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List of banks acquired or bankrupted during the Great Recession

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This is an old revision of this page, as edited by 81.102.44.226 (talk) at 11:47, 31 March 2009 (→‎Acquisitions). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Template:Icon-issues This is a list of financial institutions that have been affected by the Financial crisis of 2007–2009. The list includes banks (including commercial banks and investment banks), building societies and insurance companies that have either been:

  • taken over or merged with another financial institution;
  • nationalised by a government or central bank; or
  • declared insolvent or liquidated.

In the United States, 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 acquisition 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.

In the United Kingdom, Her Majesty's Treasury has the power to acquire failing banks under the Banking (Special Provisions) Act 2008. Using powers granted by this Act, Her Majesty's Treasury acquired the shareholdings of both Northern Rock and the Bradford & Bingley; and transferred the savings accounts of failed Icelandic banks to ING Direct. Anti-terrorism legislation has been used to seize assets of the Icelandic banks, the Government of Iceland and the Icelandic central bank in the UK.

Acquisitions

Date acquisition is announced Acquired company Acquirer Type of company acquired Value (USD, EUR and GBP) References
February 22, 2008 United Kingdom Northern Rock United Kingdom Her Majesty's Government retail and mortgage bank [1]
April 1, 2008 United States Bear Stearns, New York City United States JPMorgan Chase, New York City Investment bank $2.2×10^9 [2]
June 7, 2008 United Kingdom Catholic Building Society United Kingdom Chelsea Building Society Building Society £51,000,000 [3]
July 1, 2008 United States Countrywide Financial, Calabasas, California United States Bank of America, Charlotte, North Carolina Subprime mortgage lender $4×10^9 [4]
July 14, 2008 United Kingdom Alliance & Leicester Spain Banco Santander SA retail and mortgage bank £1.26×10^9 [5]
August 26, 2008 Denmark Roskilde Bank Denmark Danmarks Nationalbank (Danish Central Bank) Retail bank $896,800,000 (kr4,500,000,000) [6]
September 7, 2008 United States Fannie Mae and Freddie Mac United States Federal Housing Finance Agency Subprime mortgage lender [7][8][9]
September 8, 2008 United Kingdom Derbyshire Building Society United Kingdom Nationwide Building Society Building society £7.1×10^9 [10]
September 8, 2008 United Kingdom Cheshire Building Society United Kingdom Nationwide Building Society Building society £4.9×10^9 [11]
September 14, 2008 - Presumed United States Merrill Lynch, New York City United States Bank of America, Charlotte, North Carolina Investment bank $4.4×10^10 [12]
September 16, 2008 - Presumed United States American International Group, New York City United States United States federal governmentA Insurance company $1.82×10^11 [13]
September 17, 2008 - United States Lehman Brothers, New York City B United Kingdom Barclays plc Investment bank $1.3×10^9 [14]
September 18, 2008 - Presumed United Kingdom HBOS United Kingdom Lloyds TSB Diversified financial services $2.185×10^10 [15]
September 26, 2008 United States Washington Mutual, Seattle, Washington United States JPMorgan Chase, New York City Savings and loan association $1.9×10^9 [16]
September 26, 2008 United States Lehman BrothersC Japan Nomura Holdings Investment bank $2 [17]
September 28, 2008 United Kingdom Bradford & BingleyD United Kingdom Her Majesty's Government (Mortgage Assets)
Spain Banco Santander SA (Savings Liabilities) 		Diversified financial services £2.11×10^10 [18]
September 28, 2008 Belgium Netherlands Luxembourg Fortis Netherlands Government of the Netherlands (Dutch assets including ABN AMRO)
France BNP Paribas (Belgian and Luxembourg assets) 		Diversified financial services €1.12×10^10 [19]
September 30, 2008 Belgium Dexia Belgium France Luxembourg The Belgian, French and Luxembourg governments Public finance and retail [20]
October 3, 2008 United States Wachovia, Charlotte, North Carolina United States Wells Fargo, San Francisco, California F Retail and investment banking $1.5×10^10 [21]
October 7, 2008 Iceland Landsbanki Iceland Icelandic Financial Supervisory Authority Commercial Bank [22][23]
October 8, 2008 Iceland Glitnir Iceland Icelandic Financial Supervisory Authority Commercial bank [24][25]
October 9, 2008 Iceland Kaupthing Bank Iceland Icelandic Financial Supervisory Authority Commercial bank [26][27]
October 9, 2008 Australia BankWest (subsidiary of HBOS) Australia Commonwealth Bank of Australia Bank £1.2×10^9 [28]
October 13, 2008 United States Sovereign Bank, Wyomissing, Pennsylvania Spain Banco Santander SA Bank $1.9×10^9 [29]
October 22, 2008 United Kingdom Barnsley Building Society United Kingdom Yorkshire Building Society Building society £376,000,000 [30]
October 24, 2008 United States National City Bank, Cleveland, Ohio United States PNC Financial Services, Pittsburgh, Pennsylvania Bank $5.58×10^9 [31]
October 24, 2008 United States Commerce Bancorp, Cherry Hill, New Jersey Canada Toronto-Dominion Bank, Toronto, Canada Bank $8.5×10^9 [32]
November 4, 2008 United Kingdom Scarborough Building Society United Kingdom Skipton Building Society Building Society [33]
January 10, 2009 United States IndyMac Federal Bank United States IMB Management Holdings Savings and loan association $1.39×10^10 [34]
January 15, 2009 Republic of Ireland Anglo Irish Bank Republic of Ireland Government of the Republic of Ireland Bank [35]
February 21, 2009 Antigua and Barbuda Bank of Antigua Caribbean Community Eastern Caribbean Central Bank Bank [36]
March 9, 2009 Iceland Straumur Investment Bank Iceland Icelandic Financial Supervisory Authority Investment Bank [37]
March 9, 2009 United Kingdom Dunfermline Building Society United Kingdom Bank of England (social housing loans)
United Kingdom Nationwide Building Society (savings, residential mortgages, branch network) 		Building Society [38]

British banking rescue scheme

Her Majesty's Government announced a scheme to acquire stakes in 3 of the largest UK banks. The schemes for HBOS and Lloyds TSB were conditional on the merger between the 2 banking groups going ahead.

Date acquisition is announced Acquired company Acquirer Type of company acquired Value (USD, EUR and GBP) References
October 13, 2008 United Kingdom Royal Bank of Scotland Group (up to 63% Bought) United Kingdom Her Majesty's Government Bank £2×10^10 [39][40]
October 13, 2008 United Kingdom HBOS (up to 43.5% Bought) United Kingdom Her Majesty's Government Bank £1.3×10^10 [41][42]
October 13, 2008 United Kingdom Lloyds TSB (up to 43.5% Bought) United Kingdom Her Majesty's Government Bank £4×10^9 [43]

Failures

United States

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

As a result of the current economic and financial crisis, over 40 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.[44]

A list of all banks that have failed and either have been liquidated or are being liquidated by the FDIC is located at http://www.fdic.gov/bank/individual/failed/banklist.html .

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; FDIC [45]
September 28, 2007 NetBank, Alpharetta, Georgia ING Direct, Wilmington, Delaware; FDIC Retail and mortgage bank [46][47]
October 4, 2007 Miami Valley Bank, Lakeview, Ohio Citizens Banking Corp, Sandusky, Ohio; FDIC [48][49]
January 25, 2008 Douglass National Bank, Kansas City, Missouri Liberty Bank and Trust Company, New Orleans, Louisiana; FDIC [50]
March 7, 2008 Hume Bank, Hume, Missouri Security Bank, Rich Hill, Missouri; FDIC [51]
May 9, 2008 ANB Financial, Bentonville, Arkansas Pulaski Bank and Trust Company, Little Rock, Arkansas; FDIC [52]
May 30, 2008 First Integrity Bank, Staples, Minnesota First International Bank and Trust, Watford City, North Dakota; FDIC [53]
July 11, 2008 IndyMac Bank, Pasadena, California IndyMac Federal Bank, an 'interim' bank set up for disposal of assets; FDIC savings and loan association [54]
July 25, 2008 First National Bank of Nevada, Reno, Nevada; First Heritage Bank, Newport Beach, California Mutual of Omaha, Omaha, Nebraska; FDIC [55]
August 1, 2008 First Priority Bank, Bradenton, Florida SunTrust Bank, Atlanta, Georgia; FDIC [56]
August 22, 2008 The Columbian Bank and Trust Company, Topeka, Kansas Citizens Bank & Trust, Chillicothe, Missouri; FDIC [57]
August 29, 2008 Integrity Bank, Alpharetta, Georgia Regions Bank, Birmingham, Alabama; FDIC [58]
September 5, 2008 Silver State Bank, Henderson, Nevada Nevada State Bank, Las Vegas, Nevada; National Bank of Arizona; FDIC [59]
September 15, 2008 Lehman Brothers, New York City, New York (filed for Chapter 11 bankruptcy protection) Investment bank [60]
September 19, 2008 AmeriBank, Northfork, West Virginia Pioneer Community Bank, Iaeger, West Virginia; The Citizen's Saving Bank, Martins Ferry, Ohio; FDIC Savings and loan association [61]
September 25, 2008 Washington Mutual, Seattle, Washington JPMorgan Chase; FDIC savings and loan association [62]
October 10, 2008 Main Street Bank, Northville, Michigan Monroe Bank & Trust, Monroe, Michigan; FDIC Commercial bank [63]
October 10, 2008 Meridian Bank, Eldred, Illinois National Bank, Hillsboro, Illinois; FDIC Commercial bank [64]
October 24, 2008 Alpha Bank & Trust, Alpharetta, Georgia Stearns Bank, National Association, St. Cloud, Minnesota; FDIC Commercial bank [65]
October 31, 2008 Freedom Bank, Bradenton, Florida Fifth Third Bank, Cincinnati, Ohio; FDIC Commercial bank [66]
November 7, 2008 Franklin Bank, S.S.B, Houston, Texas Prosperity Bank, El Campo, Texas; FDIC Savings and loan association [67]
November 7, 2008 Security Pacific Bank, Los Angeles, California Pacific Western Bank, Los Angeles, California; FDIC Commercial bank [68]
November 21, 2008 The Community Bank, Loganville, Georgia Bank of Essex, Tappahannock, Virginia; FDIC Commercial bank [69]
November 21, 2008 Downey Savings and Loan, Newport Beach, California U.S. Bank, Minneapolis, Minnesota; FDIC Savings and loan association [70]
November 21, 2008 PFF Bank and Trust, Pomona, California U.S. Bank, Minneapolis, Minnesota; FDIC Savings and loan association [71]
December 5, 2008 First Georgia Community Bank, Jackson, Georgia United Bank, Zebulon, Georgia; FDIC Commercial Bank [72]
December 12, 2008 Haven Trust Bank, Duluth, Georgia BB&T Company, Winston-Salem, North Carolina; FDIC Commercial Bank [73]
December 12, 2008 Sanderson State Bank, Sanderson, Texas The Pecos County State Bank, Fort Stockton, Texas; FDIC Commercial Bank [74]25 total in 2008
January 16, 2009 National Bank of Commerce, Berkeley, Illinois Republic Bank of Chicago, Oak Brook, Illinois; FDIC Commercial Bank [75]
January 16, 2009 Bank of Clark County, Vancouver, Washington Umpqua Bank, Roseburg, Oregon; FDIC Commercial Bank [76]
January 23, 2009 1st Centennial Bank, Redlands, California First California Bank, Westlake Village, California; FDIC Commercial Bank [77]
January 30, 2009 MagnetBank, Salt Lake City, Utah FDIC. Nobody bought this bank from the FDIC, so this bank and all of its depository accounts have been closed, and its assets are being liquidated by the FDIC. The FDIC is mailing checks to the failed bank's depositors up to the insured limits. Commercial Bank [78]
January 30, 2009 Suburban Federal Savings Bank, Crofton, Maryland Bank of Essex, Tappahannock, Virginia; FDIC Savings and loan association [79]
January 30, 2009 Ocala National Bank, Ocala, Florida CenterState Bank of Florida, Winter Haven, Florida; FDIC Commercial Bank [80]
February 6, 2009 FirstBank Financial Services, McDonough, Georgia Regions Bank, Birmingham, Alabama; FDIC [81]
February 6, 2009 Alliance Bank, Culver City, California California Bank & Trust, San Diego, California; FDIC Commercial Bank [82]
February 6, 2009 County Bank, Merced, California Westamerica Bank, San Rafael, California; FDIC Commercial Bank [83]
February 13, 2009 Sherman County Bank, Loup City, Nebraska Heritage Bank, Wood River, Nebraska; FDIC Commercial Bank [84]
February 13, 2009 Riverside Bank of the Gulf Coast, Cape Coral, Florida TIB Bank, Naples, Florida; FDIC Commercial Bank [85]
February 13, 2009 Corn Belt Bank and Trust Company, Pittsfield, Illinois The Carlinville National Bank, Carlinville, Illinois; FDIC Commercial Bank [86]
February 13, 2009 Pinnacle Bank, Beaverton, Oregon Washington Trust Bank, Spokane, Washington; FDIC Commercial Bank [87]
February 20, 2009 Silver Falls Bank, Silverton, Oregon Citizens Bank, Corvallis, Oregon; FDIC Commercial Bank [88]
February 27, 2009 Heritage Community Bank, Glenwood, Illinois MB Financial Bank, N.A., Chicago Illinois; FDIC Commercial Bank [89]
February 27, 2009 Security Savings Bank, Henderson, Nevada Bank of Nevada, Las Vegas, Nevada; FDIC Commercial Bank [90]
March 6, 2009 Freedom Bank of Georgia, Commerce, Georgia Northeast Georgia Bank, Lavonia, Georgia; FDIC Commercial Bank [91]17th in 2009
March 20, 2009 FirstCity Bank, Stockbridge, Georgia FDIC. Nobody bought this bank from the FDIC, so this bank and all of its depository accounts have been closed, and its assets are being liquidated by the FDIC. The FDIC is mailing checks to the failed bank's depositors up to the insured limits. Commercial Bank [92]
March 20, 2009 Colorado National Bank, Colorado Springs, Colorado Herring Bank, Amarillo, Texas Commercial Bank [93]
March 20, 2009 TeamBank, Paola, Kansas Great Southern Bank, Springfield, Missouri Commercial Bank [94]
March 27, 2009 Omni National Bank, Atlanta, Georgia FDIC. The FDIC has contracted with SunTrust Bank to have SunTrust run Omni National Bank for the FDIC until April 27, 2009. At that date, Omni National Bank's branches will be closed, accounts in Georgia and Florida that have not been closed will be automatically converted to SunTrust accounts, and accounts in other states will be terminated. SunTrust will mail checks to the addresses associated with those accounts. Only insured deposits are available in this closure, unless the FDIC recovers enough money from the assets of Omni National Bank to allow the FDIC to pay a dividend. Customers may also elect to have their accounts manually converted to SunTrust accounts or receive checks prior to April 27, 2009. Commercial bank [95]

