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Highland Community Bank Chicago: Illinois: January 23, 2015: United Fidelity Bank, FSB 54.7 3 Capitol City Bank and Trust Atlanta: Georgia: February 13, 2015: First-Citizens Bank and Trust Company 272.3 4 Doral Bank: San Juan: Puerto Rico: February 27, 2015: Banco Popular de Puerto Rico 5,900 5 Edgebrook Bank Chicago Illinois May 8, 2015 ...
Continental Illinois National Bank and Trust: Chicago: Illinois: 1984 $40.0 billion $121 billion [4] [9] First Republic Bank Corporation: Dallas: Texas: 1988 $32.5 billion $86 billion [10] American Savings and Loan: Stockton: California: 1988 $30.2 billion $80 billion Bank of New England: Boston: Massachusetts: 1991 $21.7 billion $50 billion ...
Failed banks. Date closed. Northern Star Bank, Mankato, Minn. 12/19/2014. Frontier Bank (dba El Paseo Bank), Palm Desert, Calif. 11/07/2014. The National Republic Bank of Chicago
Silicon Valley Bank (SVB) failed when a bank run was triggered after it sold its Treasury bond portfolio at a large loss, causing depositor concerns about the bank's liquidity. The bonds had lost significant value as market interest rates rose after the bank had shifted its portfolio to longer-maturity bonds.
Why banks fail: Outgoing FDIC chief Martin Gruenberg assesses banking industry risks. Russ Wiles. January 24, 2025 at 11:00 AM. ... The best looks from day 4 of London Fashion Week.
Customers wait in line outside a branch of the Silicon Valley Bank in Wellesley, Massachusetts, U.S., March 13, 2023. REUTERS/Brian Snyder (Brian Snyder / reuters) [Drop Rick Newman a note, follow ...
It lost $40 billion in deposits on the Monday after Silicon Valley Bank failed and more than $100 billion in the weeks that followed. Regulators seized it on May 1 and sold the bulk of its ...
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 filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt.