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List of largest U.S. bank failures

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This is an incomplete list of the largest U.S. bank failures with respect to total assets under management at the time of the bank failure

Bank failure

A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. More specifically, a bank usually fails economically when the market value of its assets declines to a value that is...

(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

Federal Deposit Insurance Corporation

The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...

Bank	City	State	Date	Assets at time of failure
Washington Mutual Washington Mutual Washington Mutual, Inc. , abbreviated to WaMu, was a savings bank holding company and the former owner of Washington Mutual Bank, which was the United States' largest savings and loan association until its collapse in 2008....	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	$9.8 billion
First Republic Bank First RepublicBank Corporation This article is about the defunct bank based in Dallas, Texas. For the bank based in San Francisco, California, see First Republic Bank.First Republic Bank Corporation was a bank that failed in 1988, during the savings and loan crisis. The company first opened as the Guaranty Bank and Trust Company...	Dallas	Texas	1988	$32.5 billion
IndyMac	Pasadena	California	2008	$32 billion
American Savings and Loan	Stockton	California	1988	$30.2 billion
Colonial Bank Colonial Bank Colonial Bank, formerly a subsidiary of Colonial Bancgroup Inc., was headquartered in Montgomery, Alabama. Colonial Bank had 346 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Colonial's assets had grown from $166 million in 1981 to $26 billion. This growth can be attributed...	Montgomery	Alabama	2009	$25 billion
Bank of New England Bank of New England The Bank of New England Corporation was a regional banking institution based in Boston, Massachusetts, which was seized by the Federal Deposit Insurance Corporation in 1991 as a result of heavy losses in its loan portfolio and was placed into Chapter 7 liquidation...	Boston	Massachusetts	1991	$21.7 billion
MCorp	Dallas	Texas	1989	$18.5 billion
FBOP Corp FBOP Corporation FBOP Corporation was a bank holding company based in Oak Park, Illinois, USA. As of mid 2009, it had $18.5 billion in assets and was the 46th largest bank holding company in the United States. On October 30, 2009, FBOP's banking subsidiaries were closed by their chartering agencies and the... banking subsidiaries	Oak Park	Illinois	2009	$18.4 billion
Gibraltar Savings and Loan Gibraltar Savings and Loan Gibraltar Savings and Loan Association was a bank operating in California, Washington, and Florida. It was organized as a savings and loan.Its headquarters building at 9111 Wilshire Boulevard in Beverly Hills, was built in 1951, designed by William Pereira....	Simi Valley	California	1989	$15.1 billion
First City National Bank	Houston	Texas	1988	$13.0 billion
Guaranty Bank Guaranty Bank Guaranty Bank was a major bank based in Austin, which collapsed in 2009.Formed in 1988 and part of Temple-Inland until 2007 when it was spun off as a standalone company, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, and at the time of its failure had...	Austin	Texas	2009	$13.0 billion
Downey Savings and Loan	Newport Beach	California	2008	$12.8 billion
BankUnited BankUnited BankUnited is a savings and loan association based in Miami Lakes, Florida. It was seized by U.S. financial regulators and immediately handed over to a new holding company on 21 May 2009, in the second largest bank failure of the Financial crisis of 2007–2010... FSB	Coral Gables	Florida	2009	$12.8 billion
HomeFed Bank	San Diego	California	1992	$12.2 billion
AmTrust Bank AmTrust Bank Founded in Cleveland, Ohio, in 1889 as Ohio Savings Bank, AmTrust Bank has grown from a local savings and loan to having a national presence in retail banking, mortgage and construction lending, investment and insurance services and indirect auto lending....	Cleveland	Ohio	2009	$12.0 billion
WesternBank	Mayaguez	Puerto Rico	2010	$11.9 billion
United Commercial Bank United Commercial Bank United Commercial Bank was an overseas Chinese bank in the United States, based in San Francisco, CA. It was a subsidiary of UCBH Holdings. Founded in 1974 as United Federal Savings and Loan Association, it changed its name to United Savings Bank, and finally United Commercial Bank in 1998...	San Francisco	California	2009	$11.2 billion
Southeast Bank	Miami	Florida	1991	$11.0 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 First Federal Bank of California The First Federal Bank of California was a community bank founded in 1929, and encompassed most of Southern California. As of 2009, It operated approximately thirty-nine branches....	Santa Monica	California	2009	$6.1 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 Franklin National Bank Franklin National Bank, based in Franklin Square in Long Island, New York was once the United States' 20th largest bank. On October 8, 1974, it collapsed in obscure circumstances, involving Michele Sindona, renowned Mafia-banker and member of the irregular freemasonic lodge, Propaganda Due...	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
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
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
Horizon Bank	Bellingham	Washington	2010	$1.3 billion
United States National Bank	San Diego	California	1973	$1.3 billion
Premier Bank	Jefferson City	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 City Bank The City Bank was an early bank in Ontario in the 19th century and merged with Royal Canadian Bank to form Consolidated Bank of Canada in 1876....	Lynnwood	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

List of largest U.S. bank failures

See also

External links