Some Facts About Failed Banking Institutions:
Failed institutions in 2007: Banks 3 | Credit Unions 3
Failed institutions in 2008: Banks 25 | Credit Unions 15
States w/most failed institutions - 2008: CA (10), GA (5), CT, NV (3 each)
Cities w/most failed institutions - 2008: Alpharetta, GA., Bradenton, FL., Henderson, NV., Newport Beach, CA. (2 each)
Source: FDIC, NCUA.
Institution: Norlarco Credit Union
Ft. Collins, CO.
Assets/Deposits: $290 million
Date of Closure: January 24, 2008
Regulator: Colorado State Commissioner of Financial Services
Acquired By: Public Service Credit Union
Institution: Douglass National Bank
Kansas City, MO.
Assets/Deposits: $58.5 million/$53.8 million
Date of Closure: January 25, 2008
Regulator: OCC
Acquired By: Liberty Bank and Trust
Institution: Hume Bank
Hume, Mo.
Assets/Deposits: $18.7 million/$13.6 million
Date of Closure: March 7, 2008
Regulator: Commissioner of Missouri's Division of Finance
Acquired By: Security Bank
Institution: St. Luke Baptist Federal Credit Union
Laurelton, New York
Assets/Deposits: $49,734
Date of Closure: May 3, 2008
Regulator: NCUA
Acquired By: NCUA Liquidation
Institution: ANB Financial
Bentonville, AR.
Assets/Deposits: $2.1 billion/ $1.8 billion
Date of Closure: May 9, 2008
Regulator: OCC
Acquired By: Pulaski Bank and Trust Company
Institution: Father Burke Federal Credit Union
Bronx, NY.
Assets/Deposits: $1.2 million
Date of Closure: May 12, 2008
Regulator: NCUA
Acquired By: NCUA Liquidation
Institution: Cal State 9 Credit Union
Concord, CA.
Assets/Deposits: $339 million
Date of Closure: May 22, 2008
Regulator: NCUA
Acquired By: Patelco Credit Union
Institution: First Integrity Bank
Staples, MN.
Assets/Deposits: $54.7 million/$50.3 million
Date of Closure: May 30, 2008
Regulator: OCC
Acquired By: First International Bank and Trust
Institution: Sterlent Credit Union
Pleasanton, CA.
Assets/Deposits: $94.6 million
Date of Closure: July 1, 2008
Regulator: NCUA
Acquired By: Patelco Credit Union
Institution: IndyMac Bank, FSB
Pasadena, CA.
Assets/Deposits: $32.01 billion/$19.06 billion
Date of Closure: July 11, 2008
Regulator: OTS
Acquired By: FDIC conservatorship
Institution: Meriden F.A. Federal Credit Union
Meriden, CT.
Assets/Deposits: $337, 968
Date of Closure: July 16, 2008
Regulator: NCUA
Acquired By: NCUA Liquidation
Institution: First National Bank of Nevada
Reno, NV.
Assets/Deposits: $3.4 billion/$3 billion
Date of Closure: July 25, 2008
Regulator: OCC
Acquired By: Mutual of Omaha Bank
Institution: First Heritage Bank
Newport Beach, CA.
Assets/Deposits: $254 million/$233 million
Date of Closure: July 25, 2008
Regulator: OCC
Acquired By: Mutual of Omaha Bank
Institution: New London Security FCU
New London, CT.
Assets/Deposits: $12.7 million
Date of Closure: July 28, 2008
Regulator: NCUA
Acquired By: NCUA Liquidation
Institution: First Priority Bank
Bradenton, FL
Assets/Deposits: $259 million/$227 million
Date of Closure: August 1, 2008
Regulator: Commissioner of the Florida Office of Financial Regulation
Acquired By: SunTrust Bank
Institution: Port Trust Federal Credit Union
Charleston, S.C.
Assets/Deposits: $460,915
Date of Closure: August 5, 2008
Regulator: NCUA
Acquired By: CPM Federal Credit Union
Institution: Columbian Bank and Trust Co.
Topeka, KS.
Assets/Deposits: $752 million/$622 million
Date of Closure: August 22, 2008
Regulator: Kansas Office of the State Bank Commissioner
Acquired by: Citizens Bank & Trust
Institution: Integrity Bank
Alpharetta, GA.
Assets/Deposits: $1.1 billion/$974 million
Date of Closure: August 29, 2008
Regulator: Georgia Department of Banking and Finance
Acquired By: Regions Bank
Institution: Valley Credit Union
San Jose, CA.
Assets/Deposits: $257 million
Date of Closure: September 2, 2008
Regulator: NCUA
Acquired By: NCUA Conservatorship
Institution: Silver State Bank
Henderson, NV.