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

The National Credit Union Administration (NCUA) does not have a table of failed credit unions. However, one can find links to press releases regarding failed credit unions at http://www.ncua.gov/indexnews.html.

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 [96]
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 [97]
November 28, 2007 Huron River Credit Union, Ann Arbor, Michigan Detroit Edison Credit Union, Detroit, Michigan credit union [98]
January 24, 2008 Norlarco Federal Credit Union, Ft. Collins, Colorado Public Service Credit Union, Denver, Colorado credit union [99]
May 3, 2008 St. Luke Baptist Federal Credit Union, Laurelton, New York closed and liquidated by NCUA credit union [100]
May 12, 2008 Father Burke Federal Credit Union, Bronx, New York closed and liquidated by NCUA credit union [101]
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 [102]
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 [103]
July 16, 2008 Meridan F.A. Federal Credit Union, Meriden, Connecticut closed and liquidated by NCUA credit union [104]
July 28, 2008 New London Security Federal Credit Union, New London, Connecticut closed and liquidated by NCUA credit union [105]
August 8, 2008 Port Trust Federal Credit Union, Charleston, South Carolina CPM Federal Credit Union, North Charleston, South Carolina credit union [106]
September 17, 2008 Interfaith Federal Credit Union, East Orange, New Jersey closed and liquidated by NCUA credit union [107]
September 29, 2008 Kaiperm Federal Credit Union, Oakland, California Alliant Credit Union, Chicago, Illinois credit union [108]
October 3, 2008 TEXDOT-WF Credit Union, Wichita Falls, Texas Postal Family Credit Union, Wichita Falls, Texas credit union [109]
October 6, 2008 N&W Poca Division Federal Credit Union, Bluefield, West Virginia closed and liquidated by NCUA credit union [110]
December 5, 2008 West Hartford Credit Union, Farmington, Connecticut closed and liquidated by NCUA credit union [111]
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 [112]
February 13, 2009 Center Valley Credit Union, Wheeling, West Virginia closed and liquidated by NCUA credit union [113]
March 20, 2009 U.S. Central Credit Union Placed into conservatorship under the NCUA. This corporate credit union will continue to run under NCUA management. Corporate credit union [114]
March 20, 2009 Western Corporate Credit Union Placed into conservatorship under the NCUA. This corporate credit union will continue to run under NCUA management. Corporate credit union [115]

United Kingdom

Banks that have been put into administration; or the assets have been transferred to another bank under the provisions of the Banking (Special Provisions) Act 2008

Date Company Deposits and/or branches taken by Type of company bankrupt or closed References
October 9, 2008 Icesave (subsidiary of Landsbanki (Iceland)) Her Majesty's TreasuryG Online savings bank
October 8, 2008 Kaupthing Singer & Friedlander (subsidiary of Kaupthing Bank (Iceland)) placed in administration Corporate investments and private banking
October 8, 2008 Heritable Bank (subsidiary of Landsbanki (Iceland)) ING DirectG Private banking
October 8, 2008 Kaupthing Edge (division of Kaupthing Singer & Friedlander) ING DirectH Online savings bank
December 1, 2008 London Scottish Bank placed in administration Bank [116]

Latvia

Date Company Deposits and/or branches taken by Type of company bankrupt or closed References
November 8, 2008 Parex Bank (Latvia) Hipotēku banka (owned by Latvian government) Bank [117]

