FDIC's satellite headquarters campus in Arlington The FDIC's satellite headquarters campus in Arlington is home to many administrative and support functions, though the most important officials work at the main building in Washington

Twelve United States banks have failed as of September 5, 2008, after only three failures in 2007 and none in 2006 or 2005. United States regulatory agencies close a bank when its capital levels are too low, or it cannot meet obligations the next day. IndyMac Bank was the second or third largest bank failure in United States history. William Isaac, former chairman of the Federal Deposit Insurance Corporation, predicts there will be "more failed banks this year.” Early in 2008, the FDIC, anticipating a string of bank failures in 2008, began hiring retirees from its division of resolutions and receiverships.

In late August, the FDIC reported that its list of 'problem banks' has risen to 117 banks, and it might have to ask the U.S. Treasury Department for more funds to cover an anticipated wave of new bank failures.

List of bank failures in 2008

  1. Douglass National Bank, Kansas City, MO. Failed on January 25, 2008
  2. Hume Bank, Hume, MO. Failed on March 7, 2008
  3. ANB Financial, NA, Bentonville, AR. Failed on May 9, 2008
  4. First Integrity Bank, NA, Staples, MN. Failed on May 30, 2008
  5. IndyMac Bank, Pasadena, CA. Failed on July 11, 2008
  6. First National Bank of Nevada, Reno, NV. Failed on July 25, 2008
  7. First Heritage Bank, NA, Newport Beach, CA. Failed on July 25, 2008
  8. First Priority Bank, Bradenton, FL. Failed on August 1, 2008
  9. The Columbian Bank and Trust Company, Topeka, KS. Failed on August 22, 2008
  10. Integrity Bancshares Inc., Alpharetta, GA. Failed on August 29, 2008
  11. Silver State Bank, Henderson, NV. Failed on September 5, 2008
  12. Ameribank, Northfork, WV. Failed on September 19, 2008

References

  1. "Failed Bank List". Federal Deposit Insurance Corporation. United States Government.
  2. Robertson Jr., Austin G. (2008-08-04). "Do you know where your bank is?", Shreveport Times.
  3. Kristof, Kathy M.; Chang, Andrea (2008-07-12). "IndyMac Bank seized by federal regulators". Los Angeles Times.
  4. Paletta, Damian; Enrich, David (2008-07-12). "Crisis Deepens as Big Bank Fails: IndyMac Seized In Largest Bust In Two Decades". Wall Street Journal.
  5. Story, Louise (2008-14-07). "Analysts Say More Banks Will Fail", New York Times.
  6. Paletta, Damian (2008-26-02). "FDIC to Add Staff as Bank Failures Loom", Wall Street Journal.
  7. "European stocks fall on bank fears; oil rises", International Herald Tribune (2008-08-27).

This guide is licensed under the GNU Free Documentation License. It uses material from the Wikipedia.

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