2008 Summary by Month
(Approximate asset dollar volume based on figures from the press releases)
| Months | Dec | Dec | Dec | Nov | Nov | Nov | Nov | Nov | Oct | Oct | Oct | Oct | Sep | Sep | Sep | Aug | Aug | Aug | Jul | Jul | Jul | May | May | Mar | Jan |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank Failures | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Approx. Asset (Millions) | 572.00 | 37.00 | 237.50 | 3700.00 | 12800.00 | 681.00 | 5100.00 | 561.10 | 287.00 | 354.10 | 39.20 | 98.00 | 307000.00 | 115.00 | 2000.00 | 1100.00 | 752.00 | 259.00 | 254.00 | 3400.00 | 32010.00 | 54.70 | 2100.00 | 18.70 | 58.50 |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Haven Trust Bank, Duluth, GA | PR-134-2008 | $572.0 | $515.0 | Branch Banking and Trust Company, Winston-Salem, NC assumed all deposits. | |
| Sanderson State Bank, Sanderson, TX | PR-135-2008 | $37.0 | $27.9 | Pecos County State Bank, Fort Stockton, TX assumed all deposits. | |
| First Georgia Community Bank, Jackson, GA | PR-132-2008 | $237.5 | $197.4 | United Bank, Zebulon, GA assumed all deposits. |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| PFF Bank & Trust, Pomona, CA | PR-124-2008 | $3,700.0 | $2,400.0 | In a transaction facilitated by the FDIC, U.S. Bank, National Association, acquired the banking operations of PFF Bank and Trust, and agreed to assume all deposits. | |
| Downey Savings & Loan, Newport Beach, CA | PR-124-2008 | $12,800.0 | $9,700.0 | In a transaction facilitated by the FDIC, U.S. Bank, National Association, acquired the banking operations of Downey Savings and Loan Association, and agreed to assume all deposits. | |
| The Community Bank, Loganville, GA | PR-123-2008 | $681.0 | $611.4 | Bank of Essex, Tappahannock, VA agreed to assume all deposits. |
|
| Franklin Bank, SSB, Houston, TX | PR-113-2008 | $5,100.0 | $3,700.0 | Prosperity Bank, El Campo, TX agreed to assume all deposits. | |
| Security Pacific Bank, Los Angeles, CA | PR-114-2008 | $561.1 | $450.1 | Pacific Western Bank, Los Angeles, California agreed to assume all deposits. |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Freedom Bank, Bradenton, FL | PR-109-2008 | $287.0 | $254.0 | Fifth Third Bank of Grand Rapids, MI agreed to assume all deposits. | |
| Alpha Bank & Trust, Alpharetta, GA | PR-106-2008 | $354.1 | $346.2 | Stearns Bank National Association, St. Cloud, MN agreed to assume the non-brokered insured deposits. |
|
| Meridian Bank, Eldred, IL | PR-99-2008 | $39.2 | $36.9 | National Bank of Hillsboro, IL assumed all deposits. | |
| Main Street Bank, Northville, MI | PR-98-2008 | $98.0 | $86.0 | Monroe Bank & Trust of Monroe, MI agreed to assume all deposits. |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Washington Mutual Bank (Including its subsidiary Washington Mutual Bank FSB), Henderson, NV | PR-85-2008 | $307,000.0 | $188,000.0 | In a transaction facilitated by the FDIC, JPMorgan Chase acquired the banking operations of Washington Mutual Bank, and agreed to assume all deposits (approximately $188 billion). |
|
| Ameribank, Northfork, WV | PR-82-2008 | $115.0 | $102.0 | Pioneer Community Bank, Inc., Iaeger, West Virginia agreed to assume all deposits at Ameribank's WV branches; The Citizens Savings Bank, Martins Ferry, OH agreed to assume all deposits at Ameribank's Ohio branches. |
|
| Silver State Bank, Henderson, NV | PR-77-2008 | $2,000.0 | $1,700.0 | Nevada State Bank, Las Vegas, NV agreed to assume the non-brokered insured deposits. |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Integrity Bank, Alpharetta, GA | PR-74-2008 | $1,100.0 | $974.0 | Regions Bank, Birmingham, AL agreed to assume all deposits. | |
| The Columbian Bank & Trust, Topeka, KS | PR-69-2008 | $752.0 | $622.0 | Citizens Bank and Trust Company, Chillicothe, MO agreed to assume all insured non-brokered deposit accounts. |
|
| First Priority Bank, Bradenton, FL | PR-65-2008 | $259.0 | $227.0 | SunTrust Bank, Atlanta, GA agreed to assume the non-brokered insured deposits. |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| First Heritage Bank, NA, Newport Beach, CA | PR-63-2008 | $254.0 | $233.0 | Mutual of Omaha Bank, Omaha, NE agreed to assume all deposits (approximately $233 million). | |
| First National Bank of Nevada, Reno, NV | PR-63-2008 | $3,400.0 | $3,000.0 | Mutual of Omaha Bank, Omaha, Nebraska agreed to assume all deposits (approximately $3.0 billion). On June 30, 2008, First National Bank of Arizona, Scottsdale, Arizona, merged with First National Bank of Nevada and was included in this action. | |
| IndyMac Bank, Pasadena, CA | PR-56-2008, PR-42-2009 | $32,010.0 | $19,060.0 | Non-brokered insured deposits and substantially all of the assets were transferred to IndyMac Federal Bank, F.S.B., Pasadena, California. The FDIC was named Conservator. |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| First Integrity Bank, NA, Staples, MN | PR-41-2008 | $54.7 | $50.3 | First International Bank and Trust, Watford City, ND agreed to assume all deposits. |
|
| ANB Financial, NA, Bentonville, AR | PR-33-2008 | $2,100.0 | $1,800.0 | Pulaski Bank and Trust Company, Little Rock, AR agreed to assume the non-brokered insured deposits (approximately $212.9 million). |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Hume Bank, Hume, MO | PR-21-2008 | $18.7 | $13.6 | Security Bank, Rich Hill, MO agreed to assume the insured deposits (approximately $12.5 million). |
| Bank Name | Press Release | Closing Date | Approx. Asset (Millions) | Approx. Deposit (Millions) | Acquirer & Transaction |
|---|---|---|---|---|---|
| Douglass National Bank, Kansas City, MO | PR-7-2008 | $58.5 | $53.8 | Liberty Bank and Trust Company of New Orleans, LA agreed to assume all deposits (approximately $53.8 million). |