List of banks acquired or bankrupted in the United States during the financial crisis of 2007–08
This is a list of banks in the United States affected by the financial crisis of 2007–08. The list includes banks (including commercial banks, investment banks, and savings and loan associations) that have:
- been taken over or merged with another financial institution,
- been declared insolvent or liquidated, or
- filed for bankruptcy.
Banks bankrupt, filed for bankruptcy protection, or closed and received by the FDIC
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the presumed Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America. IndyMac Bank was also a large bank that was changed into a bridge bank by the FDIC, after its failure, until the funds can be disposed of. In addition, the investment bank Lehman Brothers has filed for Chapter 11 bankruptcy protection.
As a result of the current economic and financial crisis, over 65 U.S. banks have become insolvent and have been taken over by the FDIC since the beginning of 2008. Combined, these banks held over $55 billion in deposits, and the takeovers cost the federal government an estimated $17 billion.[1]
A list of all banks that have failed since October 1, 2000 and either have been liquidated or are being liquidated by the FDIC is located at http://www.fdic.gov/bank/individual/failed/banklist.html.
2007
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | References |
---|---|---|---|---|
February 2, 2007 | Metropolitan Savings Bank, Pittsburgh, Pennsylvania | Allegheny Valley Bank, Pittsburgh, Pennsylvania | [2] | |
September 28, 2007 | NetBank, Alpharetta, Georgia | ING Direct, Wilmington, Delaware | Retail and mortgage bank | [3][4] |
October 4, 2007 | Miami Valley Bank, Lakeview, Ohio | Citizens Banking Corp, Sandusky, Ohio | [5][6] 3 total in 2007 |
2008
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | References |
---|---|---|---|---|
January 25, 2008 | Douglass National Bank, Kansas City, Missouri | Liberty Bank and Trust Company, New Orleans, Louisiana | [7] | |
March 7, 2008 | Hume Bank, Hume, Missouri | Security Bank, Rich Hill, Missouri | [8] | |
May 9, 2008 | ANB Financial, Bentonville, Arkansas | Pulaski Bank and Trust Company, Little Rock, Arkansas | [9] | |
May 30, 2008 | First Integrity Bank, Staples, Minnesota | First International Bank and Trust, Watford City, North Dakota | [10] | |
July 11, 2008 | IndyMac Bank, Pasadena, California | IndyMac Federal Bank, an 'interim' bank set up by FDIC for disposal of assets | savings and loan association | [11] |
July 25, 2008 | First National Bank of Nevada, Reno, Nevada; First Heritage Bank, Newport Beach, California | Mutual of Omaha, Omaha, Nebraska | [12] | |
August 1, 2008 | First Priority Bank, Bradenton, Florida | SunTrust Bank, Atlanta, Georgia | [13] | |
August 22, 2008 | The Columbian Bank and Trust Company, Topeka, Kansas | Citizens Bank & Trust, Chillicothe, Missouri | [14] | |
August 29, 2008 | Integrity Bank, Alpharetta, Georgia | Regions Bank, Birmingham, Alabama | [15] | |
September 5, 2008 | Silver State Bank, Henderson, Nevada | Nevada State Bank, Las Vegas, Nevada | [16] | |
September 15, 2008 | Lehman Brothers, New York City, New York | (filed for Chapter 11 bankruptcy protection) | Investment bank | [17] |
September 19, 2008 | AmeriBank, Northfork, West Virginia | Pioneer Community Bank, Iaeger, West Virginia; The Citizen's Saving Bank, Martins Ferry, Ohio | Savings and loan association | [18] |
September 25, 2008 | Washington Mutual, Seattle, Washington | JPMorgan Chase | savings and loan association | [19] |
October 10, 2008 | Main Street Bank, Northville, Michigan | Monroe Bank & Trust, Monroe, Michigan | Commercial bank | [20] |
October 10, 2008 | Meridian Bank, Eldred, Illinois | National Bank, Hillsboro, Illinois | Commercial bank | [21] |
October 24, 2008 | Alpha Bank & Trust, Alpharetta, Georgia | Stearns Bank, National Association, St. Cloud, Minnesota | [22] | |
October 31, 2008 | Freedom Bank, Bradenton, Florida | Fifth Third Bank, Cincinnati, Ohio | Commercial bank | [23] |
November 7, 2008 | Franklin Bank, S.S.B, Houston, Texas | Prosperity Bank, El Campo, Texas | Savings and loan association | [24] |
November 7, 2008 | Security Pacific Bank, Los Angeles, California | Pacific Western Bank, Los Angeles, California | Commercial bank | [25] |
November 21, 2008 | The Community Bank, Loganville, Georgia | Bank of Essex, Tappahannock, Virginia | Commercial bank | [26] |
November 21, 2008 | Downey Savings and Loan, Newport Beach, California | U.S. Bank, Minneapolis, Minnesota | Savings and loan association | [27] |
November 21, 2008 | PFF Bank and Trust, Pomona, California | U.S. Bank, Minneapolis, Minnesota | Savings and loan association | [27] |
December 5, 2008 | First Georgia Community Bank, Jackson, Georgia | United Bank, Zebulon, Georgia | Commercial Bank | [28] |
December 12, 2008 | Haven Trust Bank, Duluth, Georgia | BB&T Company, Winston-Salem, North Carolina | Commercial Bank | [29] |
December 12, 2008 | Sanderson State Bank, Sanderson, Texas | The Pecos County State Bank, Fort Stockton, Texas | Commercial Bank | [30] |
December 31, 2008 | Wachovia Bank, Charlotte, North Carolina | Wells Fargo Bank, San Francisco, California | Commercial Bank | [31] 26 total in 2008 |
2009
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | References |
---|---|---|---|---|
January 16, 2009 | National Bank of Commerce, Berkeley, Illinois | Republic Bank of Chicago, Oak Brook, Illinois | Commercial Bank | [32] |
January 16, 2009 | Bank of Clark County, Vancouver, Washington | Umpqua Bank, Roseburg, Oregon | Commercial Bank | [32] |
January 23, 2009 | 1st Centennial Bank, Redlands, California | First California Bank, Westlake Village, California | Commercial Bank | [32] |
January 30, 2009 | MagnetBank, Salt Lake City, Utah | closed; FDIC payout of insured desposits | Commercial Bank | [32] |
January 30, 2009 | Suburban Federal Savings Bank, Crofton, Maryland | Bank of Essex, Tappahannock, Virginia | Savings and loan association | [32] |
January 30, 2009 | Ocala National Bank, Ocala, Florida | CenterState Bank of Florida, Winter Haven, Florida | Commercial Bank | [32] |
February 6, 2009 | FirstBank Financial Services, McDonough, Georgia | Regions Bank, Birmingham, Alabama | [32] | |
February 6, 2009 | Alliance Bank, Culver City, California | California Bank & Trust, San Diego, California | Commercial Bank | [32] |
February 6, 2009 | County Bank, Merced, California | Westamerica Bank, San Rafael, California | Commercial Bank | [32] |
February 13, 2009 | Sherman County Bank, Loup City, Nebraska | Heritage Bank, Wood River, Nebraska | Commercial Bank | [32] |
February 13, 2009 | Riverside Bank of the Gulf Coast, Cape Coral, Florida | TIB Bank, Naples, Florida | Commercial Bank | [32] |
February 13, 2009 | Corn Belt Bank and Trust Company, Pittsfield, Illinois | The Carlinville National Bank, Carlinville, Illinois | Commercial Bank | [32] |
February 13, 2009 | Pinnacle Bank, Beaverton, Oregon | Washington Trust Bank, Spokane, Washington | Commercial Bank | [32] |
February 20, 2009 | Silver Falls Bank, Silverton, Oregon | Citizens Bank, Corvallis, Oregon | Commercial Bank | [32] |
February 27, 2009 | Heritage Community Bank, Glenwood, Illinois | MB Financial Bank, N.A., Chicago Illinois | Commercial Bank | [32] |
February 27, 2009 | Security Savings Bank, Henderson, Nevada | Bank of Nevada, Las Vegas, Nevada | Commercial Bank | [32] |
March 6, 2009 | Freedom Bank of Georgia, Commerce, Georgia | Northeast Georgia Bank, Lavonia, Georgia | Commercial Bank | [32] |
March 20, 2009 | FirstCity Bank, Stockbridge, Georgia | closed; FDIC payout of insured deposits | Commercial Bank | [32] |
March 20, 2009 | Colorado National Bank, Colorado Springs, Colorado | Herring Bank, Amarillo, Texas | Commercial Bank | [32] |
March 20, 2009 | TeamBank, Paola, Kansas | Great Southern Bank, Springfield, Missouri | Commercial Bank | [32] |
March 27, 2009 | Omni National Bank, Atlanta, Georgia | SunTrust Bank, Atlanta, Georgia | Commercial bank | [32] |
April 10, 2009 | Cape Fear Bank, Wilmington, North Carolina | First Federal Savings and Loan Association of Charleston, Charleston, South Carolina | Savings and loan association | [32] |
April 10, 2009 | New Frontier Bank, Greeley, Colorado | Deposit Insurance National Bank of Greeley (interim bank created by FDIC), Greeley, Colordado | Commercial bank | [32] |
April 17, 2009 | American Sterling Bank, Sugar Creek, Missouri | Metcalf Bank, Lee's Summit, Missouri | Commercial bank | [32] |
