Failed Banks
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
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10. Silverton Bank, N.A.
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.
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
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»Failed Banks List: 2009
»Slideshow: Largest Bankruptcies
»Slideshow: World's Safest Banks