Skip navigation
Bank Failures in 2008
| 12 Sep 2008 | 10:43 AM ET
Font size:

Failed Banks
Since the beginning of the credit crunch in August 2007, a total of 13 banks have closed their doors, according to the Federal Deposit Insurance Corporation. This year alone, eleven banks have gone under. Take a look at the failures of 2008 (in chronological order), as measured by total assets and the cost to the FDIC’s deposit insurance fund. >Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Silver State Bank
Henderson, Nev.Closed: Sept. 5, 2008Assets: $2.0 billionCost to FDIC: $450 - $550 million>ARM Resets: Tsunami Ahead>What Happens When a Bank Fails

Integrity Bank
Alpharetta, Ga. Closed: Aug. 29, 2008Assets: $1.1 billion Cost: $250 - $350 million>The 3 C's of Getting a Mortgage>How to Know If Your Money Is Safe

The Columbian Bank and Trust
Topeka, Kan.       Closed: Aug. 22, 2008Assets: $752 millionCost: $60 million>Tips For Surviving the Credit Crunch >High Times Roll On For High-End Condo Market

First Priority Bank
Bradenton, Fla.                       Closed: Aug. 1, 2008Assets: $259 millionCost: $72 million>Safety Nets For Savers And Investors>What's In The New Housing Law

First Heritage Bank & First National Bank of Nevada
Closed: July 25, 2008Costs: $862 millionFirst Heritage BankNewport Beach, Calif.      Assets: $254 millionFirst National Bank of NevadaReno, Nev.Assets: $3.4 billionThe costs of the two banks were combined since both are units of First National Bank Holding.>How To Be Your Own Realtor>How to Know If Your Money Is Safe

IndyMac Bank
Pasadena, Calif.                                Closed: July 11, 2008 Assets: $32.01 billionCost: $4 to $8 billionThe only publicly traded bank on the list, IndyMac’s stock price reached a high of $45 on May 8, 2006, and closed at 31 cents the day before the bank was seized. >What Happens When a Bank Fails >ARM Resets: Tsunami Ahead

First Integrity Bank
Staples, Minn.                  Closed: May 30, 2008 Assets: $54.7 millionCost: $2.3 million>How to Know If Your Money Is Safe>Safety Nets For Savers And Investors

ANB Financial
Bentonville, Ark.                  Closed: May 9, 2008Assets: $2.1 billionCost: $214 million>Safety Nets For Savers And Investors>How to Be Your Own Realtor

Hume Bank
Hume, Mo.                                        Closed: March 7, 2008Assets: $18.7 millionCost: Not Available>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Douglass National Bank
Kansas City, Mo.         Closed: Jan. 25, 2008 Assets: $58.5 millionCost: $5.6 million>Replay Slideshow>Related Slideshow: Largest US Bankruptcies>Taking Advantage of Foreclosures>How to Be Your Own Realtor


HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis