Data / Bank failures / 2008
US bank failures in 2008: 25 banks closed
25 banks failed in 2008, holding $371.95 billion in assets and $234.32 billion in deposits. The FDIC estimates the cost to its insurance fund at $17.73 billion. The FDIC also assisted 5 open banks without closing them. The largest: Washington Mutual Bank ($307.02 billion), IndyMac Bank F.S.B ($30.70 billion), Downey Savings and Loan Association, F.A. ($12.78 billion). Most by state: CA 6, GA 5, NV 4, TX 2, SD 2.
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Every failure, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Haven Trust Bank | Duluth | GA | December 12, 2008 | $559.6 million | $489.7 million | $246.6 million | Branch Banking and Trust Company |
| Sanderson State Bank | Sanderson | TX | December 12, 2008 | $38.2 million | $32 million | $7.7 million | The Pecos County Bank |
| First Georgia Community Bank | Jackson | GA | December 5, 2008 | $256.4 million | $215.3 million | $86.3 million | United Bank |
| Department Stores National Bank (assistance) | Sioux Falls | SD | November 23, 2008 | $374.9 million | $300.9 million | ||
| Citibank (south Dakota), N.A. (assistance) | Sioux Falls | SD | November 23, 2008 | $77.74 billion | $42.36 billion | ||
| Citibank (banamex USA) (assistance) | Century City | CA | November 23, 2008 | $1.32 billion | $876.1 million | ||
| Citicorp Trust Bank, FSB (assistance) | Wilmington | DE | November 23, 2008 | $19.60 billion | $7.23 billion | ||
| Citibank, National Association (assistance) | Las Vegas | NV | November 23, 2008 | $1.21 trillion | $230.04 billion | ||
| Downey Savings and Loan Association, F.A. | Newport Beach | CA | November 21, 2008 | $12.78 billion | $9.65 billion | $151.2 million | U.S. Bank, NA |
| PFF Bank & Trust | Pomona | CA | November 21, 2008 | $3.72 billion | $2.39 billion | $258.8 million | U.S. Bank, NA |
| The Community Bank | Loganville | GA | November 21, 2008 | $634.9 million | $603.7 million | $335.1 million | Bank of Essex |
| Franklin Bank, SSB | Houston | TX | November 7, 2008 | $5.09 billion | $3.69 billion | $614.1 million | Prosperity Bank |
| Security Pacific Bank | San Diego | CA | November 7, 2008 | $528 million | $456.5 million | $148.3 million | Pacific Western Bank |
| Freedom Bank | Bradenton | FL | October 31, 2008 | $270.8 million | $256.8 million | $113.5 million | Fifth Third Bank |
| Alpha Bank & Trust | Alpharetta | GA | October 24, 2008 | $354.1 million | $344.2 million | $211.3 million | Stearns Bank, NA |
| Main Street Bank | Northville | MI | October 10, 2008 | $112.4 million | $98.9 million | $56.3 million | Monroe Bank & Trust |
| Meridian Bank | Eldred | IL | October 10, 2008 | $38.2 million | $36.1 million | $16.6 million | National Bank |
| Washington Mutual Bank | Henderson | NV | September 25, 2008 | $307.02 billion | $188.26 billion | JPMorgan Chase Bank, NA | |
| Ameribank, Inc. | Northfork | WV | September 19, 2008 | $104 million | $100.9 million | $38.3 million | The Citizens Savings Bank |
| Silver State Bank | Henderson | NV | September 5, 2008 | $1.96 billion | $1.73 billion | $722.1 million | Nevada State Bank |
| Integrity Bank | Alpharetta | GA | August 29, 2008 | $1.11 billion | $962.5 million | $465.9 million | Regions Bank |
| The Columbian Bank and Trust Company | Topeka | KS | August 22, 2008 | $735.1 million | $620.4 million | $334.3 million | Citizens Bank and Trust Company |
| First Priority Bank | Bradenton | FL | August 1, 2008 | $258.6 million | $226.7 million | $95.6 million | Suntrust Bank |
| First Heritage Bank N.A. | Newport Beach | CA | July 25, 2008 | $255.4 million | $234.8 million | $92.1 million | Mutual of Omaha Bank |
| First National Bank of Nevada | Reno | NV | July 25, 2008 | $3.41 billion | $3.04 billion | $709.6 million | Mutual of Omaha Bank |
| IndyMac Bank F.S.B | Pasadena | CA | July 11, 2008 | $30.70 billion | $18.94 billion | $11.98 billion | OneWest Bank, FSB |
| First Integrity Bank, N.A. | Staples | MN | May 30, 2008 | $52.9 million | $50.2 million | $10.3 million | First International Bank and Trust |
| Anb Financial National Association | Bentonville | AR | May 9, 2008 | $1.90 billion | $1.82 billion | $1.03 billion | Pulaski Bank and Trust Co |
| Hume Bank | Hume | MO | March 7, 2008 | $18.7 million | $13.6 million | $3.8 million | Security Bank |
| Douglass National Bank | Kansas City | MO | January 25, 2008 | $52.8 million | $50.3 million | $7.2 million | Liberty Bank and Trust Company |
Other years
- 2026 4
- 2025 2
- 2024 2
- 2023 5
- 2020 4
- 2019 4
- 2017 8
- 2016 5
- 2015 8
- 2014 18
- 2013 24
- 2012 51
- 2011 92
- 2010 157
- 2009 148
- 2007 3
- 2004 4
- 2003 3
- 2002 11
- 2001 4
- 2000 7
- 1999 8
- 1998 3
- 1997 1
- 1996 6
- 1995 8
- 1994 15
- 1993 50
- 1992 181
- 1991 271
- 1990 382
- 1989 534
- 1988 470
- 1987 262
- 1986 204
- 1985 180
- 1984 106
- 1983 99
- 1982 119
- 1981 40
- 1980 22
- 1979 10
- 1978 7
- 1977 6
- 1976 17
- 1975 13
- 1974 4
- 1973 6
- 1972 2
- 1971 7
- 1970 7
- 1969 9
- 1968 3
- 1967 4
- 1966 7
- 1965 5
- 1964 7
- 1963 2
- 1962 1
- 1961 5
- 1960 1
- 1959 3
- 1958 4
- 1957 1
- 1956 2
- 1955 5
- 1954 2
- 1953 2
- 1952 3
- 1951 2
- 1950 4
- 1949 4
- 1948 3
- 1947 5
- 1946 1
- 1945 1
- 1944 2
- 1943 5
- 1942 20
- 1941 15
- 1940 43
- 1939 60
- 1938 74
- 1937 75
- 1936 69
- 1935 25
- 1934 9
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.