, California First-Citizens Bank and Trust Company, Raleigh, North Carolina Commercial bank [32]
July 24, 2009 Waterford Village Bank, Williamsville, New York Evans Bank, N.A., Angola, New York Commercial bank [32]
July 24, 2009 Security Bank of Gwinnett County, Suwanee, Georgia State Bank and Trust Company, Pinehurst, Georgia Commercial bank [32]
July 24, 2009 Security Bank of North Fulton, Alpharetta, Georgia State Bank and Trust Company, Pinehurst, Georgia Commercial bank [32]
July 24, 2009 Security Bank of North Metro, Woodstock, Georgia State Bank and Trust Company, Pinehurst, Georgia Commercial bank [32]
July 24, 2009 Security Bank of Bibb County, Macon, Georgia State Bank and Trust Company, Pinehurst, Georgia Commercial bank [32]
July 24, 2009 Security Bank of Houston County, Perry, Georgia State Bank and Trust Company, Pinehurst, Georgia Commercial bank [32]
July 24, 2009 Security Bank of Jones County, Gray, Georgia State Bank and Trust Company, Pinehurst, Georgia Commercial bank [32]
July 31, 2009 First State Bank of Altus, Altus, Oklahoma Herring Bank, Amarillo, Texas Commercial bank [32]
July 31, 2009 Integrity Bank, Jupiter, Florida Stonegate Bank, Fort Lauderdale, Florida Commercial bank [32]
July 31, 2009 Peoples Community Bank, West Chester, Ohio First Financial Bank, Hamilton, Ohio Commercial bank [32]
July 31, 2009 First BankAmericano, Elizabeth, New Jersey Crown Bank, Brick, New Jersey Commercial bank [32]
July 31, 2009 Mutual Bank, Harvey, Illinois United Central Bank, Garland, Texas Commercial bank [32]
August 7, 2009 First State Bank, Sarasota, Florida Stearns Bank N.A, St. Cloud, Minnesota Commercial bank [32]
August 7, 2009 Community National Bank of Sarasota County, Venice, Florida Stearns Bank N.A, St. Cloud, Minnesota Commercial bank [32]
August 7, 2009 Community First Bank, Prineville, Oregon Home Federal Bank, Nampa, Idaho Commercial bank [32]
August 14, 2009 Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania PNC Bank N.A, Pittsburgh, Pennsylvania Commercial bank [32]
August 14, 2009 Colonial Bank, Montgomery, Alabama Branch Banking and Trust Company, Winston-Salem, North Carolina Commercial bank [32]
August 14, 2009 Community Bank of Nevada, Las Vegas, Nevada Deposit Insurance National Bank of Las Vegas, Las Vegas, Nevada Commercial bank [32]
August 14, 2009 Community Bank of Arizona, Phoenix, Arizona MidFirst Bank, Oklahoma City, Oklahoma Commercial bank [32]
August 14, 2009 Union Bank N.A., Gilbert, Arizona MidFirst Bank, Oklahoma City, Oklahoma Commercial bank [32]
August 21, 2009 eBank, Atlanta, Georgia Stearns Bank, NA, St. Cloud, Minnesota Commercial bank [32]
August 21, 2009 First Coweta Bank, Newnan, Georgia United Bank, Zebulon, Georgia Commercial bank [32]
August 21, 2009 CapitalSouth Bank, Birmingham, Alabama IBERIABANK, Lafayette, Louisiana Commercial bank [32]
August 21, 2009 Guaranty Bank, Austin, Texas BBVA Compass, Birmingham, Alabama Commercial bank [32]
August 28, 2009 Bradford Bank, Baltimore, Maryland Manufacturers and Traders Trust Company, Buffalo, New York Commercial bank [32]
August 28, 2009 Mainstreet Bank, Forest Lake, Minnesota Central Bank, Stillwater, Minnesota Commercial bank [32]
August 28, 2009 Affinity Bank, Ventura, California Pacific Western Bank, San Diego, California Commercial bank [32]
August 28, 2009 Vantus Bank, Sioux City, Iowa Great Southern Bank, Springfield, Missouri Commercial bank [32]
September 4, 2009 First Bank of Kansas City, Kansas City, Missouri Great American Bank, DeSoto, Kansas Commercial bank [32]
September 4, 2009 InBank, Oak Forest, Illinois MB Financial Bank NA, Chicago, Illinois Commercial bank [32]
September 4, 2009 Platinum Community Bank, Rolling Meadows, Illinois closed; FDIC payout of insured desposits Commercial bank [32]
September 4, 2009 First State Bank, Flagstaff, Arizona Sunwest Bank, Tustin, California Commercial bank [32]
September 11, 2009 Corus Bank, N.A., Chicago, Illinois MB Financial Bank, N.A., Chicago, Illinois Commercial bank [32]
September 11, 2009 Brickwell Community Bank, Woodbury, Minnesota CorTrust Bank, N.A., Mitchell, South Dakota Commercial bank [32]
September 11, 2009 Venture Bank, Lacey, Washington First-Citizens Bank and Trust Company, Raleigh, North Carolina Commercial bank [32]
September 18, 2009 Irwin Union Bank and Trust Company, Columbus, Indiana First Financial Bank, N.A., Hamilton, Ohio Commercial bank [32]
September 18, 2009 Irwin Union Bank, F.S.B., Louisville, Kentucky First Financial Bank, N.A., Hamilton, Ohio Savings and loan association [32]
September 25, 2009 Georgian Bank, Atlanta, Georgia First Citizens Bank and Trust Company, Columbia, South Carolina Commercial bank [32]
October 2, 2009 Warren Bank, Warren, Michigan Huntington National Bank, Columbus, Ohio Commercial bank [32]
October 2, 2009 Colorado National Bank, Pueblo, Colorado Legacy Bank, Wiley, Colorado Commercial bank [32]
October 2, 2009 State Bank, Spring Grove, Minnesota Central Bank, Stillwater, Minnesota Commercial bank [32]
October 16, 2009 San Joaquin Bank, Bakersfield, California Citizens Business Bank, Ontario, California Commercial bank [32]
October 23, 2009 Partners Bank, Naples, Florida Stonegate Bank, Fort Lauderdale, Florida Commercial bank [32]
October 23, 2009 American United Bank, Lawrenceville, Georgia Ameris Bank, Moultrie, Georgia Commercial bank [32]
October 23, 2009 Hillcrest Bank Florida, Naples, Florida Stonegate Bank, Fort Lauderdale, Florida Commercial bank [32]
October 23, 2009 Flagship National Bank, Bradenton, Florida First Federal Bank of Florida, Lake City, Florida Commercial bank [32]
October 23, 2009 Bank of Elmwood, Racine, Wisconsin Tri City National Bank, Oak Creek, Wisconsin Commercial bank [32]
October 23, 2009 Riverview Community Bank, Otsego, Minnesota Central Bank, Stillwater, Minnesota Commercial bank [32]
October 23, 2009 First DuPage Bank, Westmont, Illinois First Midwest Bank, Itasca, Illinois Commercial bank [32]
October 23, 2009 Bank USA, NA, Phoenix, Arizona U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 California National Bank, Los Angeles, California U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 San Diego National Bank, San Diego, California U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 Pacific National Bank, San Francisco, California U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 Park National Bank, Chicago, Illinois U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 Community Bank of Lemont, Lemont, Illinois U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 North Houston Bank, Houston, Texas U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 Madisonville State Bank, Madisonville, Texas U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 Citizens National Bank, Teague, Texas U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
October 23, 2009 California National Bank, Los Angeles, California U.S. Bank, NA, of Minneapolis, Minnesota Commercial bank [32]
November 6, 2009 United Security Bank, Sparta, Georgia Ameris Bank, Moultrie, Georgia Commercial bank [32]
November 6, 2009 Home Federal Savings Bank, Detroit, Michigan Liberty Bank and Trust Company, New Orleans, Louisiana Commercial bank [32]
November 6, 2009 Prosperan Bank, Oakdale, Minnesota Alerus Financial, NA, Grand Forks, North Dakota Commercial bank [32]
November 6, 2009 Gateway Bank of St. Louis, St. Louis, Missouri Central Bank of Kansas City, Kansas City, Missouri Commercial bank [32]
November 6, 2009 United Commercial Bank, San Francisco, California East West Bank, Pasadena, California Commercial bank [32]
November 13, 2009 Century Bank, Federal Savings Bank, Sarasota, Florida IBERIABANK, Lafayette, Louisiana Savings and loan association [32]
November 13, 2009 Orion Bank, Naples, Florida IBERIABANK, Lafayette, Louisiana Commercial bank [32]
November 13, 2009 Pacific Coast National Bank, San Clemente, California Sunwest Bank, Tustin, California Commercial bank [32]
November 20, 2009 Commerce Bank of Southwest Florida, Fort Myers, Florida Central Bank, Stillwater, Minnesota Commercial bank [32]
November 20, 2009 Commerce Bank of Southwest Florida, Fort Myers, Florida Central Bank, Stillwater, Minnesota Commercial bank [32]
December 4, 2009 Buckhead Community Bank, Atlanta, Georgia State Bank and Trust Company, Macon, Georgia Commercial bank [32]
December 4, 2009 First Security National Bank, Norcross, Georgia State Bank and Trust Company, Macon, Georgia Commercial bank [32]
December 4, 2009 Tattnall Bank, Reidsville, Georgia HeritageBank of the South, Albany, Georgia Commercial bank [32]
December 4, 2009 AmTrust Bank, Cleveland, Ohio New York Community Bank, Westbury, New York Savings and loan association [32]
December 4, 2009 Benchmark Bank, Aurora, Illinois MB Financial Bank, National Association, Chicago, Illinois Commercial bank [32]
December 4, 2009 Greater Atlantic Bank, Reston, Virginia Sonabank, McLean Virginia Savings and loan association [32]
December 11, 2009 Republic Federal Bank, National Association, Miami, Florida 1st United Bank, Boca Raton, Florida Commercial bank [32]
December 11, 2009 Valley Capital Bank, National Association, Mesa, Arizona Enterprise Bank & Trust, Clayton, Missouri Commercial bank [32]
December 11, 2009 SolutionsBank, Overland Park, Kansas Arvest Bank, Fayetteville, Arkansas Commercial bank [32]
December 18, 2009 RockBridge Commercial Bank, Atlanta, Georgia FDIC (no acquiring bank) Commercial bank [32]
December 11, 2009 Peoples First Community Bank, Panama City, Florida Hancock Bank, Gulfport, Mississippi Savings and loan association [32]
December 18, 2009 Citizens State Bank, New Baltimore, Michigan FDIC-created Deposit Insurance National Bank of New Baltimore (no acquiring bank) Commercial bank [32]
December 11, 2009 New South Federal Savings Bank, Irondale, Alabama Beal Bank, Plano, Texas Savings and loan association [32]
December 11, 2009 Independent Bankers' Bank, Springfield, Illinois FDIC-created Independent Bankers' Bank Bridge Bank Correspondent bank [32]
December 18, 2009 Imperial Capital Bank, La Jolla, California City National Bank, Los Angeles, California Commercial bank [32]
December 18, 2009 First Federal Bank of California, Santa Monica, California OneWest Bank, FSB, Pasadena Savings and loan association [32] 140 total for 2009

