FACTBOX: Bank failures in 2008

Fri Jul 11, 2008 10:17pm EDT
 
[-] Text [+]

(Reuters) - Mortgage lender IndyMac Bancorp Inc was seized on Friday by the Federal Deposit Insurance Corp, which will run the bank while it looks for a buyer.

Following is a list of the U.S. banks that have failed so far in 2008:

July 11 - IndyMac Bancorp taken over by U.S. regulators. Total assets of $32.01 billion and total deposits of $19.06 billion as of March 31. Estimated cost to FDIC insurance fund between $4 billion and $8 billion.

May 30 - First Integrity Bank closed by regulators. First International Bank and Trust takes over all of the Minnesota-based bank's deposits. First Integrity held $54.7 million in assets and $50.3 million in total deposits.

May 9 - ANB Financial NA closed by U.S. regulators. Pulaski Bank and Trust Co takes over the insured deposits. ANB Financial had about $2.1 billion in assets and $1.8 billion in total deposits.

March 7 - Hume Bank closed by U.S. regulators. Security Bank takes over insured deposits. Hume had total assets of $18.7 million and total deposits of $13.6 million.

January 25 - Douglass National Bank closed by regulators. Liberty Bank and Trust Co takes over all deposits. Douglass had $58.5 million in total assets and $53.8 million in total deposits.

(Reporting by Rachelle Younglai; Editing by Tim Dobbyn)

 

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video