See also

Notes

References

  1. ^ "UK government nationalised Northern rock". BBC. 2008-02-17.
  2. ^ White, Ben (May 29), "Bear Stearns passes into Wall Street history", Financial Times {{citation}}: Check date values in: |date= and |year= / |date= mismatch (help)
  3. ^ Steve Hodge (2008-09-05). "Catholic society offers merger bonuses". Financial Times.
  4. ^ Associated Press (2008-07-01). "Bank of America completes deal for Countrywide Financial". San Jose Mercury News.
  5. ^ "Santander agrees £1.2bn A&L deal". BBC News. 14 July 2008. Retrieved 2008-07-14. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  6. ^ McLaughlin, Kim (2008-08-26). "Danish central bank buys out ailing Roskilde bank". Reuters. Thomson Reuters. Retrieved 2008-10-05. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
  7. ^ Lockhart, James B., III (2008-09-07). "Statement of FHFA Director James B. Lockhart". Federal Housing Finance Agency. Retrieved 2008-09-07.{{cite news}}: CS1 maint: multiple names: authors list (link)
  8. ^ "Fact Sheet: Questions and Answers on Conservatorship" (PDF). Federal Housing Finance Agency. 2008-09-07. Retrieved 2008-09-07. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  9. ^ Goldfarb, Zachary A. (2008-09-07). "Treasury to Rescue Fannie and Freddie: Regulators Seek to Keep Firms' Troubles From Setting Off Wave of Bank Failures". Washington Post. pp. A01. Retrieved 2008-09-07. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
  10. ^ "Mergers of Nationwide with The Derbyshire and The Cheshire Building Societies". 2008-09-08.
  11. ^ "The Cheshire to merge with Nationwide". 2008-09-08.
  12. ^ Matthew Karnitschnig (2008-09-14). "Bank of America Reaches Deal for Merrill". The Wall Street Journal. {{cite news}}: Unknown parameter |coauthors= ignored (|author= suggested) (help)
  13. ^ a b Edmund L. Andrews, ; et al. (2008-09-16). "Fed's $85 Billion Loan Rescues Insurer". The New York Times. {{cite news}}: Cite has empty unknown parameter: |1= (help); Explicit use of et al. in: |author= (help)
  14. ^ a b BBC,; et al. (2008-09-17). "Judge approve 1.3 billion deal". BBC. {{cite news}}: Explicit use of et al. in: |author= (help)
  15. ^ AP (2008-09-18). "Lloyds TSB confirms deal to take over HBOS PLC". International Herald Tribune.
  16. ^ BBC,; et al. (2008-9-26). "Regulator sells WaMu to JPMorgan Chase". {{cite news}}: Check date values in: |date= (help); Explicit use of et al. in: |author= (help)
  17. ^ a b KyodoNews (2008-9-26). "Nomura pays only $2 for Lehman Brothers European unit". JapanToday. {{cite news}}: Check date values in: |date= (help)
  18. ^ "Banco Santander SA buys the banking assets of Bradford & Bingley". Bloomberg. 2008-9-29. {{cite news}}: Check date values in: |date= (help)
  19. ^ Clark, Nick (2008-09-30). "Fortis gets €11bn lifeline from three governments". The Independent. Retrieved 2008-09-30. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  20. ^ "Second Belgian bank gets bail-out". BBC News. 2008-09-30. Retrieved 2008-09-30. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  21. ^ a b David Mildenberg,Josh Fineman (2008-10-3). "Wells Fargo merger with Wachovia". Bloomberg. {{cite news}}: Check date values in: |date= (help)
  22. ^ The Financial Supervisory Authority - Iceland, News: Based on New Legislation, the Icelandic Financial Supervisory Authority (IFSA) Proceeds to take Control of Landsbanki to ensure Continued Commercial Bank Operations in Iceland (07.10.2008)
  23. ^ Landsbanki Íslands, Press release: Landsbanki's Operations Continued Under Unchanged Management (October 07, 2008)
  24. ^ The Financial Supervisory Authority - Iceland, News: Based on New Legislation, the Icelandic Financial Supervisory Authority (FME) Proceeds to take Control of Glitnir to ensure Continued Commercial Bank Operations in Iceland (08.10.2008)
  25. ^ Glitnir Bank, News: Glitnir's Operations Continued – Lárus Welding to continue as CEO (08.10.2008)
  26. ^ The Financial Supervisory Authority - Iceland, News: Based on New Legislation, the Icelandic Financial Supervisory Authority (FME) Proceeds to take Control of Kaupþing to ensure Continued Commercial Bank Operations in Iceland (09.10.2008)
  27. ^ Kaupthing Bank, Press release: Kaupthing Bank turns to the Icelandic FSA (2008.10.09)
  28. ^ Australian assets sale boosts HBOS funds
  29. ^ "Spanish bank to buy Sovereign - $1.9B". CNN Money. 2008-10-13. Retrieved 2008-10-17. {{cite news}}: Check date values in: |date= (help)
