Top Stories
Top Stories
Slideshows

Largest Bank Failures of 2009

Failed Banks

Thirty-six banks have failed this year, up from the , 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.

So far, 140 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: FDIC

Updated Dec. 21, 2009


»Failed Banks List: 2009
»Slideshow: Largest Bankruptcies
»Slideshow: World's Safest Banks

10. Silverton Bank, N.A.

Atlanta, Ga. : May 1, 2009 : $4.1 billion : $1.3 billion

Atlanta, Ga.

Closed: May 1, 2009

Assets: $4.1 billion

Cost to FDIC: $1.3 billion


»Failed Banks List: 2009

9. Park National Bank

Chicago, Ill.

Closed: Oct. 30, 2009

Assets: $4.7 billion

Cost to FDIC: N.A.


»Failed Banks List: 2009

8. First Federal Bank of California, F.S.B.

Santa Monica, Calif.

Closed: Dec. 18, 2009

Assets: $6.1 billion

Cost to FDIC: $146.3 million

7. Corus Bank

Chicago, Ill.

Closed: Sept. 11, 2009

Assets: $7 billion

Cost to FDIC: $1.7 billion


»Failed Banks List: 2009

6. California National Bank

Los Angeles, Calif.

Closed: Oct. 30, 2009

Assets: $7.8 billion

Cost to FDIC
: N.A.


»Failed Banks List: 2009

5. United Commercial Bank

San Francisco, Calif.

Closed: Nov. 6, 2009

Assets: $11.2 billion

Cost to FDIC: $1.4 billion


»Failed Banks List: 2009

4. AmTrust Bank

Cleveland, Ohio

Closed: Dec. 4, 2009

Assets: $12 billion

Cost to FDIC: $2 billion


»Failed Banks List: 2009

3. BankUnited, FSB

Coral Gables, Fla. : May 21, 2009 : $12.80 billion : $4.9 billion

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, Texas

Closed: Aug. 21, 2009

Assets: $13 billion

Cost to FDIC: $3 billion

»Failed Banks List: 2009

1. Colonial Bank

Montgomery, Ala.

Closed: Aug. 14, 2009

Assets: $25 billion

Cost to FDIC: $2.8 billion

»Replay Slideshow
»Failed Banks List: 2009
»Slideshow: Largest Bankruptcies
»Slideshow: World's Safest Banks