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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
Liberty Bank and Trust 58.5 2 Hume Bank Hume: Missouri March 7, 2008: Security Bank 18.7 3 Bear Stearns: New York City: New York: March 16, 2008: J.P. Morgan Chase: 395,000 4 ANB Financial N.A. Bentonville: Arkansas: May 9, 2008: Pulaski Bank and Trust Company 2,100 5 First Integrity Bank, N.A. Staples: Minnesota: May 30, 2008: First ...
Panic of 1819, a U.S. recession with bank failures; culmination of U.S.'s first boom-to-bust economic cycle; Panic of 1825, a pervasive British recession in which many banks failed, nearly including the Bank of England; Panic of 1837, a U.S. recession with bank failures, followed by a 5-year depression; Panic of 1847, United Kingdom
Similarly, there were five Federal Deposit Insurance Corp. (FDIC) bank failures in 2023 and one bank failure so far this year. Before this, there were no FDIC bank failures from 2021 to the ...
$1.5 billion $2.1 billion First Bank of Beverly Hills Calabasas: California: 2009 $1.5 billion $2.1 billion Temecula Valley Bank Temecula: California: 2009 $1.5 billion $2.1 billion New South Federal Savings Bank Irondale: Alabama: 2009 $1.5 billion $2.1 billion Community Banks of Colorado Greenwood Village: Colorado: 2011 $1.4 billion $1.9 billion
Most bank failures don't make front-page news, so many people don't know how often they happen. Recently, however, the second-biggest bank failure in American history dominated headlines as ...
Bank £ 2 × 10 ^ 10 [39] October 13, 2008: HBOS (up to 43.5% Bought) Government of the United Kingdom: Bank £ 1.3 × 10 ^ 10 [39] October 13, 2008: Lloyds TSB (up to 43.5% Bought) Government of the United Kingdom: Bank £ 4 × 10 ^ 9 [citation needed] October 17, 2008: UBS: Swiss National Bank and the Federal administration of Switzerland ...
[16] [19] [20] IndyMac's failure is expected to cost the FDIC more about $9 billion. [12] Uninsured depositors have lost an estimated $270 million. [21] On September 15, 2008, Lehman Brothers, the 4th largest investment bank, filed for bankruptcy. The clients did a classic bank run, because the company had over $40 billion in assets in 2008.