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Bank Failures in 2008

Since the beginning of the credit crunch in August, 2007, a total of 14 banks have closed their doors, according to the Federal Deposit Insurance Corporation. This year alone, 12 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, aka taxpayers. >>

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Failed Banks

Since the beginning of the credit crunch in August 2007, a total of 27 banks have closed their doors, according to the Federal Deposit Insurance Corporation.

This year alone, 25 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.


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