List of banks acquired or bankrupted during the Great Recession

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This is a list of financial institutions that have been affected by the Financial crisis of 2007–2008. 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 8, 2008 United Kingdom Derbyshire Building Society United Kingdom Nationwide Building Society Building society £7.1×10^9 [7]
September 8, 2008 United Kingdom Cheshire Building Society United Kingdom Nationwide Building Society Building society £4.9×10^9 [8]
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 [9]
September 16, 2008 - Presumed United States American International Group, New York City United States United States federal governmentA Insurance company $8.5×10^10 [10]
September 17, 2008 - United States Lehman Brothers, New York City B United Kingdom Barclays plc Investment bank $1.3×10^9 [11]
September 18, 2008 - Presumed United Kingdom HBOS United Kingdom Lloyds TSB Diversified financial services $2.185×10^10 [12]
September 26, 2008 United States Washington Mutual, Seattle, Washington United States JPMorgan Chase, New York City Savings and loan association $1.9×10^9 [13]
September 26, 2008 United States Lehman BrothersC Japan Nomura Holdings Investment bank $2 [14]
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 [15]
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 [16]
September 30, 2008 Belgium Dexia Belgium France Luxembourg The Belgian, French and Luxembourg governments Public finance and retail [17]
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 [18]
October 7, 2008 Iceland Landsbanki Iceland Icelandic Financial Supervisory Authority Commercial Bank [19][20]
October 8, 2008 Iceland Glitnir Iceland Icelandic Financial Supervisory Authority Commercial bank [21][22]
October 9, 2008 Iceland Kaupthing Bank Iceland Icelandic Financial Supervisory Authority Commercial bank [23][24]
October 9, 2008 Australia BankWest (subsidiary of HBOS) Australia Commonwealth Bank of Australia Bank £1.2×10^9 [25]
October 13, 2008 United States Sovereign Bank, Wyomissing, Pennsylvania Spain Banco Santander SA Bank $1.9×10^9 [26]
October 22, 2008 United Kingdom Barnsley Building Society United Kingdom Yorkshire Building Society Building society £376,000,000 [27]
October 24, 2008 United States National City Bank, Cleveland, Ohio United States PNC Financial Services, Pittsburg, Pennsylvania Bank $5.58×10^9 [28]
October 24, 2008 United States Commerce Bancorp, Cherry Hill, New Jersey Canada Toronto-Dominion Bank, Toronto, Canada Bank $8.5×10^9 [29]
November 4, 2008 United Kingdom Scarborough Building Society United Kingdom Skipton Building Society Building Society [30]
January 10, 2009 United States Indymac Bank United States IMB Management Holdings Bank $1.39×10^10 [31]
January 15, 2009 Republic of Ireland Anglo Irish Bank Republic of Ireland Government of the Republic of Ireland Bank [32]

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 [33][34]
October 13, 2008 United Kingdom HBOS (up to 43.5% Bought) United Kingdom Her Majesty's Government Bank £1.3×10^10 [35][36]
October 13, 2008 United Kingdom Lloyds TSB (up to 43.5% Bought) United Kingdom Her Majesty's Government Bank £4×10^9 [37]

Failures

United States

Banks bankrupt, filed for bankruptcy protection, or closed and received by the FDIC [1]