2010[edit]

Date Company Deposits and/or branches taken by Type of company bankrupt or closed References
January 8, 2010 Horizon Bank, Bellingham, Washington Washington Federal Savings and Loan Association, Seattle, Washington Commercial Bank [33]
January 15, 2010 Town Community Bank and Trust, Antioch, Illinois First American Bank, Elk Grove Village, Illinois Commercial Bank [33]
January 15, 2010 St. Stephen State Bank, St. Stephen, Minnesota First State Bank of St. Joseph, St. Joseph, Minnesota Commercial Bank [33]
January 15, 2010 Barnes Banking Company, Kaysville, Utah FDIC-created Deposit Insurance National Bank of Kaysville (no acquiring bank) Commercial Bank [33]
January 22, 2010 Premier American Bank, Miami, Florida Premier American Bank, Miami, Florida, National Association (newly chartered) Commercial Bank [33]
January 22, 2010 Bank of Leeton, Leeton, Missouri Sunflower Bank, NA, Salina, Kansas Commercial Bank [33]
January 22, 2010 Charter Bank, Santa Fe, New Mexico Charter Bank, Albuquerque, New Mexico (newly chartered) Savings and loan association [33]
January 22, 2010 Evergreen Bank, Seattle, Washington Umpqua Bank, Roseburg, Oregon Commercial Bank [33]
January 22, 2010 Columbia River Bank, The Dalles, Oregon Columbia State Bank, Tacoma, Washington Commercial Bank [33]
January 29, 2010 First National Bank of Georgia, Carrollton, Georgia Community & Southern Bank, Carrollton, Georgia Commercial Bank [33]
January 29, 2010 Florida Community Bank, Immokalee, Florida Premier American Bank, National Association, Miami Florida (newly chartered) Commercial Bank [33]
January 29, 2010 Marshall Bank, National Association, Hallock, Minnesota United Valley Bank, Cavalier, North Dakota Commercial Bank [33]
January 29, 2010 Community Bank and Trust, Cornelia, Georgia SCBT, N.A., Orangeburg, South Carolina Commercial Bank [33]
January 29, 2010 First Regional Bank, Los Angeles, California First-Citizens Bank & Trust Company, Raleigh, North Carolina Commercial Bank [33]
January 29, 2010 American Marine Bank, Bainbridge Island, Washington Columbia State Bank, Tacoma, Washington Commercial Bank [33]
April 30, 2010 W Holding Company, Mayaguez, Puerto Rico Banco Popular de Puerto Rico, San Juan, Puerto Rico Commercial Bank [33]
April 30, 2010 RG Premier Bank, San Juan, Puerto Rico Scotiabank, San Juan, Puerto Rico Commercial Bank [33]
April 30, 2010 EuroBancshares, San Juan, Puerto Rico Oriental Bank and Trust, San Juan, Puerto Rico Commercial Bank [33]