April 17, 2009 | Great Basin Bank of Nevada, Elko, Nevada | Nevada State Bank, Las Vegas, Nevada | Commercial bank | [32] |
April 24, 2009 | American Southern Bank, Kennesaw, Georgia | Bank of North Georgia, Alpharetta, Georgia | Commercial bank | [32] |
April 24, 2009 | Michigan Heritage Bank, Farmington Hills, Michigan | Level One Bank, Farmington Hills, Michigan | Commercial bank | [32] |
April 24, 2009 | First Bank of Beverly Hills, Calabasas, California | closed; FDIC payout of insured desposits | Commercial bank | [32] |
April 24, 2009 | First Bank of Idaho, FSB, Ketchum, Idaho | U.S. Bank, Minneapolis, Minnesota | Savings and loan association | [32] |
May 1, 2009 | Silverton Bank, NA, Atlanta, Georgia | Silverton Bridge Bank, NA, Atlanta, Georgia | Correspondent bank | [32] |
May 1, 2009 | Citizens Community Bank, Ridgewood, New Jersey | North Jersey Community Bank, Englewood Cliffs, New Jersey | Commercial bank | [32] |
May 1, 2009 | America West Bank, Layton, Utah | Cache Valley Bank, Logan, Utah | Commercial bank | [32] |
May 8, 2009 | Westsound Bank, Bremerton, Washington | Kitsap Bank, Port Orchard, Washington | Commercial bank | [32] |
May 21, 2009 | BankUnited, FSB, Coral Gables, Florida | BankUnited, Coral Gables, Florida | Savings and loan association | [32] |
May 22, 2009 | Strategic Capital Bank, Champaign, Illinois | Midland States Bank, Effingham, IL | Commercial bank | [32] |
May 22, 2009 | Citizens National Bank, Macomb, Illinois | Morton Community Bank, Morton, Illinois | Commercial bank | [32] |
June 5, 2009 | Bank of Lincolnwood, Lincolnwood, Illinois | Republic Bank of Chicago, Oak Brook, Illinois | Commercial bank | [32] |
June 19, 2009 | Southern Community Bank, Fayetteville, Georgia | United Community Bank, Blairsville, Georgia | Commercial bank | [32] |
June 19, 2009 | Cooperative Bank, Wilmington, North Carolina | First Bank, Troy, North Carolina | Commercial bank | [32] |
June 19, 2009 | First National Bank of Anthory, Anthony, Kansas | Bank of Kansas, South Hutchinson, Kansas | Commercial bank | [32] |
June 26, 2009 | Community Bank of West Georgia, Villa Rica, Georgia | closed; FDIC payout of insured deposits | Commercial bank | [32] |
June 26, 2009 | Neighborhood Community Bank, Newnan, Georgia | Charter Bank, West Point, Georgia | Commercial bank | [32] |
June 26, 2009 | Horizon Bank, Pine City, Minnesota | Stearns Bank, N.A., St. Cloud, Minnesota | Commercial bank | [32] |
June 26, 2009 | Metro Pacific Bank, Irvine, California | Sunwest Bank, Tustin, California | Commercial bank | [32] |
June 26, 2009 | Mirae Bank, Los Angeles, California | Wilshire State Bank, Los Angeles, California | Commercial bank | [32] |
July 2, 2009 | John Warner Bank, Clinton, Illinois | State Bank of Lincoln, Lincoln, Illinois | Commercial bank | [32] |
July 2, 2009 | First State Bank of Winchester, Winchester, Illinois | First Bank of Beardstown, Beardstown, Illinois | Commercial bank | [32] |
July 2, 2009 | Rock River Bank, Oregon, Illinois | The Harvard State Bank, Harvard, Illinois | Commercial bank | [32] |
July 2, 2009 | Elizabeth State Bank, Elizabeth, Illinois | Galena State Bank and Trust Company, Galena, Illinois | Commercial bank | [32] |
July 2, 2009 | First National Bank of Danville, Danville, Illinois | First National Bank, NA, Terre Haute, Indiana | Commercial bank | [32] |
July 2, 2009 | Millennium State Bank of Texas, Dallas, Texas | State Bank of Texas, Irving, Texas | Commercial bank | [32] |
July 2, 2009 | Founders Bank, Worth, Illinois | The Private Bank and Trust Company, Chicago, Illinois | Commercial bank | [32] |
July 10, 2009 | Bank of Wyoming, Thermopolis, Wyoming | Central Bank & Trust, Lander, Wyoming | Commercial bank | [32] |
July 17, 2009 | First Piedmont Bank, Winder, Georgia | First American Bank and Trust Company, Athens, Georgia | Commercial bank | [32] |
July 17, 2009 | Bank First, Sioux Falls, South Dakota | Alerus Financial N.A., Grand Forks, North Dakota | Commercial bank | [32] |
July 17, 2009 | Vineyard Bank, Rancho Cucamonga, California | California Bank & Trust, San Diego, California | Commercial bank | [32] |
July 17, 2009 | Temecula Valley Bank, Temecula, California | First-Citizens Bank and Trust Company, Raleigh, North Carolina | Commercial bank | [32] |