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 [38]
September 28, 2007 NetBank, Alpharetta, Georgia ING Direct, Wilmington, Delaware; FDIC Retail and mortgage bank [39][40]
October 4, 2007 Miami Valley Bank, Lakeview, Ohio Citizens Banking Corp, Sandusky, Ohio; FDIC [41][42]
January 25, 2008 Douglass National Bank, Kansas City, Missouri Liberty Bank and Trust Company, New Orleans, Louisiana; FDIC [43]
March 7, 2008 Hume Bank, Hume, Missouri Security Bank, Rich Hill, Missouri; FDIC [44]
May 9, 2008 ANB Financial, Bentonville, Arkansas Pulaski Bank and Trust Company, Little Rock, Arkansas; FDIC [45]
May 30, 2008 First Integrity Bank, Staples, Minnesota First International Bank and Trust, Watford City, North Dakota; FDIC [46]
July 11, 2008 IndyMac Bank, Pasadena, California IndyMac Federal Bank, an 'interim' bank set up for disposal of assets; FDIC savings and loan association [47]
July 25, 2008 First National Bank of Nevada, Reno, Nevada; First Heritage Bank, Newport Beach, California Mutual of Omaha, Omaha, Nebraska; FDIC [48]
August 1, 2008 First Priority Bank, Bradenton, Florida SunTrust Bank, Atlanta, Georgia; FDIC [49]
August 22, 2008 The Columbian Bank and Trust Company, Topeka, Kansas Citizens Bank & Trust, Chillicothe, Missouri; FDIC [50]
August 29, 2008 Integrity Bank, Alpharetta, Georgia Regions Bank, Birmingham, Alabama; FDIC [51]
September 5, 2008 Silver State Bank, Henderson, Nevada Nevada State Bank, Las Vegas, Nevada; National Bank of Arizona; FDIC [52]
September 15, 2008 Lehman Brothers, New York City, New York (filed for bankruptcy protection) Investment bank [53]
September 19, 2008 AmeriBank, Northfork, West Virginia Pioneer Community Bank, Iaeger, West Virginia; The Citizen's Saving Bank, Martins Ferry, Ohio; FDIC [54]
September 25, 2008 Washington Mutual, Seattle, Washington JPMorgan Chase; FDIC savings and loan association [55]
October 10, 2008 Main Street Bank, Northville, Michigan Monroe Bank & Trust, Monroe, Michigan; FDIC Commercial bank [56]
October 10, 2008 Meridian Bank, Eldred, Illinois National Bank, Hillsboro, Illinois; FDIC Commercial bank [57]
October 24, 2008 Alpha Bank & Trust, Alpharetta, Georgia Stearns Bank, National Association, St. Cloud, Minnesota; FDIC Commercial bank [58]
October 31, 2008 Freedom Bank, Bradenton, Florida Fifth Third Bank, Cincinnati, Ohio; FDIC Commercial bank [59]
November 7, 2008 Franklin Bank, S.S.B, Houston, Texas Prosperity Bank, El Campo, Texas; FDIC [60]
November 7, 2008 Security Pacific Bank, Los Angeles, California Pacific Western Bank, Los Angeles, California; FDIC Commercial bank [61]
November 21, 2008 The Community Bank, Loganville, Georgia Bank of Essex, Tappahannock, Virginia; FDIC Commercial bank [62]
November 21, 2008 Downey Savings and Loan, Newport Beach, California U.S. Bank, Minneapolis, Minnesota; FDIC Savings and loan association [63]
November 21, 2008 PFF Bank and Trust, Pomona, California U.S. Bank, Minneapolis, Minnesota; FDIC Savings and loan association [64]
December 5, 2008 First Georgia Community Bank, Jackson, Georgia United Bank, Zebulon, Georgia; FDIC Commercial Bank [65]
December 12, 2008 Haven Trust Bank, Duluth, Georgia BB&T Company, Winston-Salem, North Carolina; FDIC Commercial Bank [66]
December 12, 2008 Sanderson State Bank, Sanderson, Texas The Pecos County State Bank, Fort Stockton, Texas; FDIC Commercial Bank [67]
January 16, 2009 National Bank of Commerce, Berkeley, Illinois Republic Bank of Chicago, Oak Brook, Illinois; FDIC Commercial Bank [68]
January 16, 2009 Bank of Clark County, Vancouver, Washington Umpqua Bank, Roseburg, Oregon; FDIC Commercial Bank [69]
January 23, 2009 1st Centennial Bank, Redlands, California First California Bank, Westlake Village, California; FDIC Commercial Bank [70]

Credit Unions closed and liquidated or sold by the NCUA National Credit Union Administration

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 [71]
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 [72]
November 28, 2007 Huron River Credit Union, Ann Arbor, Michigan Detroit Edison Credit Union, Detroit, Michigan credit union [73]
January 24, 2008 Norlarco Federal Credit Union, Ft. Collins, Colorado Public Service Credit Union, Denver, Colorado credit union [74]
May 3, 2008 St. Luke Baptist Federal Credit Union, Laurelton, New York closed and liquidated by NCUA credit union [75]
May 12, 2008 Father Burke Federal Credit Union, Bronx, New York closed and liquidated by NCUA credit union [76]
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 [77]
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 [78]
July 16, 2008 Meridan F.A. Federal Credit Union, Meriden, Connecticut closed and liquidated by NCUA credit union [79]
July 28, 2008 New London Security Federal Credit Union, New London, Connecticut closed and liquidated by NCUA credit union [80]
August 8, 2008 Port Trust Federal Credit Union, Charleston, South Carolina CPM Federal Credit Union, North Charleston, South Carolina credit union [81]
September 17, 2008 Interfaith Federal Credit Union, East Orange, New Jersey closed and liquidated by NCUA credit union [82]
September 29, 2008 Kaiperm Federal Credit Union, Oakland, California Alliant Credit Union, Chicago, Illinois credit union [83]
October 3, 2008 TEXDOT-WF Credit Union, Wichita Falls, Texas Postal Family Credit Union, Wichita Falls, Texas credit union [84]
October 6, 2008 N&W Poca Division Federal Credit Union, Bluefield, West Virginia closed and liquidated by NCUA credit union [85]
December 5, 2008 West Hartford Credit Union, Farmington, Connecticut closed and liquidated by NCUA credit union [86]
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 [87]