More banks have failed since April 2010, but this list is not being maintained by anyone. For more recent data see

Credit Unions closed and liquidated, taken over, or sold by the NCUA[edit]

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 between 2009 - 2010 can be found at http://www.ncua.gov/Resources/ClosedCU/2010.aspx#top . For failed credit unions prior to 2009 please refer to press releases regarding failed credit unions at http://www.ncua.gov/NewsPublications/News/PressRelease.aspx.

Date Company Deposits and/or branches taken by Type of company bankrupt or closed References
April 27, 2007 Sharebuilders Federal Credit Union, Northridge, California closed and liquidated by NCUA credit union [34]
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 [35]
November 28, 2007 Huron River Credit Union, Ann Arbor, Michigan Detroit Edison Credit Union, Detroit, Michigan credit union [36]
January 24, 2008 Norlarco Federal Credit Union, Ft. Collins, Colorado Public Service Credit Union, Denver, Colorado credit union [37]
May 3, 2008 St. Luke Baptist Federal Credit Union, Laurelton, New York closed and liquidated by NCUA credit union [38]
May 12, 2008 Father Burke Federal Credit Union, Bronx, New York closed and liquidated by NCUA credit union [39]
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 [40]
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 [40]
July 16, 2008 Meridan F.A. Federal Credit Union, Meriden, Connecticut closed and liquidated by NCUA credit union [41]
July 28, 2008 New London Security Federal Credit Union, New London, Connecticut closed and liquidated by NCUA credit union [42]
August 8, 2008 Port Trust Federal Credit Union, Charleston, South Carolina CPM Federal Credit Union, North Charleston, South Carolina credit union [43]
September 17, 2008 Interfaith Federal Credit Union, East Orange, New Jersey closed and liquidated by NCUA credit union [44]
September 29, 2008 Kaiperm Federal Credit Union, Oakland, California Alliant Credit Union, Chicago, Illinois credit union [45]
October 3, 2008 TEXDOT-WF Credit Union, Wichita Falls, Texas Postal Family Credit Union, Wichita Falls, Texas credit union [46]
October 6, 2008 N&W Poca Division Federal Credit Union, Bluefield, West Virginia closed and liquidated by NCUA credit union [47]
December 5, 2008 West Hartford Credit Union, Farmington, Connecticut closed and liquidated by NCUA credit union [48]
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 [49]
February 13, 2009 Center Valley Credit Union, Wheeling, West Virginia closed and liquidated by NCUA credit union [50]
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 [51]
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 [51]
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 [52]
July 6, 2009 Watts United Credit Union, Los Angeles, California closed and liquidated by NCUA credit union [53]
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 [54]
August 28, 2009 Free Choice Federal Credit Union, Feasterville, Pennsylvania closed by NCUA; assets assumed by Trumark Financial Credit Union, Trevose, Pennsylvania credit union [55]
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 [56]
September 24, 2009 Keys Federal Credit Union Key West, Florida placed into conservatorship by NCUA credit union [57]

More credit unions have failed since Sept 2009, but this list is not being maintained by anyone. For more recent data see

See also[edit]

General:

References[edit]

  1. ^ "Committee for a Responsible Federal Budget: Stimulus Watch". 2009-02-09. 
  2. ^ "FDIC Approves the Assumption of the Insured Deposits of Metropolitan Savings Bank, Pittsburgh, Pennsylvania" (Press release). FDIC. 2007-02-02. 
  3. ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2007-09-28. 
  4. ^ "ING wins from online bank failure". BBC News. 2008-09-30. 
  5. ^ "Bank Closing Information for Miami Valley Bank, Lakeview, Ohio". FDIC. 2007-10-04. 
  6. ^ "Miami Valley becomes year's 3rd failed bank - FDIC". Reuters. 2008-10-04. 
  7. ^ "FDIC Approves the Assumption of all the Deposits of Douglass National Bank, Kansas Cityg, Missouri" (Press release). FDIC. 2008-01-25. 
  8. ^ "FDIC Approves the Assumption of the Insured Deposits of Hume Bank, Hume, Missouri" (Press release). FDIC. 2008-03-07. 
  9. ^ "FDIC Approves the Assumption of the Insured Deposits of ANB Financial, National Association, Bentonville, Arkansas" (Press release). FDIC. 2008-05-09. 
  10. ^ "FDIC Approves the Assumption of All the Deposits of First Integrity Bank, National Association, Staples, Minnesota" (Press release). FDIC. 2008-05-30. 
  11. ^ "FDIC Establishes IndyMac Federal Bank, FSB as Successor to IndyMac Bank, F.S.B., Pasadena, California". FDIC. 2008-07-11. 
  12. ^ "Mutual of Omaha Bank Acquires All Deposits of First National Bank of Nevada and First Heritage Bank, N.A." (Press release). FDIC. 2008-07-25. 
  13. ^ "SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida" (Press release). FDIC. 2008-08-01. 
  14. ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2008-08-22. 
  15. ^ "Failed Bank Information: Integrity Bank, Alpharetta, GA Closing Information". FDIC. 2008-08-29. 
  16. ^ "Failed Bank Information: Silver State Bank, Henderson, NV Closing Information". FDIC. 2008-09-05. 
  17. ^ "Lehman Brothers Holdings Inc. Announces It Intends to File Chapter 11 Bankruptcy Petition" (PDF) (Press release). Lehman Brothers Holdings Inc. 2008-09-15. Retrieved 2008-09-15. 
  18. ^ "Pioneer Community Bank, Inc., and the Citizens Savings Bank Acquire All Deposits of Ameribank, Inc., Northfork, West Virginia" (Press release). FDIC. 2008-09-19. 
  19. ^ "JPMorgan Chase Acquires Banking Operations of Washington Mutual" (Press release). FDIC. 2008-09-19. 
  20. ^ "Monroe Bank & Trust Acquires All the Deposits of Main Street Bank, Northville, Michigan" (Press release). FDIC. 2008-10-10. Retrieved 2008-10-10. 
  21. ^ "National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois" (Press release). FDIC. 2008-10-10. Retrieved 2008-10-10. 
  22. ^ "Stearns Bank, National Association Acquires the Insured Deposits of Alpha Bank & Trust, Alpharetta, GA" (Press release). FDIC. 2008-10-24. Retrieved 2008-10-24. 
  23. ^ "Fifth Third Bank Acquires All the Deposits of Freedom Bank, Bradenton, Florida" (Press release). FDIC. 2008-10-31. Retrieved 2008-10-31. 
  24. ^ "Prosperity Bank Acquires All the Deposits of Franklin Bank, S.S.B., Houston, Texas" (Press release). FDIC. 2008-11-07. Retrieved 2008-11-07. 
  25. ^ "Pacific Western Bank Acquires All the Deposits of Security Pacific Bank, Los Angeles, California" (Press release). FDIC. 2008-11-07. Retrieved 2008-11-07. 
  26. ^ "Bank of Essex, Tappahannock, Virginia Acquires All the Deposits of The Community Bank, Loganville, GA" (Press release). FDIC. 2008-11-21. Retrieved 2008-11-22. 