July 24, 2009 | Waterford Village Bank, Williamsville, New York | Evans Bank, N.A., Angola, New York | Commercial bank | [32] |
July 24, 2009 | Security Bank of Gwinnett County, Suwanee, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [32] |
July 24, 2009 | Security Bank of North Fulton, Alpharetta, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [32] |
July 24, 2009 | Security Bank of North Metro, Woodstock, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [32] |
July 24, 2009 | Security Bank of Bibb County, Macon, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [32] |
July 24, 2009 | Security Bank of Houston County, Perry, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [32] |
July 24, 2009 | Security Bank of Jones County, Gray, Georgia | State Bank and Trust Company, Pinehurst, Georgia | Commercial bank | [32] |
July 31, 2009 | First State Bank of Altus, Altus, Oklahoma | Herring Bank, Amarillo, Texas | Commercial bank | [32] |
July 31, 2009 | Integrity Bank, Jupiter, Florida | Stonegate Bank, Fort Lauderdale, Florida | Commercial bank | [32] |
July 31, 2009 | Peoples Community Bank, West Chester, Ohio | First Financial Bank, Hamilton, Ohio | Commercial bank | [32] |
July 31, 2009 | First BankAmericano, Elizabeth, New Jersey | Crown Bank, Brick, New Jersey | Commercial bank | [32] |
July 31, 2009 | Mutual Bank, Harvey, Illinois | United Central Bank, Garland, Texas | Commercial bank | [32] |
August 7, 2009 | First State Bank, Sarasota, Florida | Stearns Bank N.A, St. Cloud, Minnesota | Commercial bank | [32] |
August 7, 2009 | Community National Bank of Sarasota County, Venice, Florida | Stearns Bank N.A, St. Cloud, Minnesota | Commercial bank | [32] |
August 7, 2009 | Community First Bank, Prineville, Oregon | Home Federal Bank, Nampa, Idaho | Commercial bank | [32] |
August 14, 2009 | Dwelling House Savings and Loan Association, Pittsburgh, Pennsylvania | PNC Bank N.A, Pittsburgh, Pennsylvania | Commercial bank | [32] |
August 14, 2009 | Colonial Bank, Montgomery, Alabama | Branch Banking and Trust Company, Winston-Salem, North Carolina | Commercial bank | [32] |
August 14, 2009 | Community Bank of Nevada, Las Vegas, Nevada | Deposit Insurance National Bank of Las Vegas, Las Vegas, Nevada | Commercial bank | [32] |
August 14, 2009 | Community Bank of Arizona, Phoenix, Arizona | MidFirst Bank, Oklahoma City, Oklahoma | Commercial bank | [32] |
August 14, 2009 | Union Bank N.A., Gilbert, Arizona | MidFirst Bank, Oklahoma City, Oklahoma | Commercial bank | [32] |
August 21, 2009 | eBank, Atlanta, Georgia | Stearns Bank, NA, St. Cloud, Minnesota | Commercial bank | [32] |
August 21, 2009 | First Coweta Bank, Newnan, Georgia | United Bank, Zebulon, Georgia | Commercial bank | [32] |
August 21, 2009 | CapitalSouth Bank, Birmingham, Alabama | IberiaBank, Lafayette, Louisiana | Commercial bank | [32] |
August 21, 2009 | Guaranty Bank, Austin, Texas | BBVA Compass, Birmingham, Alabama | Commercial bank | [32] |
August 28, 2009 | Bradford Bank, Baltimore, Maryland | Manufacturers and Traders Trust Company, Buffalo, New York | Commercial bank | [32] |
August 28, 2009 | Mainstreet Bank, Forest Lake, Minnesota | Central Bank, Stillwater, Minnesota | Commercial bank | [32] |
August 28, 2009 | Affinity Bank, Ventura, California | Pacific Western Bank, San Diego, California | Commercial bank | [32] |
August 28, 2009 | Vantus Bank, Sioux City, Iowa | Great Southern Bank, Springfield, Missouri | Commercial bank | [32] |
September 4, 2009 | First Bank of Kansas City, Kansas City, Missouri | Great American Bank, DeSoto, Kansas | Commercial bank | [32] |
September 4, 2009 | InBank, Oak Forest, Illinois | MB Financial Bank NA, Chicago, Illinois | Commercial bank | [32] |
September 4, 2009 | Platinum Community Bank, Rolling Meadows, Illinois | closed; FDIC payout of insured desposits | Commercial bank | [32] |
September 4, 2009 | First State Bank, Flagstaff, Arizona | Sunwest Bank, Tustin, California | Commercial bank | [32] |
September 11, 2009 | Corus Bank, N.A., Chicago, Illinois | MB Financial Bank, N.A., Chicago, Illinois | Commercial bank | [32] |
September 11, 2009 | Brickwell Community Bank, Woodbury, Minnesota | CorTrust Bank, N.A., Mitchell, South Dakota | Commercial bank | [32] |
September 11, 2009 | Venture Bank, Lacey, Washington | First-Citizens Bank and Trust Company, Raleigh, North Carolina | Commercial bank | [32] |
