Bank Failures in 2008

Since the beginning of the credit crunch in August 2007, a total of 27 banks have closed their doors, according to the Federal Deposit Insurance Corporation. This year alone, 25 banks have gone under. Take a look at the failures of 2008 (in chronological order), as measured by total assets and the cost to the FDIC’s deposit insurance fund. >Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Sanderson, Texas Closed: Dec. 12, 2008 Assets: $37 million Cost to FDIC: $12.5 million >Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Duluth, Ga. Closed: Dec. 12, 2008 Assets: $572 million Cost to FDIC: $200 million>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Jackson, GA.Closed: Dec. 5, 2008 Assets: $237.5 million Cost to FDIC: $72.2 million>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Pomona, Calif. Closed: Nov. 21, 2008 Assets: $3.7 billion Cost to FDIC: $700 million >Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Newport Beach, Calif. Closed: Nov. 21, 2008 Assets: $12.8 billion Cost to FDIC: $1.4 billion>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Loganville, Ga. Closed: Nov. 7, 2008 Assets: $681.0 million Cost to FDIC: $200 - $240 million>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Los Angeles, Calif. Closed: Nov. 7, 2008 Assets: $561.1 million Cost to FDIC: $210 million >Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Houston, Texas Closed: Nov. 7, 2008 Assets: $5.1 billion Cost to FDIC: $1.4 - $1.6 billion>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Bradenton, Fla. Closed: Oct. 31, 2008 Assets: $287 million Cost to FDIC: $80 - $104 million >Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Alpharetta, Ga.Closed: Oct. 24, 2008Assets: $354.1 million Cost to FDIC: $158.1 million>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Eldred, Ill.Closed: Oct. 10, 2008 Assets:  $39.18 million Cost:  $13 - $14.5 million>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Northville, Mich. Closed: Oct. 10, 2008Assets: $98 million Cost to FDIC: $33 - $39 million>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Photo: TheTruthAbout... Henderson, Nev. Closed: Sept. 25, 2008Assets: $307 billion Washington Mutual is the largest bank failure in history. The bank's assets were bought by JPMorgan Chase for $1.9 billion. >Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Northfork, W. Va. Closed: Aug. 29, 2008Assets: $112.62 millionCost: $42 million>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Henderson, Nev.Closed: Sept. 5, 2008Assets: $2.0 billionCost: $450 - $550 million>ARM Resets: Tsunami Ahead>What Happens When a Bank Fails

Alpharetta, Ga. Closed: Aug. 29, 2008Assets: $1.1 billion Cost: $250 - $350 million>The 3 C's of Getting a Mortgage>How to Know If Your Money Is Safe

Topeka, Kan.       Closed: Aug. 22, 2008Assets: $752 millionCost: $60 million>Tips For Surviving the Credit Crunch >High Times Roll On For High-End Condo Market

Bradenton, Fla.                       Closed: Aug. 1, 2008Assets: $259 millionCost: $72 million>Safety Nets For Savers And Investors>What's In The New Housing Law

Closed: July 25, 2008Costs: $862 millionFirst Heritage BankNewport Beach, Calif.      Assets: $254 millionFirst National Bank of NevadaReno, Nev.Assets: $3.4 billionThe costs of the two banks were combined since both are units of First National Bank Holding.>How To Be Your Own Realtor>How to Know If Your Money Is Safe

Pasadena, Calif.                                Closed: July 11, 2008 Assets: $32.01 billionCost: $4 to $8 billionIndyMac’s stock price reached a high of $45 on May 8, 2006, and closed at 31 cents the day before the bank was seized. >What Happens When a Bank Fails >ARM Resets: Tsunami Ahead

Staples, Minn.                  Closed: May 30, 2008 Assets: $54.7 millionCost: $2.3 million>How to Know If Your Money Is Safe>Safety Nets For Savers And Investors

Bentonville, Ark.                  Closed: May 9, 2008Assets: $2.1 billionCost: $214 million>Safety Nets For Savers And Investors>How to Be Your Own Realtor

Hume, Mo.                                        Closed: March 7, 2008Assets: $18.7 millionCost: Not Available>Safety Nets For Savers And Investors>How to Know If Your Money Is Safe

Kansas City, Mo.         Closed: Jan. 25, 2008 Assets: $58.5 millionCost: $5.6 million>Replay Slideshow>Related Slideshow: Largest US Bankruptcies>Taking Advantage of Foreclosures>How to Be Your Own Realtor