  27. ^ 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. 2008-11-21. Retrieved 2008-11-22. 
  28. ^ "United Bank Acquires All the Deposits of First Georgia Community Bank, Jackson, Georgia" (Press release). FDIC. 2008-12-05. 
  29. ^ "BB&T Company Acquires All the Deposits of Haven Trust Bank, Duluth, Georgia" (Press release). FDIC. 2008-12-12. 
  30. ^ "The Pecos County Bank Acquires All the Deposits of Sanderson State Bank, Sanderson, Texas" (Press release). FDIC. 2008-12-12. 
  31. ^ "Wells Fargo Acquires All the Deposits of Wachovia Bank, Charlotte, North Carolina" (Press release). FDIC. 2008-12-12. 
  32. ^ 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. 2013-01-11. 
  33. ^ a b c d e f g h i j k l m n o p q r "Bank Failures in Brief-2010". FDIC. 2013-01-11. 
  34. ^ "Sharebuilders Federal Credit Union Closes" (Press release). NCUA. 2008-05-09. Retrieved 2008-10-12. 
  35. ^ "NCUA Closes Green Tree Federal Credit Union" (Press release). NCUA. 2008-11-02. Retrieved 2008-10-12. 
  36. ^ "Huron River Credit Union Liquidated; Members Now Served by Detroit Edison Credit Union" (Press release). NCUA. 2008-11-28. Retrieved 2008-10-12. 
  37. ^ "NCUA Selects Public Service Credit Union to Absorb Norlarco" (Press release). NCUA. 2008-01-24. Retrieved 2008-10-12. 
  38. ^ "St. Luke Baptist Federal Credit Union Closes" (Press release). NCUA. 2008-05-05. Retrieved 2008-10-12. 
  39. ^ "Father Burke Federal Credit Union Closes" (Press release). NCUA. 2008-05-12. Retrieved 2008-10-12. 
  40. ^ a b "NCUA Liquidates Sterlent and Cal State 9 Credit Unions; Patelco Credit Union Purchases and Assumes Credit Union Assets" (Press release). NCUA. 2008-07-01. Retrieved 2008-10-12. 
  41. ^ "Meriden F.A. Federal Credit Union Closes" (Press release). NCUA. 2008-07-16. Retrieved 2008-10-12. 
  42. ^ "New London Security FCU Closes" (Press release). NCUA. 2008-07-28. Retrieved 2008-10-12. 
  43. ^ "CPM Federal Credit Union Now Serves Members of Liquidated Port Trust FCU" (Press release). NCUA. 2008-09-08. Retrieved 2008-10-12. 
  44. ^ "Interfaith Federal Credit Union Closes" (Press release). NCUA. 2008-09-17. Retrieved 2008-10-12. 
  45. ^ "Kaiperm Federal Credit Union Liquidated; Members Now Served by Alliant Credit Union" (Press release). NCUA. 2008-09-29. Retrieved 2008-10-12. 
  46. ^ "TEXDOT-WF Credit Union Closes; Members Now Served by Postel Family Credit Union" (Press release). NCUA. 2008-10-03. Retrieved 2008-10-12. 
  47. ^ "N&W Poca Division Federal Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-10-12. 
  48. ^ "West Hardford Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-12-09. 
  49. ^ "Valley Credit Union Closes" (Press release). NCUA. 2009-01-02. Retrieved 2009-01-13. 
  50. ^ "Center Valley Credit Union Closes" (Press release). NCUA. 2009-02-16. Retrieved 2009-02-13. 
  51. ^ a b "NCUA Conserves U.S. Central and Western Corporate Credit Unions" (Press release). NCUA. 2009-03-20. Retrieved 2009-03-20. 
  52. ^ "Eastern Financial Florida Credit Union placed into conservatorship" (Press release). NCUA. 2009-04-24. Retrieved 2009-05-31. 
  53. ^ "Watts United Credit Union Closes" (Press release). NCUA. 2009-07-06. Retrieved 2009-07-24. 
  54. ^ "One Federal Credit Union Closes" (Press release). NCUA. 2009-08-12. Retrieved 2009-08-14. 
  55. ^ "Free Choice Federal Credit Union Liquidated" (Press release). NCUA. 2009-08-28. Retrieved 2009-09-26. 
  56. ^ "Comunidades FCU Close" (Press release). NCUA. 2009-09-22. Retrieved 2009-09-26. 
  57. ^ "Keys Federal Credit Union Placed into Conservatorship" (Press release). NCUA. 2009-09-24. Retrieved 2009-09-26.