September 18, 2009 | Irwin Union Bank and Trust Company, Columbus, Indiana | First Financial Bank, N.A., Hamilton, Ohio | Commercial bank | [32] |
September 18, 2009 | Irwin Union Bank, F.S.B., Louisville, Kentucky | First Financial Bank, N.A., Hamilton, Ohio | Savings and loan association | [32] |
September 25, 2009 | Georgian Bank, Atlanta, Georgia | First Citizens Bank and Trust Company, Columbia, South Carolina | Commercial bank | [32] |
October 2, 2009 | Warren Bank, Warren, Michigan | Huntington National Bank, Columbus, Ohio | Commercial bank | [32] |
October 2, 2009 | Colorado National Bank, Pueblo, Colorado | Legacy Bank, Wiley, Colorado | Commercial bank | [32] |
October 2, 2009 | State Bank, Spring Grove, Minnesota | Central Bank, Stillwater, Minnesota | Commercial bank | [32] |
October 16, 2009 | San Joaquin Bank, Bakersfield, California | Citizens Business Bank, Ontario, California | Commercial bank | [32] |
October 23, 2009 | Partners Bank, Naples, Florida | Stonegate Bank, Fort Lauderdale, Florida | Commercial bank | [32] |
October 23, 2009 | American United Bank, Lawrenceville, Georgia | Ameris Bank, Moultrie, Georgia | Commercial bank | [32] |
October 23, 2009 | Hillcrest Bank Florida, Naples, Florida | Stonegate Bank, Fort Lauderdale, Florida | Commercial bank | [32] |
October 23, 2009 | Flagship National Bank, Bradenton, Florida | First Federal Bank of Florida, Lake City, Florida | Commercial bank | [32] |
October 23, 2009 | Bank of Elmwood, Racine, Wisconsin | Tri City National Bank, Oak Creek, Wisconsin | Commercial bank | [32] |
October 23, 2009 | Riverview Community Bank, Otsego, Minnesota | Central Bank, Stillwater, Minnesota | Commercial bank | [32] |
October 23, 2009 | First DuPage Bank, Westmont, Illinois | First Midwest Bank, Itasca, Illinois | Commercial bank | [32] |
October 23, 2009 | Bank USA, NA, Phoenix, Arizona | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | California National Bank, Los Angeles, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | San Diego National Bank, San Diego, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | Pacific National Bank, San Francisco, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | Park National Bank, Chicago, Illinois | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | Community Bank of Lemont, Lemont, Illinois | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | North Houston Bank, Houston, Texas | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | Madisonville State Bank, Madisonville, Texas | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | Citizens National Bank, Teague, Texas | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
October 23, 2009 | California National Bank, Los Angeles, California | U.S. Bank, NA, of Minneapolis, Minnesota | Commercial bank | [32] |
November 6, 2009 | United Security Bank, Sparta, Georgia | Ameris Bank, Moultrie, Georgia | Commercial bank | [32] |
November 6, 2009 | Home Federal Savings Bank, Detroit, Michigan | Liberty Bank and Trust Company, New Orleans, Louisiana | Commercial bank | [32] |
November 6, 2009 | Prosperan Bank, Oakdale, Minnesota | Alerus Financial, NA, Grand Forks, North Dakota | Commercial bank | [32] |
November 6, 2009 | Gateway Bank of St. Louis, St. Louis, Missouri | Central Bank of Kansas City, Kansas City, Missouri | Commercial bank | [32] |
November 6, 2009 | United Commercial Bank, San Francisco, California | East West Bank, Pasadena, California | Commercial bank | [32] |
November 13, 2009 | Century Bank, Federal Savings Bank, Sarasota, Florida | IberiaBank, Lafayette, Louisiana | Savings and loan association | [32] |
November 13, 2009 | Orion Bank, Naples, Florida | IberiaBank, Lafayette, Louisiana | Commercial bank | [32] |
November 13, 2009 | Pacific Coast National Bank, San Clemente, California | Sunwest Bank, Tustin, California | Commercial bank | [32] |
November 20, 2009 | Commerce Bank of Southwest Florida, Fort Myers, Florida | Central Bank, Stillwater, Minnesota | Commercial bank | [32] |
November 20, 2009 | Commerce Bank of Southwest Florida, Fort Myers, Florida | Central Bank, Stillwater, Minnesota | Commercial bank | [32] |
