List of banks acquired or bankrupted during the Great Recession
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
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 | ![]() |
![]() |
Bank | £2×10 10 | [39][40] |
October 13, 2008 | ![]() |
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Bank | £1.3×10 10 | [41][42] |
October 13, 2008 | ![]() |
![]() |
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
- ^A Acquired a nearly 80% share in exchange for a US$85 billion loan, yet to be approved by acquiree's shareholders.[13]
- ^B Only trading assets, trading liabilities, and head offices were acquired.[14]
- ^C Only European and Middle Eastern equities and investment banking operations were acquired.[17]
- ^D Grupo Santander only acquired the savings portion of Bradford & Bingley; the company's loan portfolio was nationalised by the UK government.[118]
- ^E Only retail and investment banking subsidiaries will be acquired if the Citigroup deal took place.[119]
- ^F Wells Fargo made a second agreement that cancelled out the Citigroup deal. Citigroup is taking legal action.[21]
- ^G Per the The Heritable Bank plc Transfer of Certain Rights and Liabilities Order 2008
- ^H Per the The Kaupthing Singer & Friedlander Limited Transfer of Certain Rights and Liabilities Order 2008
References
- ^ "UK government nationalised Northern rock". BBC. 2008-02-17.
- ^ White, Ben (May 29), "Bear Stearns passes into Wall Street history", Financial Times
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and|year=
/|date=
mismatch (help) - ^ Steve Hodge (2008-09-05). "Catholic society offers merger bonuses". Financial Times.
- ^ Associated Press (2008-07-01). "Bank of America completes deal for Countrywide Financial". San Jose Mercury News.
- ^ "Santander agrees £1.2bn A&L deal". BBC News. 14 July 2008. Retrieved 2008-07-14.
{{cite news}}
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(help) - ^ McLaughlin, Kim (2008-08-26). "Danish central bank buys out ailing Roskilde bank". Reuters. Thomson Reuters. Retrieved 2008-10-05.
{{cite news}}
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ignored (|author=
suggested) (help) - ^ 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) - ^
"Fact Sheet: Questions and Answers on Conservatorship" (PDF). Federal Housing Finance Agency. 2008-09-07. Retrieved 2008-09-07.
{{cite news}}
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(help) - ^
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}}
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ignored (|author=
suggested) (help) - ^ "Mergers of Nationwide with The Derbyshire and The Cheshire Building Societies". 2008-09-08.
- ^ "The Cheshire to merge with Nationwide". 2008-09-08.
- ^ 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) - ^ a b Edmund L. Andrews, ; et al. (2008-09-16). "Fed's $85 Billion Loan Rescues Insurer". The New York Times.
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(help); Explicit use of et al. in:|author=
(help) - ^ a b BBC,; et al. (2008-09-17). "Judge approve 1.3 billion deal". BBC.
{{cite news}}
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(help) - ^ AP (2008-09-18). "Lloyds TSB confirms deal to take over HBOS PLC". International Herald Tribune.
- ^ BBC,; et al. (2008-9-26). "Regulator sells WaMu to JPMorgan Chase".
{{cite news}}
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(help); Explicit use of et al. in:|author=
(help) - ^ a b KyodoNews (2008-9-26). "Nomura pays only $2 for Lehman Brothers European unit". JapanToday.
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(help) - ^ "Banco Santander SA buys the banking assets of Bradford & Bingley". Bloomberg. 2008-9-29.
{{cite news}}
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(help) - ^ Clark, Nick (2008-09-30). "Fortis gets €11bn lifeline from three governments". The Independent. Retrieved 2008-09-30.
{{cite news}}
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(help) - ^ "Second Belgian bank gets bail-out". BBC News. 2008-09-30. Retrieved 2008-09-30.
{{cite news}}
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(help) - ^ a b David Mildenberg,Josh Fineman (2008-10-3). "Wells Fargo merger with Wachovia". Bloomberg.
{{cite news}}
: Check date values in:|date=
(help) - ^ 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)
- ^ Landsbanki Íslands, Press release: Landsbanki's Operations Continued Under Unchanged Management (October 07, 2008)
- ^ 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)
- ^ Glitnir Bank, News: Glitnir's Operations Continued – Lárus Welding to continue as CEO (08.10.2008)
- ^ 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)
- ^ Kaupthing Bank, Press release: Kaupthing Bank turns to the Icelandic FSA (2008.10.09)
- ^ Australian assets sale boosts HBOS funds
- ^ "Spanish bank to buy Sovereign - $1.9B". CNN Money. 2008-10-13. Retrieved 2008-10-17.
{{cite news}}
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(help) - ^ "Barnsley Building Society rescued". BBC News. 2008-10-22. Retrieved 2008-10-22.
{{cite news}}
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(help) - ^ Mark Calvey (2008-10-24). "PNC buy troubled National Bank". San Francisco Business Times.
