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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. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [1]
Nationwide Building Society (savings, residential mortgages, branch network) Building Society [57] April 10, 2009: Cape Fear Bank: Chapter 11 bankruptcy and liquidation financial company [58] April 10, 2009: New Frontier Bank: Chapter 11 bankruptcy and liquidation Bank [59] April 17, 2009: American Sterling Bank: Metcalf Bank: Bank [60] April ...
September 30: Affected by the spiraling mortgage and credit crises, Internet banking pioneer NetBank goes bankrupt [75] NetBank Inc was the largest savings and loan failure since the tail end of the Savings and Loan crisis in the early 1990s. [76] and the Swiss bank UBS announced that it lost US$690 million in the third quarter. [77]
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In bankruptcy court filings True Value said it has between $500 million and $1 billion in liabilities. True Value has central Iowa locations in West Des Moines, Grimes, Indianola, Madrid and Huxley.
Lamar Savings and Loan (Austin, TX), led by Stanley Adams, which cost $2 billion to resolve; Vernon Savings and Loan (Dallas, TX), led by Don Dixon, which on resolution had 94 percent of loans non-performing; and; Columbia Savings and Loan (Beverly Hills, CA), led by Thomas Spiegel, was closed in January 1991 at the cost of $3.25 billion. [87]
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