December 4, 2009 | Buckhead Community Bank, Atlanta, Georgia | State Bank and Trust Company, Macon, Georgia | Commercial bank | [32] |
December 4, 2009 | First Security National Bank, Norcross, Georgia | State Bank and Trust Company, Macon, Georgia | Commercial bank | [32] |
December 4, 2009 | Tattnall Bank, Reidsville, Georgia | HeritageBank of the South, Albany, Georgia | Commercial bank | [32] |
December 4, 2009 | AmTrust Bank, Cleveland, Ohio | New York Community Bank, Westbury, New York | Savings and loan association | [32] |
December 4, 2009 | Benchmark Bank, Aurora, Illinois | MB Financial Bank, National Association, Chicago, Illinois | Commercial bank | [32] |
December 4, 2009 | Greater Atlantic Bank, Reston, Virginia | Sonabank, McLean Virginia | Savings and loan association | [32] |
December 11, 2009 | Republic Federal Bank, National Association, Miami, Florida | 1st United Bank, Boca Raton, Florida | Commercial bank | [32] |
December 11, 2009 | Valley Capital Bank, National Association, Mesa, Arizona | Enterprise Bank & Trust, Clayton, Missouri | Commercial bank | [32] |
December 11, 2009 | SolutionsBank, Overland Park, Kansas | Arvest Bank, Fayetteville, Arkansas | Commercial bank | [32] |
December 18, 2009 | RockBridge Commercial Bank, Atlanta, Georgia | FDIC (no acquiring bank) | Commercial bank | [32] |
December 11, 2009 | Peoples First Community Bank, Panama City, Florida | Hancock Bank, Gulfport, Mississippi | Savings and loan association | [32] |
December 18, 2009 | Citizens State Bank, New Baltimore, Michigan | FDIC-created Deposit Insurance National Bank of New Baltimore (no acquiring bank) | Commercial bank | [32] |
December 11, 2009 | New South Federal Savings Bank, Irondale, Alabama | Beal Bank, Plano, Texas | Savings and loan association | [32] |
December 11, 2009 | Independent Bankers' Bank, Springfield, Illinois | FDIC-created Independent Bankers' Bank Bridge Bank | Correspondent bank | [32] |
December 18, 2009 | Imperial Capital Bank, La Jolla, California | City National Bank, Los Angeles, California | Commercial bank | [32] |
December 18, 2009 | First Federal Bank of California, Santa Monica, California | OneWest Bank, FSB, Pasadena | Savings and loan association | [32] 140 total for 2009 |
2010
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | References |
---|---|---|---|---|
January 8, 2010 | Horizon Bank, Bellingham, Washington | Washington Federal Savings and Loan Association, Seattle, Washington | Commercial Bank | [33] |
January 15, 2010 | Town Community Bank and Trust, Antioch, Illinois | First American Bank, Elk Grove Village, Illinois | Commercial Bank | [33] |
January 15, 2010 | St. Stephen State Bank, St. Stephen, Minnesota | First State Bank of St. Joseph, St. Joseph, Minnesota | Commercial Bank | [33] |
January 15, 2010 | Barnes Banking Company, Kaysville, Utah | FDIC-created Deposit Insurance National Bank of Kaysville (no acquiring bank) | Commercial Bank | [33] |
January 22, 2010 | Premier American Bank, Miami, Florida | Premier American Bank, Miami, Florida, National Association (newly chartered) | Commercial Bank | [33] |
January 22, 2010 | Bank of Leeton, Leeton, Missouri | Sunflower Bank, NA, Salina, Kansas | Commercial Bank | [33] |
January 22, 2010 | Charter Bank, Santa Fe, New Mexico | Charter Bank, Albuquerque, New Mexico (newly chartered) | Savings and loan association | [33] |
January 22, 2010 | Evergreen Bank, Seattle, Washington | Umpqua Bank, Roseburg, Oregon | Commercial Bank | [33] |
January 22, 2010 | Columbia River Bank, The Dalles, Oregon | Columbia State Bank, Tacoma, Washington | Commercial Bank | [33] |
January 29, 2010 | First National Bank of Georgia, Carrollton, Georgia | Community & Southern Bank, Carrollton, Georgia | Commercial Bank | [33] |
January 29, 2010 | Florida Community Bank, Immokalee, Florida | Premier American Bank, National Association, Miami Florida (newly chartered) | Commercial Bank | [33] |
January 29, 2010 | Marshall Bank, National Association, Hallock, Minnesota | United Valley Bank, Cavalier, North Dakota | Commercial Bank | [33] |
January 29, 2010 | Community Bank and Trust, Cornelia, Georgia | SCBT, N.A., Orangeburg, South Carolina | Commercial Bank | [33] |
January 29, 2010 | First Regional Bank, Los Angeles, California | First-Citizens Bank & Trust Company, Raleigh, North Carolina | Commercial Bank | [33] |