  30. ^ "Barnsley Building Society rescued". BBC News. 2008-10-22. Retrieved 2008-10-22. {{cite news}}: Check date values in: |date= (help)
  31. ^ Mark Calvey (2008-10-24). "PNC buy troubled National Bank". San Francisco Business Times. {{cite news}}: Check date values in: |date= (help)
  32. ^ "Candian Bank buy Commerce". Philadelphia Business Journal. 2008-10-30. {{cite news}}: Check date values in: |date= (help)
  33. ^ "Scarborough merger with Skipton". telegraph.co.uk. 2008-11-04. {{cite news}}: Check date values in: |date= (help)
  34. ^ "Indymac finds a buyer". New York Times. 2009-01-10. {{cite news}}: Check date values in: |date= (help)
  35. ^ http://news.bbc.co.uk/1/hi/business/7832203.stm
  36. ^ http://news.bbc.co.uk/2/hi/business/7902667.stm
  37. ^ http://www.ft.com/cms/s/0/22db4400-0c86-11de-a555-0000779fd2ac.html
  38. ^ http://news.bbc.co.uk/1/hi/scotland/7971244.stm
  39. ^ Royal Bank of Scotland under state control
  40. ^ http://www.dailymail.co.uk/news/article-1076715/Were-bankers-Taxpayer-ends-running-banks--Barclays-goes-alone.html Taxpayer Ends Up Running Three Top Banks
  41. ^ Royal Bank of Scotland under state control
  42. ^ http://www.dailymail.co.uk/news/article-1076715/Were-bankers-Taxpayer-ends-running-banks--Barclays-goes-alone.html Taxpayer Ends Up Running Three Top Banks
  43. ^ http://www.dailymail.co.uk/news/article-1076715/Were-bankers-Taxpayer-ends-running-banks--Barclays-goes-alone.html Taxpayer Ends Up Running Three Top Banks
  44. ^ "Committee for a Responsible Federal Budget: Stimulus Watch". 2009-02-09.
  45. ^ "FDIC Approves the Assumption of the Insured Deposits of Metropolitan Savings Bank, Pittsburgh, Pennsylvania" (Press release). FDIC. 2007-02-02.
  46. ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2007-09-28.
  47. ^ "ING wins from online bank failure". BBC News. 2008-09-30.
  48. ^ "Bank Closing Information for Miami Valley Bank, Lakeview, Ohio". FDIC. 2007-10-04.
  49. ^ "Miami Valley becomes year's 3rd failed bank - FDIC". Reuters. 2008-10-04.
  50. ^ "FDIC Approves the Assumption of all the Deposits of Douglass National Bank, Kansas City, Missouri" (Press release). FDIC. 2008-01-25.
  51. ^ "FDIC Approves the Assumption of the Insured Deposits of Hume Bank, Hume, Missouri" (Press release). FDIC. 2008-03-07.
  52. ^ "FDIC Approves the Assumption of the Insured Deposits of ANB Financial, National Association, Bentonville, Arkansas" (Press release). FDIC. 2008-05-09.
  53. ^ "FDIC Approves the Assumption of All the Deposits of First Integrity Bank, National Association, Staples, Minnesota" (Press release). FDIC. 2008-05-30.
  54. ^ "FDIC Establishes IndyMac Federal Bank, FSB as Successor to IndyMac Bank, F.S.B., Pasadena, California". FDIC. 2008-07-11.
  55. ^ "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.
  56. ^ "SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida" (Press release). FDIC. 2008-08-01.
  57. ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2008-08-22.
  58. ^ "Failed Bank Information: Integrity Bank, Alpharetta, GA Closing Information". FDIC. 2008-08-29.
  59. ^ "Failed Bank Information: Silver State Bank, Henderson, NV Closing Information". FDIC. 2008-09-05.
  60. ^ "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.
  61. ^ "Pioneer Community Bank, Inc., and the Citizens Savings Bank Acquire All Deposits of Ameribank, Inc., Northfork, West Virginia" (Press release). FDIC. 2008-09-19.
  62. ^ "JPMorgan Chase Acquires Banking Operations of Washington Mutual" (Press release). FDIC. 2008-09-19.
  63. ^ "Monroe Bank & Trust Acquires All the Deposits of Main Street Bank, Northville, Michigan" (Press release). FDIC. 2008-10-10. Retrieved 2008-10-10. {{cite press release}}: Check date values in: |date= (help)
  64. ^ "National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois" (Press release). FDIC. 2008-10-10. Retrieved 2008-10-10. {{cite press release}}: Check date values in: |date= (help)
  65. ^ "Stearns Bank, National Association Acquires the Insured Deposits of Alpha Bank & Trust, Alpharetta, GA" (Press release). FDIC. 2008-10-24. Retrieved 2008-10-24. {{cite press release}}: Check date values in: |date= (help)
  66. ^ "Fifth Third Bank Acquires All the Deposits of Freedom Bank, Bradenton, Florida" (Press release). FDIC. 2008-10-31. Retrieved 2008-10-31. {{cite press release}}: Check date values in: |date= (help)
  67. ^ "Prosperity Bank Acquires All the Deposits of Franklin Bank, S.S.B., Houston, Texas" (Press release). FDIC. 2008-11-07. Retrieved 2008-11-07. {{cite press release}}: Check date values in: |date= (help)
