List of largest bank failures in the United States
This is an incomplete list of the largest U.S. bank failures with respect to total assets under management at the time of the bank failure (banks with $1.0 billion or more in assets are listed here). Assets of the banks listed here are figures provided by the Federal Deposit Insurance Corporation.
| Bank | City | State | Date | Assets at time of failure |
|---|---|---|---|---|
| Washington Mutual | Seattle | Washington | 2008 | $307 billion |
| Continental Illinois National Bank and Trust | Chicago | Illinois | 1984 | $40.0 billion |
| First Republic Bank | Dallas | Texas | 1988 | $32.5 billion |
| IndyMac | Pasadena | California | 2008 | $32 billion |
| American Savings and Loan | Stockton | California | 1988 | $30.2 billion |
| Colonial Bank | Montgomery | Alabama | 2009 | $25 billion |
| Bank of New England | Boston | Massachusetts | 1991 | $21.7 billion |
| MCorp | Dallas | Texas | 1989 | $18.5 billion |
| FBOP Corp banking subsidiaries | Oak Park | Illinois | 2009 | $18.4 billion |
| Gibraltar Savings and Loan | Simi Valley | California | 1989 | $15.1 billion |
| First City National Bank | Houston | Texas | 1988 | $13.0 billion |
| Guaranty Bank | Austin | Texas | 2009 | $13.0 billion |
| Downey Savings and Loan | Newport Beach | California | 2008 | $12.8 billion |
| BankUnited FSB | Coral Gables | Florida | 2009 | $12.8 billion |
| HomeFed Bank | San Diego | California | 1992 | $12.2 billion |
| AmTrust Bank | Cleveland | Ohio | 2009 | $12.0 billion |
| WesternBank | Mayaguez | Puerto Rico | 2010 | $11.9 billion |
| United Commercial Bank | San Francisco | California | 2009 | $11.2 billion |
| Southeast Bank | Miami | Florida | 1991 | $11.0 billion |
| Goldome | Buffalo | New York | 1991 | $9.9 billion |
| California National Bank | Los Angeles | California | 2009 | $7.8 billion |
| Corus Bank | Chicago | Illinois | 2009 | $7.0 billion |
| First Federal Bank of California | Santa Monica | California | 2009 | $6.1 billion |
| R-G Premier Bank of Puerto Rico | Hato Rey | Puerto Rico | 2010 | $5.9 billion |
| Franklin Bank | Houston | Texas | 2008 | $5.1 billion |
| Silverton Bank | Atlanta | Georgia | 2009 | $4.1 billion |
| Imperial Capital Bank | La Jolla | California | 2009 | $4.0 billion |
| PFF Bank & Trust | Pomona | California | 2008 | $3.7 billion |
| La Jolla Bank | La Jolla | California | 2010 | $3.6 billion |
| Frontier Bank | Everett | Washington | 2010 | $3.5 billion |
| Amcore Bank | Rockford | Illinois | 2010 | $3.4 billion |
| First National Bank of Nevada | Reno | Nevada | 2008 | $3.4 billion |
| Riverside National Bank of Florida | Fort Pierce | Florida | 2010 | $3.4 billion |
| Midwest Bank and Trust Company | Elmwood Park | Illinois | 2010 | $3.2 billion |
| Irwin Union Bank and Trust Colorado. | Columbus | Indiana | 2009 | $2.7 billion |
| Orion Bank | Naples | Florida | 2009 | $2.7 billion |
| EuroBank | San Juan | Puerto Rico | 2010 | $2.6 billion |
| ANB Financial | Bentonville | Arkansas | 2008 | $2.1 billion |
| First Regional Bank | Los Angeles | California | 2010 | $2.1 billion |
| Silver State Bank | Henderson | Nevada | 2008 | $2.0 billion |
| New Frontier Bank | Greeley | Colorado | 2009 | $2.0 billion |
| Georgian Bank | Atlanta | Georgia | 2009 | $2.0 billion |
| Vineyard Bank | Rancho Cucamonga | California | 2009 | $1.9 billion |
| Peoples First Community Bank | Panama City | Florida | 2009 | $1.8 billion |
| County Bank | Merced | California | 2009 | $1.7 billion |
| Advanta Bank Corp | Draper | Utah | 2010 | $1.6 billion |
| CF Bancorp | Port Huron | Michigan | 2010 | $1.6 billion |
| Mutual Bank | Harvey | Illinois | 2009 | $1.6 billion |
| Community Bank of Nevada | Las Vegas | Nevada | 2009 | $1.5 billion |
| First Bank of Beverly Hills | Calabasas | California | 2009 | $1.5 billion |
| Temecula Valley Bank | Temecula | California | 2009 | $1.5 billion |
| New South Federal Savings Bank | Irondale | Alabama | 2009 | $1.5 billion |
| Horizon Bank | Bellingham | Washington | 2010 | $1.3 billion |
| Broadway Bank | Chicago | Illinois | 2010 | $1.2 billion |
| Security Bank of Bibb County | Macon | Georgia | 2009 | $1.2 billion |
| Charter Bank | Santa Fe | New Mexico | 2010 | $1.2 billion |
| Alliance Bank | Culver City | California | 2009 | $1.1 billion |
| City Bank | Lynnwood | Washington | 2010 | $1.1 billion |
| Columbia River Bank | The Dalles | Oregon | 2010 | $1.1 billion |
| Community Bank and Trust | Cornelia | Georgia | 2010 | $1.1 billion |
| Integrity Bank | Alpharetta | Georgia | 2008 | $1.1 billion
|
| Affinity Bank | Ventura | California | 2009 | $1.0 billion |
| Appalachian Community Bank | Ellijay | Georgia | 2010 | $1.0 billion |
See also
- Bank failure
- Federal Deposit Insurance Corporation
- Financial crisis of 2007–2010
- 2008–2010 bank failures in the United States
- List of acquired or bankrupt United States banks in the late 2000s financial crisis
- Savings and loan crisis (which resulted in many bank failures)
- Too Big to Fail
External links
- Top 10 provided by Getlisty.com, which used the FDIC as its primary source; dated September 29, 2008.
- BusinessPundit.com lists the top 25 largest bank failures, but it includes non-U.S. banks; it is dated May 7, 2009.
- ABC News reported the largest U.S. bank failure of 2009, so far--as of September 2009
- A list from U.S. News and World Report, dated July 15, 2008.
- Wall Street Journal list of failed U.S. banks, with FDIC asset data, sortable, last update September 25, 2009
- List of 2009 bank failures from Calculatorplus.com
- The 120th bank to fail in the U.S., so far in 2009, had assets of $11.2 billion.
- Another bank failure with assets exceeding 1 billion.
- Two more large bank failures late in December 2009
- Two more large bank failures January 2010
- Another big bank failure January 2010