{{cite news}}
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(help) - ^ "Candian Bank buy Commerce". Philadelphia Business Journal. 2008-10-30.
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(help) - ^ "Scarborough merger with Skipton". telegraph.co.uk. 2008-11-04.
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(help) - ^ "Indymac finds a buyer". New York Times. 2009-01-10.
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(help) - ^ http://news.bbc.co.uk/1/hi/business/7832203.stm
- ^ http://news.bbc.co.uk/2/hi/business/7902667.stm
- ^ http://www.ft.com/cms/s/0/22db4400-0c86-11de-a555-0000779fd2ac.html
- ^ http://news.bbc.co.uk/1/hi/scotland/7971244.stm
- ^ Royal Bank of Scotland under state control
- ^ 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
- ^ Royal Bank of Scotland under state control
- ^ 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
- ^ 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
- ^ "Committee for a Responsible Federal Budget: Stimulus Watch". 2009-02-09.
- ^ "FDIC Approves the Assumption of the Insured Deposits of Metropolitan Savings Bank, Pittsburgh, Pennsylvania" (Press release). FDIC. 2007-02-02.
- ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2007-09-28.
- ^ "ING wins from online bank failure". BBC News. 2008-09-30.
- ^ "Bank Closing Information for Miami Valley Bank, Lakeview, Ohio". FDIC. 2007-10-04.
- ^ "Miami Valley becomes year's 3rd failed bank - FDIC". Reuters. 2008-10-04.
- ^ "FDIC Approves the Assumption of all the Deposits of Douglass National Bank, Kansas City, Missouri" (Press release). FDIC. 2008-01-25.
- ^ "FDIC Approves the Assumption of the Insured Deposits of Hume Bank, Hume, Missouri" (Press release). FDIC. 2008-03-07.
- ^ "FDIC Approves the Assumption of the Insured Deposits of ANB Financial, National Association, Bentonville, Arkansas" (Press release). FDIC. 2008-05-09.
- ^ "FDIC Approves the Assumption of All the Deposits of First Integrity Bank, National Association, Staples, Minnesota" (Press release). FDIC. 2008-05-30.
- ^ "FDIC Establishes IndyMac Federal Bank, FSB as Successor to IndyMac Bank, F.S.B., Pasadena, California". FDIC. 2008-07-11.
- ^ "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.
- ^ "SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida" (Press release). FDIC. 2008-08-01.
- ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2008-08-22.
- ^ "Failed Bank Information: Integrity Bank, Alpharetta, GA Closing Information". FDIC. 2008-08-29.
- ^ "Failed Bank Information: Silver State Bank, Henderson, NV Closing Information". FDIC. 2008-09-05.
- ^ "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.
- ^ "Pioneer Community Bank, Inc., and the Citizens Savings Bank Acquire All Deposits of Ameribank, Inc., Northfork, West Virginia" (Press release). FDIC. 2008-09-19.
- ^ "JPMorgan Chase Acquires Banking Operations of Washington Mutual" (Press release). FDIC. 2008-09-19.
- ^ "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}}
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(help) - ^ "National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois" (Press release). FDIC. 2008-10-10. Retrieved 2008-10-10.
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(help) - ^ "Stearns Bank, National Association Acquires the Insured Deposits of Alpha Bank & Trust, Alpharetta, GA" (Press release). FDIC. 2008-10-24. Retrieved 2008-10-24.
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(help) - ^ "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}}
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(help) - ^ "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}}
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(help) - ^ "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) - ^ "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) - ^ "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) - ^ "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}}
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(help) - ^ "United Bank Acquires All the Deposits of First Georgia Community Bank, Jackson, Georgia" (Press release). FDIC. 2008-12-05.
{{cite press release}}
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(help) - ^ "BB&T Company Acquires All the Deposits of Haven Trust Bank, Duluth, Georgia" (Press release). FDIC. 2008-12-12.
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(help) - ^ "The Pecos County Bank Acquires All the Deposits of Sanderson State Bank, Sanderson, Texas" (Press release). FDIC. 2008-12-12.
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(help) - ^ "Republic Bank of Chicago Acquires All the Deposits of National Bank of Commerce, Berkeley, IL" (Press release). FDIC. 2008-01-16.
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(help) - ^ "Umpqua Bank Acquires the Insured Deposits of Bank of Clark County, Vancouver, WA" (Press release). FDIC. 2008-01-16.
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(help) - ^ "First California Bank, Westlake Village, CA, Acquires the Insured Deposits of 1st Centennial Bank, Redlands, CA" (Press release). FDIC. 2008-01-23.
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(help) - ^ "FDIC Approves the Payout of the Insured Deposits of MagnetBank, Salt Lake City, Utah" (Press release). FDIC. 2008-01-30.
{{cite press release}}
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(help) - ^ "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}}
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(help) - ^ "CenterState Bank Acquires All the Deposits of Ocala National Bank, Ocala, Florida" (Press release). FDIC. 2008-01-30.
