List of largest U.S. bank failures

Last updated

Since the 1970s, over ninety U.S. banks with US$1 billion or more in assets have failed. The list below is based on assets at the time of failure of banks insured by the Federal Deposit Insurance Corporation. [1] [2]


BankCityStateYearAssets at time of failure
Assets at time of failure
(inflation-adjusted, 2021)
Washington Mutual Seattle Washington 2008$307 billion$386 billion [3]
Silicon Valley Bank Santa Clara California 2023$209 billion$209 billion [4]
Signature Bank New York New York 2023$118 billion$118 billion [5]
Continental Illinois National Bank and Trust Chicago Illinois 1984$40.0 billion$104 billion [3] [6]
First Republic Bank Corporation Dallas Texas 1988$32.5 billion$74 billion [7]
American Savings and Loan Stockton California 1988$30.2 billion$69 billion
Bank of New England Boston Massachusetts 1991$21.7 billion$43 billion [7]
IndyMac Pasadena California 2008$32 billion$40 billion [8]
MCorp Dallas Texas 1989$18.5 billion$40 billion
Gibraltar Savings and Loan Simi Valley California 1989$15.1 billion$33 billion
Colonial Bank Montgomery Alabama 2009$25 billion$32 billion [9]
First City National Bank Houston Texas 1988$13.0 billion$30 billion
HomeFed Bank San Diego California 1992$12.2 billion$24 billion
FBOP Corp banking subsidiaries Oak Park Illinois 2009$18.4 billion$23 billion
Southeast Bank Miami Florida 1991$10.5 billion$21 billion
City Federal Savings and Loan Elizabeth New Jersey 1989$9.8 billion$21 billion
Goldome Buffalo New York 1991$9.9 billion$20 billion
Imperial Federal Savings Assoc. San Diego California 1990$9.6 billion$20 billion
Franklin National Bank New York New York 1974$3.7 billion$20 billion
Great American Bank San Diego California 1991$9.5 billion$19 billion
CenTrust Bank Miami Florida 1990$8.2 billion$17 billion
Empire of America Savings Buffalo New York 1990$8.2 billion$17 billion
Guaranty Bank Austin Texas 2009$13.0 billion$16 billion [10]
Downey Savings and Loan Newport Beach California 2008$12.8 billion$16 billion
BankUnited FSB Coral Gables Florida 2009$12.8 billion$16 billion [10]
AmTrust Bank Cleveland Ohio 2009$12.0 billion$15 billion
WesternBank Mayagüez Puerto Rico 2010$11.9 billion$15 billion
Gibraltar Savings Association Houston Texas 1988$6.5 billion$15 billion
United Commercial Bank San Francisco California 2009$11.2 billion$14 billion
Crossland Savings Bank Brooklyn New York 1992$7.4 billion$14 billion
The Connecticut Bank & Trust Co. Hartford Connecticut 1991$7.2 billion$14 billion
MeraBank Phoenix Arizona 1990$6.3 billion$13 billion
Sunbelt Savings Irving Texas 1991$6.0 billion$12 billion
Western Savings and Loan Phoenix Arizona 1989$5.7 billion$12 billion
Columbia Savings & Loan Assn. Beverly Hills California 1991$5.4 billion$11 billion
Lincoln Savings and Loan Association Irvine California 1989$4.9 billion$11 billion
California National Bank Los Angeles California 2009$7.8 billion$9.9 billion
Corus Bank Chicago Illinois 2009$7.0 billion$8.8 billion [10]
United States National Bank San Diego California 1973$1.3 billion$7.9 billion
First Federal Bank of California Santa Monica California 2009$6.1 billion$7.7 billion
R-G Premier Bank of Puerto Rico Hato Rey Puerto Rico 2010$5.90 billion$7.3 billion
Doral Bank San Juan Puerto Rico 2015$5.9 billion$6.7 billion
Franklin Bank Houston Texas 2008$5.1 billion$6.4 billion
Silverton Bank Atlanta Georgia 2009$4.1 billion$5.2 billion