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 [88]

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 [89]

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. ^ "Mergers of Nationwide with The Derbyshire and The Cheshire Building Societies". 2008-09-08.
  8. ^ "The Cheshire to merge with Nationwide". 2008-09-08.
  9. ^ 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)
  10. ^ 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)
  11. ^ 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)
  12. ^ AP (2008-09-18). "Lloyds TSB confirms deal to take over HBOS PLC". International Herald Tribune.
  13. ^ 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)
  14. ^ a b KyodoNews (2008-9-26). "Nomura pays only $2 for Lehman Brothers European unit". JapanToday. {{cite news}}: Check date values in: |date= (help)
  15. ^ "Banco Santander SA buys the banking assets of Bradford & Bingley". Bloomberg. 2008-9-29. {{cite news}}: Check date values in: |date= (help)
  16. ^ 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)
  17. ^ "Second Belgian bank gets bail-out". BBC News. 2008-09-30. Retrieved 2008-09-30. {{cite news}}: Cite has empty unknown parameter: |1= (help)
  18. ^ a b David Mildenberg,Josh Fineman (2008-10-3). "Wells Fargo merger with Wachovia". Bloomberg. {{cite news}}: Check date values in: |date= (help)
  19. ^ 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)
  20. ^ Landsbanki Íslands, Press release: Landsbanki's Operations Continued Under Unchanged Management (October 07, 2008)
  21. ^ 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)
  22. ^ Glitnir Bank, News: Glitnir's Operations Continued – Lárus Welding to continue as CEO (08.10.2008)
  23. ^ 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)
  24. ^ Kaupthing Bank, Press release: Kaupthing Bank turns to the Icelandic FSA (2008.10.09)
  25. ^ Australian assets sale boosts HBOS funds
  26. ^ "Spanish bank to buy Sovereign - $1.9B". CNN Money. 2008-10-13. Retrieved 2008-10-17. {{cite news}}: Check date values in: |date= (help)
  27. ^ "Barnsley Building Society rescued". BBC News. 2008-10-22. Retrieved 2008-10-22. {{cite news}}: Check date values in: |date= (help)
  28. ^ Mark Calvey (2008-10-24). "PNC buy troubled National Bank". San Francisco Business Times. {{cite news}}: Check date values in: |date= (help)
  29. ^ "Candian Bank buy Commerce". Philadelphia Business Journal. 2008-10-30. {{cite news}}: Check date values in: |date= (help)
  30. ^ "Scarborough merger with Skipton". telegraph.co.uk. 2008-11-04. {{cite news}}: Check date values in: |date= (help)
  31. ^ {{Cite news|url=http://www.nytimes.com/2009/01/11/business/11gret.html%7Ctitle=Indymac finds a buyer|publisher=New York Times|date=2009-1-10
  32. ^ http://news.bbc.co.uk/1/hi/business/7832203.stm
  33. ^ Royal Bank of Scotland under state control
  34. ^ 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
  35. ^ Royal Bank of Scotland under state control
  36. ^ 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
  37. ^ 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
  38. ^ "FDIC Approves the Assumption of the Insured Deposits of Metropolitan Savings Bank, Pittsburgh, Pennsylvania" (Press release). FDIC. 2007-02-02.
  39. ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2007-09-28.
  40. ^ "ING wins from online bank failure". BBC News. 2008-09-30.
  41. ^ "Bank Closing Information for Miami Valley Bank, Lakeview, Ohio". FDIC. 2007-10-04.
  42. ^ "Miami Valley becomes year's 3rd failed bank - FDIC". Reuters. 2008-10-04.
  43. ^ "FDIC Approves the Assumption of all the Deposits of Douglass National Bank, Kansas City, Missouri" (Press release). FDIC. 2008-01-25.
  44. ^ "FDIC Approves the Assumption of the Insured Deposits of Hume Bank, Hume, Missouri" (Press release). FDIC. 2008-03-07.
  45. ^ "FDIC Approves the Assumption of the Insured Deposits of ANB Financial, National Association, Bentonville, Arkansas" (Press release). FDIC. 2008-05-09.
  46. ^ "FDIC Approves the Assumption of All the Deposits of First Integrity Bank, National Association, Staples, Minnesota" (Press release). FDIC. 2008-05-30.