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(help) - ^ "Regions Bank, Birmingham, AL, Acquires All the Deposits of FirstBank Financial Services, McDonough, GA" (Press release). FDIC. 2009-02-06.
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(help) - ^ "California Bank and Trust, San Diego, CA, Acquires All of the Deposits of Alliance Bank, Culver City, CA" (Press release). FDIC. 2009-02-06.
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(help) - ^ "Westamerica Bank, San Rafael, California, Acquires All the Deposits of County Bank, Merced, California" (Press release). FDIC. 2009-02-06.
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(help) - ^ "Heritage Bank, Wood River, Nebraska, Assumes All the Deposits of Sherman County Bank, Loup City, Nebraska" (Press release). FDIC. 2009-02-13.
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(help) - ^ "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.
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(help) - ^ "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.
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(help) - ^ "Washington Trust Bank, Spokane, Washington, Acquires All of the Deposits of Pinnacle Bank, Beaverton, Oregon" (Press release). FDIC. 2009-02-13.
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(help) - ^ "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.
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(help) - ^ "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.
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(help) - ^ "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.
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(help) - ^ "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.
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(help) - ^ "FDIC Approves the Payout of Insured Deposits of FirstCity Bank, Stockbridge, Georgia" (Press release). FDIC. 2009-03-20. Retrieved 2009-03-20.
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(help) - ^ "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.
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(help) - ^ "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.
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(help) - ^ "SunTrust Bank, Atlanta, Georgia, Receives the Insured Deposits of Omni National Bank, Atlanta, Georgia" (Press release). FDIC. 2009-03-27. Retrieved 2009-03-29.
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(help) - ^ "Sharebuilders Federal Credit Union Closes" (Press release). NCUA. 2008-05-09. Retrieved 2008-10-12.
- ^ "NCUA Closes Green Tree Federal Credit Union" (Press release). NCUA. 2008-11-02. Retrieved 2008-10-12.
- ^ "Huron River Credit Union Liquidated; Members Now Served by Detroit Edison Credit Union" (Press release). NCUA. 2008-11-28. Retrieved 2008-10-12.
- ^ "NCUA Selects Public Service Credit Union to Absorb Norlarco" (Press release). NCUA. 2008-01-24. Retrieved 2008-10-12.
- ^ "St. Luke Baptist Federal Credit Union Closes" (Press release). NCUA. 2008-05-05. Retrieved 2008-10-12.
- ^ "Father Burke Federal Credit Union Closes" (Press release). NCUA. 2008-05-12. Retrieved 2008-10-12.
- ^ "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.
- ^ "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.
- ^ "Meriden F.A. Federal Credit Union Closes" (Press release). NCUA. 2008-07-16. Retrieved 2008-10-12.
- ^ "New London Security FCU Closes" (Press release). NCUA. 2008-07-28. Retrieved 2008-10-12.
- ^ "CPM Federal Credit Union Now Serves Members of Liquidated Port Trust FCU" (Press release). NCUA. 2008-09-08. Retrieved 2008-10-12.
- ^ "Interfaith Federal Credit Union Closes" (Press release). NCUA. 2008-09-17. Retrieved 2008-10-12.
- ^ "Kaiperm Federal Credit Union Liquidated; Members Now Served by Alliant Credit Union" (Press release). NCUA. 2008-09-29. Retrieved 2008-10-12.
- ^ "TEXDOT-WF Credit Union Closes; Members Now Served by Postel Family Credit Union" (Press release). NCUA. 2008-10-03. Retrieved 2008-10-12.
- ^ "N&W Poca Division Federal Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-10-12.
- ^ "West Hardford Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-12-09.
- ^ "Valley Credit Union Closes" (Press release). NCUA. 2009-1-2. Retrieved 2009-1-13.
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(help) - ^ "Center Valley Credit Union Closes" (Press release). NCUA. 2009-2-16. Retrieved 2009-2-13.
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(help) - ^ "NCUA Conserves U.S. Central and Western Corporate Credit Unions" (Press release). NCUA. 2009-3-20. Retrieved 2009-3-20.
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(help) - ^ "NCUA Conserves U.S. Central and Western Corporate Credit Unions" (Press release). NCUA. 2009-3-20. Retrieved 2009-3-20.
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(help) - ^ "UPDATE 3-London Scottish Bank enters administration". Reuters. Thomson Reuters. 2008-12-01. Retrieved 2008-12-01.
- ^ "Latvia takes over 2nd largest bank as crisis hits". Reuters. 2008-11-08. Retrieved 2008-11-08.
- ^ "HIGHLIGHTS-Britain nationalises Bradford & Bingley". Reuters. 2008-09-29. Retrieved 2008-09-29.
- ^ Ellis, David (2008-09-29). "Citigroup buys Wachovia bank assets for $2.2B". CNN. Retrieved 2008-09-29.
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