  68. ^ "Pacific Western Bank Acquires All the Deposits of Security Pacific Bank, Los Angeles, California" (Press release). FDIC. 2008-11-07. Retrieved 2008-11-07. {{cite press release}}: Check date values in: |date= (help)
  69. ^ "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. {{cite press release}}: Check date values in: |date= (help)
  70. ^ "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. {{cite press release}}: Check date values in: |date= (help)
  71. ^ "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. {{cite press release}}: Check date values in: |date= (help)
  72. ^ "United Bank Acquires All the Deposits of First Georgia Community Bank, Jackson, Georgia" (Press release). FDIC. 2008-12-05. {{cite press release}}: Check date values in: |date= (help)
  73. ^ "BB&T Company Acquires All the Deposits of Haven Trust Bank, Duluth, Georgia" (Press release). FDIC. 2008-12-12. {{cite press release}}: Check date values in: |date= (help)
  74. ^ "The Pecos County Bank Acquires All the Deposits of Sanderson State Bank, Sanderson, Texas" (Press release). FDIC. 2008-12-12. {{cite press release}}: Check date values in: |date= (help)
  75. ^ "Republic Bank of Chicago Acquires All the Deposits of National Bank of Commerce, Berkeley, IL" (Press release). FDIC. 2008-01-16. {{cite press release}}: Check date values in: |date= (help)
  76. ^ "Umpqua Bank Acquires the Insured Deposits of Bank of Clark County, Vancouver, WA" (Press release). FDIC. 2008-01-16. {{cite press release}}: Check date values in: |date= (help)
  77. ^ "First California Bank, Westlake Village, CA, Acquires the Insured Deposits of 1st Centennial Bank, Redlands, CA" (Press release). FDIC. 2008-01-23. {{cite press release}}: Check date values in: |date= (help)
  78. ^ "FDIC Approves the Payout of the Insured Deposits of MagnetBank, Salt Lake City, Utah" (Press release). FDIC. 2008-01-30. {{cite press release}}: Check date values in: |date= (help)
  79. ^ "Bank of Essex, Tappahannock, Virginia, Acquires All the Deposits of Suburban Federal Savings Bank, Crofton, Maryland" (Press release). FDIC. 2008-01-30. {{cite press release}}: Check date values in: |date= (help)
  80. ^ "CenterState Bank Acquires All the Deposits of Ocala National Bank, Ocala, Florida" (Press release). FDIC. 2008-01-30. {{cite press release}}: Check date values in: |date= (help)
  81. ^ "Regions Bank, Birmingham, AL, Acquires All the Deposits of FirstBank Financial Services, McDonough, GA" (Press release). FDIC. 2009-02-06. {{cite press release}}: Check date values in: |date= (help)
  82. ^ "California Bank and Trust, San Diego, CA, Acquires All of the Deposits of Alliance Bank, Culver City, CA" (Press release). FDIC. 2009-02-06. {{cite press release}}: Check date values in: |date= (help)
  83. ^ "Westamerica Bank, San Rafael, California, Acquires All the Deposits of County Bank, Merced, California" (Press release). FDIC. 2009-02-06. {{cite press release}}: Check date values in: |date= (help)
  84. ^ "Heritage Bank, Wood River, Nebraska, Assumes All the Deposits of Sherman County Bank, Loup City, Nebraska" (Press release). FDIC. 2009-02-13. {{cite press release}}: Check date values in: |date= (help)
  85. ^ "TIB Bank, Naples, Florida, Assumes All of the Deposits of Riverside Bank of the Gulf Coast, Cape Coral, Florida" (Press release). FDIC. 2009-02-13. {{cite press release}}: Check date values in: |date= (help)
  86. ^ "The Carlinville National Bank, Carlinville, Illinois, Assumes All of the Deposits of Corn Belt Bank and Trust Company, Pittsfield, Illinois" (Press release). FDIC. 2009-02-13. {{cite press release}}: Check date values in: |date= (help)
  87. ^ "Washington Trust Bank, Spokane, Washington, Acquires All of the Deposits of Pinnacle Bank, Beaverton, Oregon" (Press release). FDIC. 2009-02-13. {{cite press release}}: Check date values in: |date= (help)
  88. ^ "Citizens Bank, Corvallis, Oregon, Acquires All of the Deposits of Silver Falls Bank, Silverton, Oregon" (Press release). FDIC. 2009-02-20. Retrieved 2009-02-22. {{cite press release}}: Check date values in: |date= (help)
  89. ^ "MB Financial Bank, N.A., Glenwood Illinois, Acquires All of the Deposits of Heritage Community Bank, Glenwood Illinois" (Press release). FDIC. 2009-02-27. Retrieved 2009-03-01. {{cite press release}}: Check date values in: |date= (help)