  47. ^ "FDIC Establishes IndyMac Federal Bank, FSB as Successor to IndyMac Bank, F.S.B., Pasadena, California". FDIC. 2008-07-11.
  48. ^ "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.
  49. ^ "SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida" (Press release). FDIC. 2008-08-01.
  50. ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2008-08-22.
  51. ^ "Failed Bank Information: Integrity Bank, Alpharetta, GA Closing Information". FDIC. 2008-08-29.
  52. ^ "Failed Bank Information: Silver State Bank, Henderson, NV Closing Information". FDIC. 2008-09-05.
  53. ^ "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.
  54. ^ "Pioneer Community Bank, Inc., and the Citizens Savings Bank Acquire All Deposits of Ameribank, Inc., Northfork, West Virginia" (Press release). FDIC. 2008-09-19.
  55. ^ "JPMorgan Chase Acquires Banking Operations of Washington Mutual" (Press release). FDIC. 2008-09-19.
  56. ^ "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)
  57. ^ "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)
  58. ^ "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)
  59. ^ "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)
  60. ^ "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)
  61. ^ "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)
  62. ^ "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)
  63. ^ "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)
  64. ^ "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)
  65. ^ "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)
  66. ^ "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)
  67. ^ "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)
  68. ^ "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)
  69. ^ "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)
  70. ^ "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)
  71. ^ "Sharebuilders Federal Credit Union Closes" (Press release). NCUA. 2008-05-09. Retrieved 2008-10-12.
  72. ^ "NCUA Closes Green Tree Federal Credit Union" (Press release). NCUA. 2008-11-02. Retrieved 2008-10-12.
  73. ^ "Huron River Credit Union Liquidated; Members Now Served by Detroit Edison Credit Union" (Press release). NCUA. 2008-11-28. Retrieved 2008-10-12.
  74. ^ "NCUA Selects Public Service Credit Union to Absorb Norlarco" (Press release). NCUA. 2008-01-24. Retrieved 2008-10-12.
  75. ^ "St. Luke Baptist Federal Credit Union Closes" (Press release). NCUA. 2008-05-05. Retrieved 2008-10-12.
  76. ^ "Father Burke Federal Credit Union Closes" (Press release). NCUA. 2008-05-12. Retrieved 2008-10-12.
  77. ^ "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.
  78. ^ "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.
  79. ^ "Meriden F.A. Federal Credit Union Closes" (Press release). NCUA. 2008-07-16. Retrieved 2008-10-12.
  80. ^ "New London Security FCU Closes" (Press release). NCUA. 2008-07-28. Retrieved 2008-10-12.
  81. ^ "CPM Federal Credit Union Now Serves Members of Liquidated Port Trust FCU" (Press release). NCUA. 2008-09-08. Retrieved 2008-10-12.
  82. ^ "Interfaith Federal Credit Union Closes" (Press release). NCUA. 2008-09-17. Retrieved 2008-10-12.
  83. ^ "Kaiperm Federal Credit Union Liquidated; Members Now Served by Alliant Credit Union" (Press release). NCUA. 2008-09-29. Retrieved 2008-10-12.
  84. ^ "TEXDOT-WF Credit Union Closes; Members Now Served by Postel Family Credit Union" (Press release). NCUA. 2008-10-03. Retrieved 2008-10-12.
  85. ^ "N&W Poca Division Federal Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-10-12.
  86. ^ "West Hardford Credit Union Closes" (Press release). NCUA. 2008-10-06. Retrieved 2008-12-09.
  87. ^ "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)
  88. ^ "UPDATE 3-London Scottish Bank enters administration". Reuters. Thomson Reuters. 2008-12-01. Retrieved 2008-12-01.
  89. ^ "Latvia takes over 2nd largest bank as crisis hits". Reuters. 2008-11-08. Retrieved 2008-11-08.
  90. ^ "HIGHLIGHTS-Britain nationalises Bradford & Bingley". Reuters. 2008-09-29. Retrieved 2008-09-29.
  91. ^ 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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