January 29, 2010 | American Marine Bank, Bainbridge Island, Washington | Columbia State Bank, Tacoma, Washington | Commercial Bank | [33] |
April 30, 2010 | W Holding Company, Mayaguez, Puerto Rico | Banco Popular de Puerto Rico, San Juan, Puerto Rico | Commercial Bank | [33] |
April 30, 2010 | RG Premier Bank, San Juan, Puerto Rico | Scotiabank, San Juan, Puerto Rico | Commercial Bank | [33] |
April 30, 2010 | EuroBancshares, San Juan, Puerto Rico | Oriental Bank and Trust, San Juan, Puerto Rico | Commercial Bank | [33] |
More banks have failed since April 2010, but this list is not being maintained by anyone. For more recent data see
- List of bank failures in the United States (2008–present) for a list of US banks
- List of acquired or bankrupt banks in the late 2000s financial crisis for a list of US banks and non-US banks
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 prior to 2009. A list of credit unions which failed between 2009 - 2010 can be found at http://www.ncua.gov/Resources/ClosedCU/2010.aspx#top . For failed credit unions prior to 2009 please refer to press releases regarding failed credit unions at http://www.ncua.gov/NewsPublications/News/PressRelease.aspx.
Date | Company | Deposits and/or branches taken by | Type of company bankrupt or closed | References |
---|---|---|---|---|
April 27, 2007 | Sharebuilders Federal Credit Union, Northridge, California | closed and liquidated by NCUA | credit union | [34] |
November 2, 2007 | Green Tree Credit Union, Feasterville, Pennsylvania | closed and liquidated by NCUA; a portion of the assets were transferred to Freedom Credit Union, Warminster, Pennsylvania | credit union | [35] |
November 28, 2007 | Huron River Credit Union, Ann Arbor, Michigan | Detroit Edison Credit Union, Detroit, Michigan | credit union | [36] |
January 24, 2008 | Norlarco Federal Credit Union, Ft. Collins, Colorado | Public Service Credit Union, Denver, Colorado | credit union | [37] |
May 3, 2008 | St. Luke Baptist Federal Credit Union, Laurelton, New York | closed and liquidated by NCUA | credit union | [38] |
May 12, 2008 | Father Burke Federal Credit Union, Bronx, New York | closed and liquidated by NCUA | credit union | [39] |
July 1, 2008 | Cal State 9 Credit Union, Concord, California | closed and liquidated by NCUA; most assets assumed by Patelco Credit Union, San Francisco, California | credit union | [40] |
July 1, 2008 | Sterlent Credit Union, Pleasanton, California | closed and liquidated by NCUA; most assets assumed by Patelco Credit Union, San Francisco, California | credit union | [40] |
July 16, 2008 | Meridan F.A. Federal Credit Union, Meriden, Connecticut | closed and liquidated by NCUA | credit union | [41] |
July 28, 2008 | New London Security Federal Credit Union, New London, Connecticut | closed and liquidated by NCUA | credit union | [42] |
August 8, 2008 | Port Trust Federal Credit Union, Charleston, South Carolina | CPM Federal Credit Union, North Charleston, South Carolina | credit union | [43] |
September 17, 2008 | Interfaith Federal Credit Union, East Orange, New Jersey | closed and liquidated by NCUA | credit union | [44] |
September 29, 2008 | Kaiperm Federal Credit Union, Oakland, California | Alliant Credit Union, Chicago, Illinois | credit union | [45] |
October 3, 2008 | TEXDOT-WF Credit Union, Wichita Falls, Texas | Postal Family Credit Union, Wichita Falls, Texas | credit union | [46] |
October 6, 2008 | N&W Poca Division Federal Credit Union, Bluefield, West Virginia | closed and liquidated by NCUA | credit union | [47] |
December 5, 2008 | West Hartford Credit Union, Farmington, Connecticut | closed and liquidated by NCUA | credit union | [48] |
January 2, 2009 | Valley Credit Union, San Jose, California | closed and placed into receivership by NCUA; assets assumed by Citizens Equity First Credit Union (CEFCU), Peoria, Illinois | credit union | [49] |
February 13, 2009 | Center Valley Credit Union, Wheeling, West Virginia | closed and liquidated by NCUA | credit union | [50] |
March 20, 2009 | U.S. Central Credit Union, Lenexa, Kansas | Placed into conservatorship under the NCUA. This corporate credit union will continue to run under NCUA management. | Corporate credit union | [51] |