  90. ^ "Security Savings Bank, Henderson, Nevada, Acquires All of the Deposits of Bank of Nevada, Las Vegas, Nevada" (Press release). FDIC. 2009-02-27. Retrieved 2009-03-01. {{cite press release}}: Check date values in: |date= (help)
  91. ^ "Northeast Georgia Bank, Lavonia, Georgia Acquires All of the Deposits of Freedom Bank of Georgia, Commerce, Georgia" (Press release). FDIC. 2009-03-06. Retrieved 2009-03-08. {{cite press release}}: Check date values in: |date= (help)
  92. ^ "FDIC Approves the Payout of Insured Deposits of FirstCity Bank, Stockbridge, Georgia" (Press release). FDIC. 2009-03-20. Retrieved 2009-03-20. {{cite press release}}: Check date values in: |date= (help)
  93. ^ "Herring Bank, Amarillo, Texas, Assumes All of the Deposits of Colorado National Bank, Colorado Springs, Colorado" (Press release). FDIC. 2009-03-20. Retrieved 2009-03-20. {{cite press release}}: Check date values in: |date= (help)
  94. ^ "Great Southern Bank, Springfield, Missouri, Assumes All of the Deposits of Teambank, National Association, Paola, Kansas" (Press release). FDIC. 2009-03-20. Retrieved 2009-03-20. {{cite press release}}: Check date values in: |date= (help)
  95. ^ "SunTrust Bank, Atlanta, Georgia, Receives the Insured Deposits of Omni National Bank, Atlanta, Georgia" (Press release). FDIC. 2009-03-27. Retrieved 2009-03-29. {{cite press release}}: Check date values in: |date= (help)
  96. ^ "Sharebuilders Federal Credit Union Closes" (Press release). NCUA. 2008-05-09. Retrieved 2008-10-12.
  97. ^ "NCUA Closes Green Tree Federal Credit Union" (Press release). NCUA. 2008-11-02. Retrieved 2008-10-12.
  98. ^ "Huron River Credit Union Liquidated; Members Now Served by Detroit Edison Credit Union" (Press release). NCUA. 2008-11-28. Retrieved 2008-10-12.
  99. ^ "NCUA Selects Public Service Credit Union to Absorb Norlarco" (Press release). NCUA. 2008-01-24. Retrieved 2008-10-12.
  100. ^ "St. Luke Baptist Federal Credit Union Closes" (Press release). NCUA. 2008-05-05. Retrieved 2008-10-12.
  101. ^ "Father Burke Federal Credit Union Closes" (Press release). NCUA. 2008-05-12. Retrieved 2008-10-12.
  102. ^ "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.
  103. ^ "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.
  104. ^ "Meriden F.A. Federal Credit Union Closes" (Press release). NCUA. 2008-07-16. Retrieved 2008-10-12.
  105. ^ "New London Security FCU Closes" (Press release). NCUA. 2008-07-28. Retrieved 2008-10-12.
  106. ^ "CPM Federal Credit Union Now Serves Members of Liquidated Port Trust FCU" (Press release). NCUA. 2008-09-08. Retrieved 2008-10-12.
  107. ^ "Interfaith Federal Credit Union Closes" (Press release). NCUA. 2008-09-17. Retrieved 2008-10-12.
  108. ^ "Kaiperm Federal Credit Union Liquidated; Members Now Served by Alliant Credit Union" (Press release). NCUA. 2008-09-29. Retrieved 2008-10-12.
  109. ^ "TEXDOT-WF Credit Union Closes; Members Now Served by Postel Family Credit Union" (Press release). NCUA. 2008-10-03. Retrieved 2008-10-12.
  110. ^ "N&W Poca Division Federal Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-10-12.
  111. ^ "West Hardford Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-12-09.
  112. ^ "Valley Credit Union Closes" (Press release). NCUA. 2009-1-2. Retrieved 2009-1-13. {{cite press release}}: Check date values in: |accessdate= and |date= (help)
  113. ^ "Center Valley Credit Union Closes" (Press release). NCUA. 2009-2-16. Retrieved 2009-2-13. {{cite press release}}: Check date values in: |accessdate= and |date= (help)
  114. ^ "NCUA Conserves U.S. Central and Western Corporate Credit Unions" (Press release). NCUA. 2009-3-20. Retrieved 2009-3-20. {{cite press release}}: Check date values in: |accessdate= and |date= (help)
  115. ^ "NCUA Conserves U.S. Central and Western Corporate Credit Unions" (Press release). NCUA. 2009-3-20. Retrieved 2009-3-20. {{cite press release}}: Check date values in: |accessdate= and |date= (help)
  116. ^ "UPDATE 3-London Scottish Bank enters administration". Reuters. Thomson Reuters. 2008-12-01. Retrieved 2008-12-01.
  117. ^ "Latvia takes over 2nd largest bank as crisis hits". Reuters. 2008-11-08. Retrieved 2008-11-08.
  118. ^ "HIGHLIGHTS-Britain nationalises Bradford & Bingley". Reuters. 2008-09-29. Retrieved 2008-09-29.
  119. ^ Ellis, David (2008-09-29). "Citigroup buys Wachovia bank assets for $2.2B". CNN. Retrieved 2008-09-29. {{cite news}}: Check date values in: |date= (help); Cite has empty unknown parameter: |1= (help)
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