Assets/Deposits: $2 billion/$1.7 billion
Date of Closure: September 5, 2008
Regulator: Nevada Financial Institutions Division
Acquired By: Nevada State Bank/National Bank of Arizona
Institution: Interfaith Federal Credit Union
East Orange, N.J.
Assets/Deposits: $388,000
Date of Closure: September 17, 2008
Regulator: NCUA
Acquired By: NCUA Liquidation
Institution: AmeriBank, Inc.
Northfork, W.V.
Assets/Deposits: $115 million/$102 million
Date of Closure: September 19, 2008
Regulator: OTS
Acquired By: Pioneer Community Bank, / The Citizen Savings Bank
Institution: Washington Mutual Bank
Henderson, NV.
Assets/Deposits: $307 billion/$188 billion
Date of Closure: September 25, 2008
Regulator: OTS
Acquired By: JP Morgan Chase
Institution: Kaiperm Federal Credit Union
Oakland, CA.
Assets/Deposits: $91 million
Date of Closure: September 29, 2008
Regulator: NCUA
Acquired By: Alliant Credit Union
Institution: TEXDOT WF Credit Union
Wichita Falls, TX.
Assets/Deposits: $1.8 million
Date of Closure: September 30, 2008
Regulator: NCUA
Acquired By: Postel Family Credit Union
Institution: N&W Poca Divisi
on Federal Credit Union
Bluefield, W.V.
Assets/Deposits: $6 million
Date of Closure: October 6, 2008
Regulator: NCUA
Acquired By: NCUA Liquidation
Institution: Main Street Bank
Northville, Mich.
Assets/Deposits: $98 million/$86 million
Date of Closure: Oct. 10, 2008
Regulator: Michigan Office of Financial & Insurance Services
Acquired By: Monroe Bank & Trust
Institution: Meridian Bank
Eldred, IL.
Assets/Deposits: $39.18 million/$36.88 million
Date of Closure: October 10, 2008
Regulator: Illinois Division of Banking
Acquired By: National Bank
Institution: High Desert Federal Credit Union
Apple Valley, CA.
Assets/Deposits: $149 million
Date of Closure: October 16, 2008
Regulator: NCUA
Acquired By: NCUA Conservatorship
Institution: Alpha Bank & Trust
Alpharetta, GA.
Assets/Deposits: $354.1 million/$346.2 million
Date of Closure: October 24, 2008
Regulator: Georgia Department of Banking and Finance
Acquired By: Stearns Bank, N.A.
Institution: Freedom Bank
Bradenton, FL.
Assets/Deposits: $287 million/$254 million
Date of Closure: October 31, 2008
Regulator: Florida Office of Financial Regulation
Acquired By: Fifth Third Bank
Institution: Franklin Bank SSB
Houston, TX.
Assets/Deposits: $5.1 billion/$3.7 billion
Date of Closure: November 7, 2008
Regulator: Texas Department of Savings and Mortgage Lending
Acquired By: Prosperity Bank
Institution: Security Pacific Bank
Los Angeles, CA.
Assets/Deposits: 4561.1 million/$450.1 million
Date of Closure: November 7, 2008
Regulator: California Department of Financial Institutions
Acquired By: Pacific Western
Institution: The Community Bank
Loganville, GA.
Assets/Deposits: $681 million/$611 million
Date of Closure: November 21, 2008
Regulator: Georgia Department of Banking and Finance
Acquired By: Bank of Essex
Institution: Downey Savings and Loan Association
Newport Beach, CA.
Assets/Deposits: $12.8 billion/$9.7 billion
Date of Closure: November 21, 2008
Regulator: OTS
Acquired By: U.S. Bank
Institution: PFF Bank and Trust
Pomona, CA.
Assets/Deposits: $3.7 billion/$2.4 billion
Date of Closure: November 21, 2008
Regulator: OTS
Acquired By: U.S. Bank
Institution: West Hartford Credit Union
Farmington, CT.
Assets/Deposits: $2.9 million
Date of Closure: December 5, 2008
Regulator: Connecticut Department of Banking
Acquired By: NCUA
Institution: First Georgia Community Bank
Jackson, GA.
Assets/Deposits: $$237.5 million/$197.4 million
Date of Closure: December 5, 2008
Regulator: Georgia Department of Banking and Finance
Acquired By: United Bank
Institution: Sanderson State Bank
Sanderson, TX.
Assets/Deposits: $37 million/$27.9 million
Date of Closure: December 12, 2008
Regulator: Texas Department of Banking
Acquired By: Pecos County State Bank
Institution: Haven Trust Bank
Duluth, GA.
Assets/Deposits: $572 million/$515 million
Date of Closure: December 12, 2008
Regulator: Georgia Department of Banking and Finance
Acquired By: Branch Banking & Trust Company (BB&T)
