Skip navigation
Add this share icon
  • digg share
Largest Bank Failures of 2009
| 26 Oct 2009 | 08:53 AM ET
Text Size

Failed Banks
So far, 106 banks have failed this year, up from the 25 that shut down in 2008, which included Washington Mutual, the largest bank failure in US history. While the banks that have closed this year are not as large as WaMu, there have been some substantial banks that failed with assets in the billions. Click on to find out which of them rank as the 10 largest failures so far in 2009.Source: FDICUpdated Oct. 26, 2009»Failed Banks List: 2009»Slideshow: Largest Bankruptcies»Slideshow: World's Safest Banks

10. County Bank
Merced, Calif. Closed: Feb. 6, 2009 Assets: $1.7 billion Cost to FDIC: $135 million »Failed Banks List: 2009

9. Vineyard Bank
Rancho Cucamonga, Calif.Closed: July 17, 2009 Assets: $1.9 billion Cost to FDIC: $579 million»Failed Banks List: 2009

7. Georgian Bank (Tied)
Atlanta, Ga.Closed: Sept. 25, 2009 Assets: $2.0 billion Cost to FDIC: $892 million »Failed Banks List: 2009

7. New Frontier Bank (Tied)
Greeley, Colo. Closed: April 10, 2009 Assets: $2.0 billion Cost to FDIC: $670 million »Failed Banks List: 2009

6. Irwin Union Bank & Trust Company
Columbus, Ind.Closed: Sept. 18, 2009 Assets: $2.7 billion Cost to FDIC: $715 million»Failed Banks List: 2009

5. Silverton Bank, N.A.
Atlanta, Ga. Closed: May 1, 2009 Assets: $4.1 billion Cost to FDIC: $1.3 billion »Failed Banks List: 2009

4. Corus Bank
Chicago, Ill.Closed: Sept. 11, 2009 Assets: $7 billion Cost to FDIC: $1.7 billion »Failed Banks List: 2009

3. BankUnited, FSB
Coral Gables, Fla. Closed: May 21, 2009 Assets: $12.80 billion Cost to FDIC: $4.9 billion »Failed Banks List: 2009

2. Guaranty Bank
Austin, TexasClosed: Aug. 21, 2009 Assets: $13 billion Cost to FDIC: $3 billion»Failed Banks List: 2009

1. Colonial Bank
Montgomery, Ala.Closed: Aug. 14, 2009Assets: $25 billion Cost to FDIC: $2.8 billion»Replay Slideshow»Failed Banks List: 2009»Slideshow: Largest Bankruptcies»Slideshow: World's Safest Banks

Tools:
Print EmailAdd This share icon

MORE SLIDESHOWS

Current DateTime: 01:40:19 11 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:02:04 11 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 02:13:25 11 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:02:04 11 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters