This is a list of United States banks that have been affected by the Financial crisis of 2007–2010. 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 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.
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.
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
2008
2009
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/NewsPublications/News/PressRelease.aspx.
References
- ^ "Committee for a Responsible Federal Budget: Stimulus Watch". 2009-02-09 . http://www.usbudgetwatch.org/stimulus?filter0=**ALL**&filter1=&filter2=79&filter3=68 .
- ^ FDIC (2007-02-02). "FDIC Approves the Assumption of the Insured Deposits of Metropolitan Savings Bank, Pittsburgh, Pennsylvania". Press release . http://www.fdic.gov/news/news/press/2007/pr07009.html .
- ^ "Failed Bank Information: NetBank, Alpharetta, GA, Closing Information". FDIC. 2007-09-28 . http://www.fdic.gov/bank/individual/failed/netbank.html .
- ^ "ING wins from online bank failure". BBC News. 2008-09-30 . http://news.bbc.co.uk/2/hi/business/7020802.stm .
- ^ "Bank Closing Information for Miami Valley Bank, Lakeview, Ohio". FDIC. 2007-10-04 . http://www.fdic.gov/bank/individual/failed/miamivalley.html .
- ^ "Miami Valley becomes year's 3rd failed bank - FDIC". Reuters. 2008-10-04 . http://www.reuters.com/article/bankingfinancial-SP/idUSN0439931020071005 .
- ^ FDIC (2008-01-25). "FDIC Approves the Assumption of all the Deposits of Douglass National Bank, Kansas City, Missouri". Press release . http://www.fdic.gov/news/news/press/2008/pr08007.html .
- ^ FDIC (2008-03-07). "FDIC Approves the Assumption of the Insured Deposits of Hume Bank, Hume, Missouri". Press release . http://www.fdic.gov/news/news/press/2008/pr08021.html .
- ^ FDIC (2008-05-09). "FDIC Approves the Assumption of the Insured Deposits of ANB Financial, National Association, Bentonville, Arkansas". Press release . http://www.fdic.gov/news/news/press/2008/pr08033.html .
- ^ FDIC (2008-05-30). "FDIC Approves the Assumption of All the Deposits of First Integrity Bank, National Association, Staples, Minnesota". Press release . http://www.fdic.gov/news/news/press/2008/pr08041.html .
- ^ "FDIC Establishes IndyMac Federal Bank, FSB as Successor to IndyMac Bank, F.S.B., Pasadena, California". FDIC. 2008-07-11 . http://www.fdic.gov/bank/individual/failed/IndyMac.html .
- ^ FDIC (2008-07-25). "Mutual of Omaha Bank Acquires All Deposits of First National Bank of Nevada and First Heritage Bank, N.A.". Press release . http://www.fdic.gov/news/news/press/2008/pr08063.html .
- ^ FDIC (2008-08-01). "SunTrust Bank Acquires the Insured Deposits of First Priority Bank, Bradenton, Florida". P
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