March 20, 2009 | Western Corporate (WesCorp) Federal Credit Union, San Dimas, California | Placed into conservatorship under the NCUA. This corporate credit union will continue to run under NCUA management. | Corporate credit union | [51] |
April 24, 2009 | Eastern Financial Florida Credit Union, Miramar, Florida | Placed into conservatorship under the NCUA. Officials from Space Coast Credit Union of Melbourne, Florida will temporarily manage day-to-day operations. | credit union | [52] |
July 6, 2009 | Watts United Credit Union, Los Angeles, California | closed and liquidated by NCUA | credit union | [53] |
August 12, 2009 | Community One Federal Credit Union, Clark County, Nevada | closed by NCUA; assets assumed by America First Federal Credit Union P&A, Riverside, Utah | credit union | [54] |
August 28, 2009 | Free Choice Federal Credit Union, Feasterville, Pennsylvania | closed by NCUA; assets assumed by Trumark Financial Credit Union, Trevose, Pennsylvania | credit union | [55] |
September 22, 2009 | Comunidades Federal Union, Los Angeles, California | closed by NCUA; assets assumed by Water and Power Community Credit Union, Los Angeles, California | credit union | [56] |
September 24, 2009 | Keys Federal Credit Union Key West, Florida | placed into conservatorship by NCUA | credit union | [57] |
More credit unions have failed since Sept 2009, but this list is not being maintained by anyone. For more recent data see
- List of bank failures in the United States (2008–present) for a list of US banks
- List of acquired or bankrupt banks in the late 2000s financial crisis for a list of US banks and non-US banks
See also
General:
References
- ↑ "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 Cityg, 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.
- ↑ "National Bank Acquires All the Deposits of Meridian Bank, Eldred, Illinois" (Press release). FDIC. 2008-10-10. Retrieved 2008-10-10.
- ↑ "Stearns Bank, National Association Acquires the Insured Deposits of Alpha Bank & Trust, Alpharetta, GA" (Press release). FDIC. 2008-10-24. Retrieved 2008-10-24.
- ↑ "Fifth Third Bank Acquires All the Deposits of Freedom Bank, Bradenton, Florida" (Press release). FDIC. 2008-10-31. Retrieved 2008-10-31.
- ↑ "Prosperity Bank Acquires All the Deposits of Franklin Bank, S.S.B., Houston, Texas" (Press release). FDIC. 2008-11-07. Retrieved 2008-11-07.
- ↑ "Pacific Western Bank Acquires All the Deposits of Security Pacific Bank, Los Angeles, California" (Press release). FDIC. 2008-11-07. Retrieved 2008-11-07.
- ↑ "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.
- 1 2 "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.
- ↑ "United Bank Acquires All the Deposits of First Georgia Community Bank, Jackson, Georgia" (Press release). FDIC. 2008-12-05.
- ↑ "BB&T Company Acquires All the Deposits of Haven Trust Bank, Duluth, Georgia" (Press release). FDIC. 2008-12-12.
- ↑ "The Pecos County Bank Acquires All the Deposits of Sanderson State Bank, Sanderson, Texas" (Press release). FDIC. 2008-12-12.
- ↑ "Wells Fargo Acquires All the Deposits of Wachovia Bank, Charlotte, North Carolina" (Press release). FDIC. 2008-12-12.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 "Bank Failures in Brief-2009". FDIC. 2013-01-11.
- 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 "Bank Failures in Brief-2010". FDIC. 2013-01-11.
- ↑ "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.
- 1 2 "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. 2009-01-02. Retrieved 2009-01-13.
- ↑ "Center Valley Credit Union Closes" (Press release). NCUA. 2009-02-16. Retrieved 2009-02-13.
- 1 2 "NCUA Conserves U.S. Central and Western Corporate Credit Unions" (Press release). NCUA. 2009-03-20. Retrieved 2009-03-20.
- ↑ "Eastern Financial Florida Credit Union placed into conservatorship" (Press release). NCUA. 2009-04-24. Retrieved 2009-05-31.
- ↑ "Watts United Credit Union Closes" (Press release). NCUA. 2009-07-06. Retrieved 2009-07-24.
- ↑ "One Federal Credit Union Closes" (Press release). NCUA. 2009-08-12. Retrieved 2009-08-14.
- ↑ "Free Choice Federal Credit Union Liquidated" (Press release). NCUA. 2009-08-28. Retrieved 2009-09-26.
- ↑ "Comunidades FCU Close" (Press release). NCUA. 2009-09-22. Retrieved 2009-09-26.
- ↑ "Keys Federal Credit Union Placed into Conservatorship" (Press release). NCUA. 2009-09-24. Retrieved 2009-09-26.