Imperial Capital Bank La Jolla California 2009$4.0 billion$5.1 billion
PFF Bank & Trust Pomona California 2008$3.7 billion$4.7 billion
La Jolla Bank La Jolla California 2010$3.6 billion$4.5 billion
Frontier Bank Everett Washington 2010$3.5 billion$4.3 billion
First National Bank of Nevada Reno Nevada 2008$3.4 billion$4.3 billion
Amcore Bank Rockford Illinois 2010$3.4 billion$4.2 billion
Riverside National Bank of Florida Fort Pierce Florida 2010$3.4 billion$4.2 billion
Midwest Bank and Trust Company Elmwood Park Illinois 2010$3.2 billion$4 billion
First National Bank, also operating as The National Bank of El Paso Edinburg Texas 2013$3.1 billion$3.6 billion
Superior Bank Birmingham Alabama 2011$3.0 billion$3.6 billion
TierOne Bank Lincoln Nebraska 2010$2.8 billion$3.5 billion
Irwin Union Bank and Trust Company Columbus Indiana 2009$2.7 billion$3.4 billion
Orion Bank Naples Florida 2009$2.7 billion$3.4 billion
EuroBank San Juan Puerto Rico 2010$2.6 billion$3.2 billion
First Community Bank Taos New Mexico 2011$2.3 billion$2.8 billion
Integra Bank, N.A. Evansville Indiana 2011$2.2 billion$2.7 billion
ANB Financial Bentonville Arkansas 2008$2.1 billion$2.6 billion
First Regional Bank Los Angeles California 2010$2.1 billion$2.6 billion
ShoreBank Chicago Illinois 2010$2.1 billion$2.6 billion
Silver State Bank Henderson Nevada 2008$2.0 billion$2.5 billion
New Frontier Bank Greeley Colorado 2009$2.0 billion$2.5 billion
Georgian Bank Atlanta Georgia 2009$2.0 billion$2.5 billion
Vineyard Bank Rancho Cucamonga California 2009$1.9 billion$2.4 billion
Peoples First Community Bank Panama City Florida 2009$1.8 billion$2.3 billion
County Bank Merced California 2009$1.7 billion$2.1 billion
Hillcrest Bank Overland Park Kansas 2010$1.6 billion$2 billion
Advanta Bank Corp. Draper Utah 2010$1.6 billion$2 billion
CF Bancorp Port Huron Michigan 2010$1.6 billion$2 billion
Mutual Bank Harvey Illinois 2009$1.6 billion$2 billion
Hamilton Bank Miami Florida 2002$1.3 billion$2 billion
Community Bank of Nevada Las Vegas Nevada 2009$1.5 billion$1.9 billion
First Bank of Beverly Hills Calabasas California 2009$1.5 billion$1.9 billion
Temecula Valley Bank Temecula California 2009$1.5 billion$1.9 billion
New South Federal Savings Bank Irondale Alabama 2009$1.5 billion$1.9 billion
Community Banks of Colorado Greenwood Village Colorado 2011$1.4 billion$1.7 billion
Horizon Bank Bellingham Washington 2010$1.3 billion$1.6 billion
Premier Bank Jefferson City Missouri 2010$1.2 billion$1.5 billion
Broadway Bank Chicago Illinois 2010$1.2 billion$1.5 billion
Security Bank of Bibb County Macon Georgia 2009$1.2 billion$1.5 billion
Charter Bank Santa Fe New Mexico 2010$1.2 billion$1.5 billion
Alliance Bank Culver City California 2009$1.1 billion$1.4 billion
City Bank Lynnwood Washington 2010$1.1 billion$1.4 billion
Columbia River Bank The Dalles Oregon 2010$1.1 billion$1.4 billion
Community Bank and Trust Cornelia Georgia 2010$1.1 billion$1.4 billion
Integrity Bank Alpharetta Georgia 2008$1.1 billion$1.4 billion
Affinity Bank Ventura California 2009$1.0 billion$1.3 billion
Appalachian Community Bank Ellijay Georgia 2010$1.0 billion$1.2 billion

See also

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  7. 1 2 "Ending "Too Big to Fail"". Federal Reserve. March 4, 2013.
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  9. "Colonial Bank dissolved, marking 2009's biggest bank failure". France 24. August 15, 2009.
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