List of largest U.S. bank failures
This is a 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.
This is a dynamic list and may never be able to satisfy particular standards for completeness. You can help by expanding it with reliably sourced entries.
Table
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 |
City Federal Savings and Loan | Elizabeth | New Jersey | 1989 | $39.8 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 | $10.5 billion |
Goldome | Buffalo | New York | 1991 | $9.9 billion |
Imperial Federal Savings Assoc. | San Diego | California | 1990 | $9.6 billion |
CenTrust Bank | Miami | Florida | 1990 | $8.2 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 |
Doral Bank | San Juan | Puerto Rico | 2015 | $5.9 billion |
R-G Premier Bank of Puerto Rico | Hato Rey | Puerto Rico | 2010 | $5.9 billion |
Columbia Savings & Loan Assn. | Beverly Hills | California | 1991 | $5.4 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 |
Franklin National Bank | New York | New York | 1974 | $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 |
First National Bank, also operating as The National Bank of El Paso | Edinburg | Texas | 2013 | $3.1 billion |
Superior Bank | Birmingham | Alabama | 2011 | $3.0 billion |
TierOne Bank | Lincoln | Nebraska | 2010 | $2.8 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 |
First Community Bank | Taos | New Mexico | 2011 | $2.3 billion |
Integra Bank, NA | Evansville | Indiana | 2011 | $2.2 billion |
ANB Financial | Bentonville | Arkansas | 2008 | $2.1 billion |
First Regional Bank | Los Angeles | California | 2010 | $2.1 billion |
ShoreBank | Chicago | Illinois | 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 |
Hillcrest Bank | Overland Park | Kansas | 2010 | $1.6 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 |
Community Banks of Colorado | Greenwood | Colorado | 2011 | $1.4 billion |
Hamilton Bank | Miami | Florida | 2002 | $1.3 billion |
Horizon Bank | Bellingham | Washington | 2010 | $1.3 billion |
United States National Bank | San Diego | California | 1973 | $1.3 billion |
Premier Bank | Jefferson City, Missouri | Missouri | 2010 | $1.2 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 | 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
- Financial crisis of 2007–08
- List of banks acquired or bankrupted in the United States during the 2007–2012 global financial crisis
- List of bank failures in the United States (2008–present)
- 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
- 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
- Regulators shut 6 banks
- FDIC Failed Bank Search site
- FDIC list, failed US banks since Oct 2000
- Regulators shut more banks; 84 failures so far in 2011
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